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14. Loans, Debentures, and Finance Leases (Tables)

12 Months Ended

Dec. 31, 2017

Loans Debentures And Finance Leases Tables

Compostion of loans

*a. Composition*
Description	2017		2016		Index/Currency		Weighted average financial charges 12/31/2017 – % p.a.		Maturity

Foreign currency – denominated loans:
Notes in the foreign market (b) (*)	2,454,142		2,412,112		US$		+5.3		2026
Foreign loan (c.1) (*)	788,794		942,456		US$ + LIBOR (i)		+1.0		2018 to 2022
Foreign loan (c.1) (*)	298,927		332,650		US$ + LIBOR (i)		+1.9		2018
Foreign loan (c.2, c.3 and c.4)	259,015		486,451		US$		+2.2		2018
Financial institutions (e)	330,755		195,021		US$ + LIBOR (i)		+2.5		2019 to 2022
Financial institutions (e)	106,745		109,859		US$		+2.8		2018 to 2022
Financial institutions (e)	27,048		24,586		MX$ (ii)		+8.5		2018
Foreign currency advances delivered	26,080		32,582		US$		+2.2		< 54 days
Advances on foreign exchange contracts	44,515		111,066		US$		+2.4		< 92 days
BNDES (d)	4,460		7,137		US$		+6.4		2018 to 2020
Financial institutions (e)	3,382		9,569		MX$ + TIIE (ii)		+1.5		2018
Financial institutions (e)	593		435		Bs$ (vii)		+24.0		2018
Subtotal foreign currency	4,344,456		4,663,924

Brazilian Reais – denominated loans:
Debentures - Ipiranga (g.1, g.2, g.4 and g.6)	2,836,741		1,914,498		CDI		105.8		2018 to 2022
Banco do Brasil – floating rate (f)	2,794,272		2,956,547		CDI		107.3		2018 to 2021
Debentures - 5th issuance (g.3)	817,654		832,383		CDI		108.3		2018
Debentures – CRA (g.5)	1,380,852		-		CDI		95.0		2022
Debentures – CRA (g.5) (*)	554,402		-		IPCA		+4.6		2024
BNDES (d)	206,423		307,593		TJLP (iii)		+2.4		2018 to 2023
Export Credit Note – floating rate (h)	157,749		158,753		CDI		101.5		2018
BNDES (d)	69,422		71,430		SELIC (vi)		+2.3		2018 to 2023
BNDES EXIM	62,754		62,084		TJLP (iii)		+3.5		2018
Finance leases (i)	48,515		48,566		IGP-M (v)		+5.6		2018 to 2031
FINEP	35,611		48,667		R$		+4.0		2018 to 2022
FINEP	32,682		34,613		TJLP (iii)		+1.0		2018 to 2023
Banco do Nordeste do Brasil	28,136		47,120		R$		+8.5		2018 to 2021
BNDES EXIM	30,850		28,056		SELIC (vi)		+3.9		2018
BNDES (d)	26,270		40,309		R$		+5.6		2018 to 2022
FINAME	56		80		TJLP (iii)		+5.7		2018 to 2022
Fixed finance leases (i)	-		41
Floating finance leases (i)	-		109

Subtotal Brazilian Reais	9,082,389		6,550,849

Total foreign currency and Brazilian Reais	13,426,845		11,214,773

Currency and interest rate hedging instruments (**)	163,749		202,357

Total	13,590,594		11,417,130

Current	3,503,675		2,475,604
Non-current	10,086,919		8,941,526

Changes in loans, debentures and finance leases

Balance on 12/31/2016	11,214,773
New loans and debentures with cash effect	4,510,694
Interest accrued	925,421
Principal payment and financial leases	(2,467,391)
Interest payment	(769,740)
Monetary variation	37,937
Change in fair value	(24,849)

Balance on 12/31/2017	13,426,845

Principal maturity schedule

	2017		2016

From 1 to 2 years	1,826,907		3,203,383
From 2 to 3 years	894,640		1,699,009
From 3 to 4 years	1,302,450		693,993
From 4 to 5 years	3,016,406		554,162
More than 5 years	3,046,516		2,790,979

	10,086,919		8,941,526

Foreign loan maturity

Maturity	US$ (million)		Cost in % of CDI

Jul/18	60.0		103.0
Sep/18	80.0		101.5
Nov/18	80.0		101.4
Jun/22	100.0		105.0
Total / average cost	320.0		102.9

Loan and debenture maturity

Maturity

2018-Jan	172,798
2018-Apr	100,571
2019-Feb	168,392
2019-May	1,338,979
2020-May	337,844
2021-May	337,844
2022-May	337,844
Total	2,794,272

Maturity
Mar/2018		817,654
Dec/2018		801,026
May/2021		499,012
Apr/2022		656,009
Jul/2022		1,536,704
Oct/2022		724,841
Apr/2024		350,873
Oct/2024		203,530

Total		5,589,649

Debentures

Face value unit:	R$ 10,000.00
Final maturity:	November 16, 2017
Payment of the face value:	Lump sum at final maturity
Interest:	107.9% of CDI
Payment of interest:	Semiannually
Reprice:	Not applicable

Face value unit:	R$ 10,000.00
Final maturity:	December 20, 2018
Payment of the face value:	Lump sum at final maturity
Interest:	107.9% of CDI
Payment of interest:	Semiannually
Reprice:	Not applicable

Face value unit:	R$ 10,000.00
Final maturity:	March 16, 2018
Payment of the face value:	Lump sum at final maturity
Interest:	108.25% of CDI
Payment of interest:	Semiannually
Reprice:	Not applicable

Face value unit:	R$ 1,000,000.00
Final maturity:	May 25, 2021
Payment of the face value:	Annual as from May 2019
Interest:	105.0% of CDI
Payment of interest:	Semiannually
Reprice:	Not applicable

Face value unit:	R$ 1,000.00
Final maturity:	April 18, 2022
Payment of the face value:	Lump sum at final maturity
Interest:	95% of CDI
Payment of interest:	Semiannually
Reprice:	Not applicable

Face value unit:	R$ 1,000.00
Final maturity:	April 15, 2024
Payment of the face value:	Lump sum at final maturity
Interest:	IPCA + 4.7%
Payment of interest:	Annually
Reprice:	Not applicable

Face value unit:	R$ 1,000.00
Final maturity:	July 28, 2022
Payment of the face value:	Annual as from July 2021
Interest:	105.0% of CDI
Payment of interest:	Annually
Reprice:	Not applicable

Face value unit:	R$ 1,000.00
Final maturity:	October 24, 2022
Payment of the face value:	Lump sum at final maturity
Interest:	95% of CDI
Payment of interest:	Semiannually
Reprice:	Not applicable

Face value unit:	R$ 1,000.00
Final maturity:	October 24, 2024
Payment of the face value:	Lump sum at final maturity
Interest:	IPCA + 4.33%
Payment of interest:	Annually
Reprice:	Not applicable

Equipment and intangible assets, net of depreciation and amortization, and corresponding liabilities

		2017				2016
		LPG bottling facilities		LPG bottling facilities		Software		Total
Equipment and intangible assets, net of depreciation and amortization		15,732		17,078		223		17,301

Financing (present value)		48,515		48,566		150		48,716
Current		2,710		2,465		150		2,615
Non-current		45,805		46,101		-		46,101

		2017		2016
		LPG bottling facilities		LPG bottling facilities		Software		Total

Up to 1 year		5,113		4,876		156		5,032
From 1 to 2 years		5,113		4,876		-		4,876
From 2 to 3 years		5,113		4,876		-		4,876
From 3 to 4 years		5,113		4,876		-		4,876
From 4 to 5 years		5,113		4,876		-		4,876
More than 5 years		42,611		45,516		-		45,516

Total		68,176		69,896		156		70,052

Transaction costs

	Effective rate of transaction costs (% p.a.)		Balance on 12/31/2016		Incurred cost				Amortization		Balance on 12/31/2017


Notes in the foreign market (14.b)	0.0		16,612		-				(1,314)		15,298
Banco do Brasil (14.f)	0.2		12,182		-				(4,117)		8,065
Debentures (14.g)	0.2		6,835		42,388				(4,514)		44,709
Foreign loans (14.c)	0.2		2,211		563				(1,561)		1,213
Other	0.2		1,952		1,418				(569)		2,801

Total			39,792		44,369				(12,075)		72,086
	Effective rate of transaction costs (% p.a.)		Balance on 12/31/2015		Incurred cost			Amortization			Balance on 12/31/2016


Banco do Brasil (14.f)	0.2		11,883		3,529			(3,230)			12,182
Foreign Loans (14.c)	0.2		4,649		-			(2,438)			2,211
Debentures (14.g)	0.1		1,801		6,407			(1,373)			6,835
Notes in the foreign market (14.b)	0.0		-		16,821			(209)			16,612
Other	0.2		545		2,079			(672)			1,952

Total			18,878		28,836			(7,922)			39,792

Appropriated profit or loss in the future

	Up to 1 year		1 to 2 years		2 to 3 years		3 to 4 years		4 to 5 years		More than 5 years		Total

Notes in the foreign market (14.b)	1,388		1,464		1,546		1,632		1,723		7,545		15,298
Banco do Brasil (14.f)	4,628		2,317		599		385		136		-		8,065
Debentures (14.g)	9,151		9,069		9,110		8,971		5,798		2,610		44,709
Foreign loans (14.c)	931		171		111		-		-		-		1,213
Other	642		831		710		354		264		-		2,801

Total	16,740		13,852		12,076		11,342		7,921		10,155		72,086