Equity (Tables)

12 Months Ended

Dec. 31, 2019

Balance and changes in valuation adjustments of the Company are as follows:


	Valuation adjustments
	Fair value of cash flow hedging instruments			Fair value of financial instruments			Actuarial gains (losses) of post- employment benefits			Non- controlling shareholders interest change		Total
Balance on December 31, 2016		(26,883	)		—			2,896			—		(23,987	)
Changes in fair value of financial instruments		(2,550	)		—			—			—		(2,550	)
IRPJ and CSLL on fair value		2,069			—			—			—		2,069
Difference between the fair value of the consideration received or paid and the variation in the non-controlling shareholders interest		—			—			—			197,369		197,369
Actuarial losses of post-employment benefits		—			—			(27,658	)		—		(27,658	)
Income and social contribution taxes on actuarial losses		—			—			9,581			—		9,581
Balance as of December 31, 2017		(27,364	)		—			(15,181	)		197,369		154,824
Changes in fair value of financial instruments		(326,030	)		(273	)		—			—		(326,303	)
Income and social contribution taxes on fair value		110,058			—			—			—		110,058
Actuarial losses of post-employment benefits		—			—			(2,810	)		—		(2,810	)
Income and social contribution taxes on actuarial losses		—			—			242			—		242

Balance as of December 31, 2018		(243,336	)		(273	)		(17,749	)		197,369		(63,989	)
Changes in fair value of financial instruments		(76,479	)		478			0			0		(76,001	)
IRPJ and CSLL on fair value		23,683			0			0			0		23,683
Actuarial losses of post-employment benefits		0			0			(41,794	)		0		(41,794	)
Income and social contribution taxes on actuarial losses		0			0			11,784			0		11,784

Balance as of December 31, 2019		(296,132	)		205			(47,759	)		197,369		(146,317	)

Balance and changes in cumulative translation adjustments of the Company are as follows:


	12/31/2019
Balance on December 31, 2016		7,519
Translation of foreign subsidiaries, net of IRPJ and CSLL		45,542

Balance as of December 31, 2017		53,061
Currency translation of foreign subsidiaries		52,531
Effect of foreign currency exchange rate variation on financial instruments		(60,204	)
IRPJ and CSLL on exchange variation		20,469

Balance as of December 31, 2018		65,857
Currency translation of foreign subsidiaries		46,330
Effect of foreign currency exchange rate variation on financial instruments		(14,788	)
IRPJ and CSLL on exchange variation		5,028

Balance as of December 31, 2019		102,427

Balances and changes in dividends payable are as follows:

The management proposal for the allocation of net income for 2019 and for distribution of dividends is as follow:


	12/31/2019
Allocation of net income
Net income for the period attributable to shareholders of Ultrapar		373,526

Minimum mandatory dividends for the period (50% of the net income)		186,763
Legal reserve (5% of the net income)		18,676
Additional dividends to minimum mandatory dividends		168,087

Total allocation of net income		373,526
Allocation of dividends
Minimum mandatory dividends for the period ( 50 % of the net income)		186,763
Additional dividends to minimum mandatory dividends		168,087
Dividends on statutory reserve		124,002

Total allocation		478,852
(-) Interim dividends paid (R$ 0.20 per share)		(217,382	)

Dividends payable (R$ 0.24 per share)—Equity		261,470