XML 164 R58.htm IDEA: XBRL DOCUMENT

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

15. Intangible Assets

Balances and changes in intangible assets are as follows:


	Weighted average useful life (years)		Balance on 12/31/2018			Adoption IFRS 16			Additions			Amortization			Transfer (i)			Write-offs and disposals			Effect of foreign currency exchange rate variation			Oxiteno Andina (*)			Balance on 12/31/2019

Cost:
Goodwill (a)		—		1,525,088			—			—			—			—			—			—			—			1,525,088
Software (b)		3		1,062,486			—			145,004			—			2,553			(784	)		1,551			(281	)		1,210,529
Technology (c)		5		32,617			—			—			—			—			—			—			—			32,617
Commercial property rights		10		64,032			(56,114	)		3,820			—			(1,401	)		(2,403	)		—			—			7,934
Distribution rights		6		142,989			—			1,505			—			(10,895	)		—			—			—			133,599
Brands (d)		—		120,571			—			—			—			—			—			1,933			—			122,504
Trademark rights (d)		35		114,792			—			—			—			—			—			—			—			114,792
Others (e)		10		43,281			—			1,668			—			(355	)		—			306			—			44,900

				3,105,856			(56,114	)		151,997			—			(10,098	)		(3,187	)		3,790			(281	)		3,191,963


Accumulated amortization:
Software				(537,438	)		—			—			(110,088	)		13			(611	)		(998	)		261			(648,861	)
Technology				(32,613	)		—			—			(3	)		—			—			—			—			(32,616	)
Commercial property rights				(23,931	)		16,186			—			(848	)		(669	)		2,878			—			—			(6,384	)
Distribution rights				(106,597	)		—			—			(6,511	)		4,176			—			—			—			(108,932	)
Trademark rights				(3,182	)		—			—			(2,937	)		—			—			—			—			(6,119	)
Others				(32,740	)		—			—			(105	)		136			—			(4	)		—			(32,713	)

				(736,501	)		16,186			—			(120,492	)		3,656			2,267			(1,002	)		261			(835,625	)

Provision for losses and impairment:
Goodwill (a)				—			—			(593,280	)		—			—			—			—			—			(593,280	)
Commercial property rights				—			—			(465	)		—			—			—			—			—			(465	)

				—			—			(593,745	)		—			—			—			—			—			(593,745	)

Net amount				2,369,355			(39,928	)		(441,748	)		(120,492	)		(6,442	)		(920	)		2,788			(20	)		1,762,593

(*) Refers to the asset write-offs of Oxiteno Andina (see Note 3.b.3).


	Weighted average useful life (years)		Balance on 12/31/2017			Additions		Amortization			Transfer (i)			Write-offs and disposals			Effect of foreign currency exchange rate variation			Balance acquisition TEAS (ii)			Balance on 12/31/2018
Cost:
Goodwill (a)		—		1,524,291			—		—			—			—			—			797			1,525,088
Software (b)		5		853,079			223,964		—			(1,258	)		(15,401	)		2,053			49			1,062,486
Technology (c)		5		32,617			—		—			—			—			—			—			32,617
Commercial property rights (d)		10		55,069			11,117		—			—			(2,154	)		—			—			64,032
Distribution rights		8		142,669			690		—			(350	)		—			(20	)		—			142,989
Brands (e)		—		113,543			—		—			—			—			7,028			—			120,571
Trademark rights (e)		39		114,792			—		—			—			—			—			—			114,792
Others (f)		10		40,514			1,822		—			—			—			945			—			43,281

				2,876,574			237,593		—			(1,608	)		(17,555	)		10,006			846			3,105,856

Accumulated amortization:
Software				(456,799	)		—		(79,845	)		59			28			(832	)		(49	)		(537,438	)
Technology				(32,541	)		—		(72	)		—			—			—			—			(32,613	)
Commercial property rights				(21,292	)		—		(4,679	)		—			2,040			—			—			(23,931	)
Distribution rights				(96,704	)		—		(10,018	)		125			—			—			—			(106,597	)
Trademark rights				—			—		(3,182	)		—			—			—			—			(3,182	)
Others				(31,196	)		—		(1,538	)		—			—			(6	)		—			(32,740	)

				(638,532	)		—		(99,334	)		184			2,068			(838	)		(49	)		(736,501	)

Net amount				2,238,042			237,593		(99,334	)		(1,424	)		(15,487	)		9,168			797			2,369,355


	Weighted average useful life (years)		Balance on 1/1/2017			Additions		Amortization			Transfer			Write- offs and disposals			Effect of foreign currency exchange rate variation			Fair value CBLSA			Balance on 12/31/2017
Cost:
Goodwill (a)		—		1,454,484			—		—			—			—			—			69,807			1,524,291
Software (b)		5		641,691			207,703		—			2,447			(1,193	)		2,431			—			853,079
Technology (c)		5		32,617			—		—			—			—			—			—			32,617
Commercial property rights (d)		10		43,258			13,837		—			(68	)		(1,958	)		—			—			55,069
Distribution rights		6		125,539			—		—			—			—			—			17,130			142,669
Brands (e)		—		112,936			—		—			—			—			607			—			113,543
Trademark rights (e)		39		—			—		—			—			—			—			114,792			114,792
Others (f)		10		39,172			420		—			—			—			922			—			40,514

				2,449,697			221,960		—			2,379			(3,151	)		3,960			201,729			2,876,574

Accumulated amortization:
Software				(396,702	)		—		(59,579	)		(5	)		1,191			(1,704	)		—			(456,799	)
Technology				(32,469	)		—		(72	)		—			—			—			—			(32,541	)
Commercial property rights				(19,568	)		—		(3,689	)		8			1,957			—			—			(21,292	)
Distribution rights				(86,012	)		—		—			—			—			—			(10,692	)		(96,704	)
Others				(23,310	)		—		(7,883	)		—			—			(3	)		—			(31,196	)

				(558,061	)		—		(71,223	)		3			3,148			(1,707	)		(10,692	)		(638,532	)

Net amount				1,891,636			221,960		(71,223	)		2,382			(3	)		2,253			191,037			2,238,042

The amortization expenses were recognized in the financial statements as shown below:


	2019		2018		2017
Inventories and cost of products and services sold		11,183		15,044		2,165
Selling and marketing		3,872		8,920		11,689
General and administrative		105,437		75,370		57,369

		120,492		99,334		71,223

The balance of the goodwill is tested annually for impairment and is represented by the following acquisitions:


	Segment		12/31/2019			12/31/2018
Goodwill on the acquisition of:
Extrafarma		Extrafarma		661,553			661,553
Extrafarma – impairment		Extrafarma		(593,280	)		—

Extrafarma – net		Extrafarma		68,273			661,553
Ipiranga (1)		Ipiranga		276,724			276,724
União Terminais		Ultracargo		211,089			211,089
Texaco		Ipiranga		177,759			177,759
Iconic (CBLSA)		Ipiranga		69,807			69,807
Oxiteno Uruguay		Oxiteno		44,856			44,856
Temmar		Ultracargo		43,781			43,781
DNP		Ipiranga		24,736			24,736
Repsol		Ultragaz		13,403			13,403
TEAS		Ultracargo		797			797
Others		Oxiteno		583			583

				931,808			1,525,088

(1)	Including R$ 246,163 at Ultrapar.