Contractual Assets with Customers - Exclusive Rights

12 Months Ended

Dec. 31, 2018

Contractual Assets with Customers - Exclusive Rights

11.

Contractual Assets with Customers – Exclusive Rights

Refers to exclusive rights disbursements of Ipiranga’s agreements with reseller service stations and major consumers that are recognized at the time of their occurrence and recognized as a reduction of the revenue from sales and services in the statement of profit or loss according to the conditions established in the agreement (amortization in weighted average term of five years), being reviewed as changes occur under the terms of the agreements.

Balance and changes are shown below:


	12/31/2018			12/31/2017			1/1/2017
				Restated (i)			Restated (i)
Initial balance		—			—			—
IFRS 15 adoption		1,502,360			1,438,084			1,392,895

Initial balance – restated (i)		1,502,360			1,438,084			1,392,895
Additions		390,177			529,732			514,291
Amortization		(371,825	)		(463,049	)		(463,490	)
Transfer		(2,235	)		(2,407	)		(5,612	)

Final balance		1,518,477			1,502,360			1,438,084

Current		484,473			456,213			448,316
Non-current		1,034,004			1,046,147			989,768

⁽ⁱ⁾	See Note 2.x.