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Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

The main financial information of each of the Company’s segments are stated as follows:


	2019			2018			2017
Net revenue from sales and services:
Ultragaz		7,094,823			7,043,246			6,071,002
Ipiranga		75,452,481			76,477,640			66,950,501
Oxiteno		4,254,237			4,748,428			3,959,416
Ultracargo		540,758			493,649			438,360
Extrafarma		2,060,568			2,027,988			1,868,919

		89,402,867			90,790,951			79,288,198
Others (1)		44,770			46,937			50,752
Intersegment sales		(149,662	)		(139,905	)		(108,936	)

Total		89,297,975			90,697,983			79,230,014

Intersegment sales:
Ultragaz		3,794			2,879			2,178
Ipiranga		535			2,919			1,003
Oxiteno		22,265			6,325			919
Ultracargo		78,390			82,573			54,174
Extrafarma		0			—			—

		104,984			94,696			58,274
Others (1)		44,678			45,209			50,662

Total		149,662			139,905			108,936

Net revenue from sales and services, excluding intersegment sales:
Ultragaz		7,091,029			7,040,367			6,068,824
Ipiranga		75,451,946			76,474,721			66,949,498
Oxiteno		4,231,971			4,742,103			3,958,497
Ultracargo		462,368			411,076			384,186
Extrafarma		2,060,569			2,027,988			1,868,919

		89,297,883			90,696,255			79,229,924
Others (1)		92			1,728			90

Total		89,297,975			90,697,983			79,230,014

Operating income (expense):
Ultragaz		353,522			35,567			255,935
Ipiranga		1,615,398			1,396,574			2,357,125
Oxiteno		(26,288	)		457,128			141,350
Ultracargo		78,834			124,720			75,042
Extrafarma		(724,398	)		(118,329	)		(37,721	)

		1,297,068			1,895,660			2,791,731
Others (1)		3,484			3,694			1,011

Total		1,300,552			1,899,354			2,792,742


	2019			2018			2017
Share of profit (loss) of joint-ventures and associates:
Ultragaz		(5	)		12			1,245
Ipiranga		1,790			576			1,212
Oxiteno		532			880			1,417
Ultracargo		1,370			1,350			1,578

		3,687			2,818			5,452
Others (1)		(15,832	)		(17,597	)		15,221

Total		(12,145	)		(14,779	)		20,673

Income before financial result, income and social contribution taxes		1,288,407			1,884,575			2,813,415
Financial result, net		(506,854	)		(113,536	)		(474,296	)

Income before income and social contribution taxes		781,553			1,771,039			2,339,119

Additions to PP&E and intangible assets (excluding intersegment account balances):
Ultragaz		249,784			245,069			244,187
Ipiranga		370,864			417,519			536,936
Oxiteno		255,016			473,026			466,967
Ultracargo		217,377			167,034			105,028
Extrafarma		89,850			118,577			171,183

		1,182,891			1,421,225			1,524,301
Others (1)		20,186			18,382			22,626

Total additions to PP&E and intangible assets (see Notes 14 and 15)		1,203,077			1,439,607			1,546,927
Asset retirement obligation – fuel tanks (see Note 21)		(290	)		(264	)		(537	)
Capitalized borrowing costs		(30,748	)		(23,438	)		(22,243	)

Total investments in PP&E and intangible assets (cash flow)		1,172,039			1,415,905			1,524,147

Payments of contractual assets with customers – exclusive rights (see Note 11):
Ipiranga		330,068			390,177			529,732


	2019		2018		2017
Depreciation of PP&E and amortization of intangible assets charges:
Ultragaz		186,221		222,527		182,833
Ipiranga		290,747		283,426		245,424
Oxiteno		212,328		167,357		153,110
Ultracargo		59,618		52,414		47,669
Extrafarma		80,550		71,552		60,856

		829,464		797,276		689,892
Others (1)		15,183		15,213		14,652

Total		844,647		812,489		704,544

Amortization of contractual assets with customers – exclusive rights (see Note 11):
Ipiranga		355,055		371,825		463,049
Ultragaz		195		—		—

		355,250		371,825		463,049

Amortization of right to use assets:
Ultragaz		31,264		—		—
Ipiranga		164,543		—		—
Oxiteno		9,676		—		—
Ultracargo		20,673		—		—
Extrafarma		73,774		—		—

		299,930		—		—
Others (1)		128		—		—

Total		300,058		—		—

Asset reclassification

Total assets (excluding intersegment account balances):
Ultragaz	2,998,623	2,719,425	2,408,600
Ipiranga	16,278,320	15,381,887	15,388,646
Oxiteno	7,453,476	7,452,331	6,557,456
Ultracargo	1,871,799	1,478,697	1,394,083
Extrafarma	2,060,182	2,107,901	1,948,808
	30,662,400	29,140,241	27,697,593
Others (1)	533,072	1,359,154	586,753
Total	31,195,472	30,499,395	28,284,346

(1)	Composed of the parent company Ultrapar (including goodwill of certain acquisitions) and Subsidiaries Serma—Associação dos Usuários de Equipamentos de Processamento de Dados e Serviços Correlatos (“Serma”) and Imaven Imóveis Ltda. It also includes the share of loss in the joint-venture ConectCar.

Fixed and intangible assets of the Company abroad

The fixed and intangible assets of the Company and its subsidiaries are located in Brazil, except those related to Oxiteno’ plants abroad, as shown below:


	12/31/2019		12/31/2018
United States of America		909,787		857,049
Mexico		124,809		124,037
Uruguay		74,732		72,345
Venezuela ( i )		0		2,427

		1,109,328		1,055,858

(

)

See Note 3.b.3.

Revenue from operations abroad

The subsidiaries generate revenue from operations in Brazil, United Stated of America, Mexico, Uruguay and Venezuela (

), as well as from exports of products to foreign customers, as disclosed below:


	2019		2018		2017
Net revenue from sale and services:
Brazil		87,927,198		89,183,342		77,986,363
Mexico		220,021		207,615		190,205
Uruguay		41,648		48,096		33,873
Venezuela ( i )		2,293		68,877		54,788
Other Latin American countries		418,368		425,973		427,875
United States of America and Canada		437,669		465,840		292,709
Far East		74,093		96,394		72,469
Europe		118,917		138,347		119,097
Others		57,768		63,499		52,635

Total		89,297,975		90,697,983		79,230,014

Sales to the foreign market are made substantially by the Oxiteno segment.

(

)

See Note 3.b.3.