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3. Principles of Consolidation, Investments in Subsidiaries, Acquisitions Under Approval and Business Combination (Tables)

12 Months Ended

Dec. 31, 2017

Principles Of Consolidation Investments In Subsidiaries Acquisitions Under Approval And Business Combination Tables

Investments in subsidiaries

				% interest in the share
				2017				2016
				Control				Control
	Location	Segment		Direct control		Indirect control		Direct control		Indirect control
Ipiranga Produtos de Petróleo S.A.	Brazil	Ipiranga		100		-		100		-
am/pm Comestíveis Ltda.	Brazil	Ipiranga		-		100		-		100
Centro de Conveniências Millennium Ltda.	Brazil	Ipiranga		-		100		-		100
Icorban - Correspondente Bancário Ltda.	Brazil	Ipiranga		-		100		-		100
Ipiranga Trading Limited	Virgin Islands	Ipiranga		-		100		-		100
Tropical Transportes Ipiranga Ltda.	Brazil	Ipiranga		-		100		-		100
Ipiranga Imobiliária Ltda.	Brazil	Ipiranga		-		100		-		100
Ipiranga Logística Ltda.	Brazil	Ipiranga		-		100		-		100
Oil Trading Importadora e Exportadora Ltda.	Brazil	Ipiranga		-		100		-		100
Chevron Brasil Lubrificantes S.A. (see Note 3.c)	Brazil	Ipiranga		-		56		-		-
Ipiranga Lubrificantes S.A. (see Note 3.c)	Brazil	Ipiranga		-		100		-		100
Integra Frotas Ltda. ⁽¹⁾	Brazil	Ipiranga		-		100		-		-
Companhia Ultragaz S.A.	Brazil	Ultragaz		-		99		-		99
Ultragaz Comercial Ltda. ⁽²⁾	Brazil	Ultragaz		-		100		-		-
Bahiana Distribuidora de Gás Ltda.	Brazil	Ultragaz		-		100		-		100
Utingás Armazenadora S.A.	Brazil	Ultragaz		-		57		-		57
LPG International Inc.	Cayman Islands	Ultragaz		-		100		-		100
Imaven Imóveis Ltda.	Brazil	Others		-		100		-		100
Imifarma Produtos Farmacêuticos e Cosméticos S.A.	Brazil	Extrafarma		-		100		-		100
Oxiteno S.A. Indústria e Comércio	Brazil	Oxiteno		100		-		100		-
Oxiteno Nordeste S.A. Indústria e Comércio	Brazil	Oxiteno		-		99		-		99
Oxiteno Argentina Sociedad de Responsabilidad Ltda.	Argentina	Oxiteno		-		100		-		100
Oleoquímica Indústria e Comércio de Produtos Químicos Ltda.	Brazil	Oxiteno		-		100		-		100
Oxiteno Uruguay S.A.	Uruguay	Oxiteno		-		100		-		100
Barrington S.L. ⁽³⁾	Spain	Oxiteno		-		-		-		100
Oxiteno México S.A. de C.V.	Mexico	Oxiteno		-		100		-		100
Oxiteno Servicios Corporativos S.A. de C.V.	Mexico	Oxiteno		-		100		-		100
Oxiteno Servicios Industriales S.A. de C.V.	Mexico	Oxiteno		-		100		-		100
Oxiteno USA LLC	United States	Oxiteno		-		100		-		100
Global Petroleum Products Trading Corp.	Virgin Islands	Oxiteno		-		100		-		100
Oxiteno Overseas Corp.⁽⁴⁾	Virgin Islands	Oxiteno		-		-		-		100
Oxiteno Andina, C.A.	Venezuela	Oxiteno		-		100		-		100
Oxiteno Europe SPRL	Belgium	Oxiteno		-		100		-		100
Oxiteno Colombia S.A.S	Colombia	Oxiteno		-		100		-		100
Oxiteno Shanghai LTD.	China	Oxiteno		-		100		-		100
Empresa Carioca de Produtos Químicos S.A.	Brazil	Oxiteno		-		100		-		100
Ultracargo - Operações Logísticas e Participações Ltda.	Brazil	Ultracargo		100		-		100		-
Terminal Químico de Aratu S.A. – Tequimar	Brazil	Ultracargo		-		99		-		99
Ultrapar International S.A.	Luxembourg	Others		100		-		100		-
SERMA - Ass. dos usuários equip. proc. de dados	Brazil	Others		-		100		-		100

Fair value of acquired assets and liabilities assumed in acquisition

Current assets			Current liabilities
Cash and cash equivalents	73,316		Trade payables	33,453
Trade receivables	157,016		Salaries and related charges	18,251
Inventories	112,998		Taxes payable	20,089
Recoverable taxes	5,595		Other payables	28,743
Other receivables	15,497
	364,422			100,536

Non-current assets			Non-current liabilities
Related parties	7,077		Provision for tax, civil, and labor risks	202,352
Indemnity asset	202,352		Deferred income and social contribution taxes	3,300
Escrow deposits	4,095		Post-employment benefits	44,478
Other receivables	5,257
Property, plant, and equipment	172,526
Intangible assets	9,944
	401,251			250,130

Total assets acquired	765,673		Total liabilities assumed	350,666

Preliminary goodwill	123,673		Participation of non-controlling interests	182,603

Total assets acquired and preliminary goodwill	889,346		Preliminary consideration transferred	356,077

The calculation of the provisional goodwill is shown below:

Temporary consideration transferred	356,077

Total assets acquired	765,673

(-) Total liabilities assumed	(350,666)

(-) Non-controlling interest	(182,603)

Temporary goodwill	123,673

Consolidated information

	2017
Net revenue from sales and services	80,785,084
Operating income	2,834,636
Net income for the year	1,555,077
Earnings per share basic - whole R$ (see Note 29)	2.8709
Earnings per share diluted - whole R$ (see Note 29)	2.8503