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Principles of Consolidation, Investments in Subsidiaries and Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2018
Statement [LineItems] |
Investments in subsidiaries | The consolidated financial statements include the following direct and indirect subsidiaries:
|  |  |  |  |  | % interest in the share |
|  |  |  |  |  | 12/31/2018 |  |  | 12/31/2017 |  |  | 12/31/2016 |
|  |  |  |  |  | Control |  |  | Control |  |  | Control |
|  | Location |  | Segment |  | Direct |  |  | Indirect |  |  | Direct |  |  | Indirect |  |  | Direct |  |  | Indirect |
Ipiranga Produtos de Petróleo S.A. |  | Brazil |  | Ipiranga |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |
am/pm Comestíveis Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Centro de Conveniências Millennium Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Icorban—Correspondente Bancário Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Ipiranga Trading Limited |  | Virgin Islands |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Tropical Transportes Ipiranga Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Ipiranga Imobiliária Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Ipiranga Logística Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oil Trading Importadora e Exportadora Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Iconic Lubrificantes S.A. (see Note 3.c) |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 56 |  |  |  | — |  |  |  | 56 |  |  |  | — |  |  |  | — |
Ipiranga Lubrificantes S.A. (see Note 3.c) |  | Brazil |  | Ipiranga |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Integra Frotas Ltda. |  | Brazil |  | Ipiranga |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Companhia Ultragaz S.A. |  | Brazil |  | Ultragaz |  |  | — |  |  |  | 99 |  |  |  | — |  |  |  | 99 |  |  |  | — |  |  |  | 99 |
Ultragaz Comercial Ltda. |  | Brazil |  | Ultragaz |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Bahiana Distribuidora de Gás Ltda. |  | Brazil |  | Ultragaz |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Utingás Armazenadora S.A. |  | Brazil |  | Ultragaz |  |  | — |  |  |  | 57 |  |  |  | — |  |  |  | 57 |  |  |  | — |  |  |  | 57 |
LPG International Inc. |  | Cayman Islands |  | Ultragaz |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Imaven Imóveis Ltda. |  | Brazil |  | Others |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Imifarma Produtos Farmacêuticos e Cosméticos S.A. |  | Brazil |  | Extrafarma |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno S.A. Indústria e Comércio |  | Brazil |  | Oxiteno |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |
Oxiteno Nordeste S.A. Indústria e Comércio |  | Brazil |  | Oxiteno |  |  | — |  |  |  | 99 |  |  |  | — |  |  |  | 99 |  |  |  | — |  |  |  | 99 |
Oxiteno Argentina Sociedad de Responsabilidad Ltda. |  | Argentina |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oleoquímica Indústria e Comércio de Produtos Químicos Ltda. |  | Brazil |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Uruguay S.A. |  | Uruguay |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno México S.A. de C.V. |  | Mexico |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Servicios Corporativos S.A. de C.V. |  | Mexico |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Servicios Industriales S.A. de C.V. |  | Mexico |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno USA LLC |  | United States |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Global Petroleum Products Trading Corp. |  | Virgin Islands |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Andina, C.A. |  | Venezuela |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Europe SPRL |  | Belgium |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Colombia S.A.S |  | Colombia |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Oxiteno Shanghai LTD. |  | China |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Empresa Carioca de Produtos Químicos S.A. |  | Brazil |  | Oxiteno |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Ultracargo—Operações Logísticas e Participações Ltda. |  | Brazil |  | Ultracargo |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |
Terminal Químico de Aratu S.A. – Tequimar |  | Brazil |  | Ultracargo |  |  | — |  |  |  | 99 |  |  |  | — |  |  |  | 99 |  |  |  | — |  |  |  | 99 |
TEAS – Terminal Exportador de Álcool de Santos Ltda. (see Note 3.d) |  | Brazil |  | Ultracargo |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Ultrapar International S.A. |  | Luxembourg |  | Others |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |
SERMA—Ass. dos usuários equip. proc. de dados |  | Brazil |  | Others |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |  |  |  | — |  |  |  | 100 |
Fair value of acquired assets and liabilities assumed in acquisition | The table below summarize the assets acquired and liabilities assumed as of the acquisition date (December 1, 2017):
Current assets |  | Temporary amount |  |  | Final amount |  |  | Adjustment |  |  | Current liabilities |  | Temporary amount |  |  | Final amount |  |  | Adjustment |
Cash and cash equivalents (1) |  |  | 73,316 |  |  |  | 73,316 |  |  |  | — |  |  | Trade payables |  |  | 33,453 |  |  |  | 33,453 |  |  |  | — |
Trade receivables |  |  | 157,016 |  |  |  | 157,016 |  |  |  | — |  |  | Salaries and related charges |  |  | 18,251 |  |  |  | 18,251 |  |  |  | — |
Inventories |  |  | 112,998 |  |  |  | 113,131 |  |  |  | 133 |  |  | Taxes payable |  |  | 20,089 |  |  |  | 20,089 |  |  |  | — |
Recoverable taxes |  |  | 5,595 |  |  |  | 5,595 |  |  |  | — |  |  | Other payables |  |  | 28,743 |  |  |  | 28,743 |  |  |  | — |
Other receivables |  |  | 15,497 |  |  |  | 15,497 |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | 364,422 |  |  |  | 364,555 |  |  |  | 133 |  |  |  |  |  | 100,536 |  |  |  | 100,536 |  |  |  | — |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  | Non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Related parties |  |  | 7,077 |  |  |  | 7,077 |  |  |  | — |  |  | Provision for tax, civil, and labor risks |  |  | 202,352 |  |  |  | 202,352 |  |  |  | — |
Indemnity asset |  |  | 202,352 |  |  |  | 202,352 |  |  |  | — |  |  | Deferred income and social contribution taxes |  |  | 3,300 |  |  |  | 48,418 |  |  |  | 45,118 |
Escrow deposits |  |  | 4,095 |  |  |  | 4,095 |  |  |  | — |  |  | Post-employment benefits |  |  | 44,478 |  |  |  | 44,478 |  |  |  | — |
Other receivables |  |  | 5,257 |  |  |  | 5,257 |  |  |  | — |  |  |  |  |  | 250,130 |  |  |  | 295,248 |  |  |  | 45,118 |
Property, plant, and equipment |  |  | 172,526 |  |  |  | 175,823 |  |  |  | 3,298 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets |  |  | 9,944 |  |  |  | 139,215 |  |  |  | 129,270 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | 401,251 |  |  |  | 533,819 |  |  |  | 132,568 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets acquired |  |  | 765,673 |  |  |  | 898,374 |  |  |  | 132,701 |  |  | Total liabilities assumed |  |  | 350,666 |  |  |  | 395,784 |  |  |  | 45,118 |
Goodwill |  |  | 123,673 |  |  |  | 69,807 |  |  |  | (53,866 | ) |  | Participation of non-controlling interests |  |  | 182,603 |  |  |  | 221,139 |  |  |  | 38,536 |
Total assets acquired and goodwill |  |  | 889,346 |  |  |  | 968,181 |  |  |  | 78,835 |  |  | Consideration transferred |  |  | 356,077 |  |  |  | 351,258 |  |  |  | (4,819 | )
(1) | Includes the cash contribution from IPP.
Summary of identification of assets and liabilities, intangible assets, not recognized in acquired entity's book | During the process of identification of assets and liabilities, intangible assets, which were not recognized in the acquired entity’s books were also taken into account, as shown below:
|  | R$ |  |  | Useful life |  |  | Amortization method |
Commercial property rights |  |  | 114,792 |  |  |  | 39 years |  |  |  | Straight line |
Portfolio and customers’ relationship |  |  | 14,478 |  |  |  | 30 years |  |  |  | Straight line |
Total |  |  | 129,270 |  |  |  |  |  |  |  |  |
Summary of goodwill calculation | The goodwill was calculated as below:
|  | Temporary amount |  |  | Final amount |  |  | Adjustment |
Consideration transferred |  |  | 356,077 |  |  |  | 351,258 |  |  |  | 4,819 |
Total assets acquired |  |  | (765,673 | ) |  |  | (898,374 | ) |  |  | (132,701 | )
Total liabilities assumed |  |  | 350,666 |  |  |  | 395,784 |  |  |  | 45,118 |
Non-controlling interest |  |  | 182,603 |  |  |  | 221,139 |  |  |  | 38,536 |
Goodwill (see Note 14.a) |  |  | 123,673 |  |  |  | 69,807 |  |  |  | 53,866 |
TEAS Terminal Exportador de Alcool de Santos Ltda. [member] |
Statement [LineItems] |
Fair value of acquired assets and liabilities assumed in acquisition | The table below summarizes the assets acquired and liabilities assumed as of the acquisition date:
Current assets |  |  |  |  |  | Current liabilities |  |  |  |
Cash and cash equivalents |  |  | 3,662 |  |  | Trade payables |  |  | 14 |
Recoverable taxes |  |  | 3,830 |  |  | Contingent consideration |  |  | 2,880 |
|  |  | 7,492 |  |  |  |  |  | 2,894 |
Non-current assets |  |  |  |  |  | Non-current liabilities |  |  |  |
Deferred income and social contribution taxes |  |  | 1,054 |  |  | Provision for tax, civil, and labor risks |  |  | 141 |
Escrow deposits |  |  | 72 |  |  |  |  |  |  |
Indemnity asset |  |  | 141 |  |  |  |  |  |  |
Property, plant, and equipment |  |  | 96,852 |  |  |  |  |  |  |
|  |  | 98,119 |  |  |  |  |  | 141 |
Total assets acquired |  |  | 105,611 |  |  | Total liabilities assumed |  |  | 3,035 |
Goodwill |  |  | 797 |  |  |  |  |  |  |
Total assets acquired and goodwill |  |  | 106,408 |  |  | Consideration transferred |  |  | 103,373 |
Summary of goodwill calculation | The goodwill is was calculated as below:
Consideration transferred |  |  | 103,373 |
Total assets acquired |  |  | (105,611 | )
Total liabilities assumed |  |  | 3,035 |
Goodwill (see Note 14.a) |  |  | 797 |
Consolidated information | The following summary presents the Company’s pro forma information for 2017, as if the acquisition had been completed at the beginning of the year. The pro forma 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:
|  | 2017 |
Net revenue from sales and services |  |  | 80,007,676 |
Operating income |  |  | 2,760,458 |
Net income for the year |  |  | 1,507,074 |
Earnings per share basic – whole R$ (see Note 31) |  |  | 1.3911 |
Earnings per share diluted – whole R$ (see Note 31) |  |  | 1.3812 |

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