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Right to Use Assets and Leases payable | 12 Months Ended
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Dec. 31, 2020
Presentation of leases for lessee [abstract] |
Right to use assets and leases payable | # 13. Right-of-u se as sets and l eases p ayable Some of the subsidiaries of the Company have real estate leases, substantially related to: (i) Ipiranga: fuel stations and distribution center; (ii) Extrafarma: pharmacies and distribution center; (iii) Ultragaz: points of sale and bottling base; (iv) Ultracargo: port areas; and (v) Oxiteno: industrial plant. Some subsidiaries also have lease agreements relating to vehicles. a. Right-of-u se a ssets
| Weighted average useful life (years) | Balance on 12/31/2019 |  |  | Additions and remeasurement |  |  | Write-offs |  |  | Effect of foreign currency exchange rate variation |  |  | Amortization |  |  | Balance on 12/31/2020 |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate | 10 | 2,068,254 |  |  | 259,244 |  |  | (78,529 | ) |  | 5,463 |  |  | - |  |  | 2,254,432 |
Port area (i) | 20 | 68,007 |  |  | 200,527 |  |  | - |  |  | - |  |  | - |  |  | 268,534 |
Vehicles | 4 | 91,868 |  |  | 55,616 |  |  | (7,893 | ) |  | 252 |  |  | - |  |  | 139,843 |
Equipment | 6 | 31,822 |  |  | 7,833 |  |  | (572 | ) |  | 5,853 |  |  | - |  |  | 44,936 |
Others | 20 | 27,846 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 27,846 |
|  | 2,287,797 |  |  | 523,220 |  |  | (86,994 | ) |  | 11,568 |  |  | - |  |  | 2,735,591 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  | (256,430 | ) |  | - |  |  | 46,282 |  |  | (697 | ) |  | (271,130 | ) |  | (481,975 | )
Port area (i) |  | - |  |  | - |  |  | - |  |  | - |  |  | (3,962 | ) |  | (3,962 | )
Vehicles |  | (27,492 | ) |  | - |  |  | 5,509 |  |  | 232 |  |  | (41,340 | ) |  | (63,091 | )
Equipment |  | (7,600 | ) |  | - |  |  | 572 |  |  | (1,996 | ) |  | (10,595 | ) |  | (19,619 | )
Others |  | (15,363 | ) |  | - |  |  | - |  |  | - |  |  | (1,295 | ) |  | (16,658 | )
|  | (306,885 | ) |  | - |  |  | 52,363 |  |  | (2,461 | ) |  | (328,322 | ) |  | (585,305 | )
Net amount |  | 1,980,912 |  |  | 523,220 |  |  | (34,631 | ) |  | 9,107 |  |  | (328,322 | ) |  | 2,150,286 |
| Weighted average useful life (years) | Adoption IFRS 16 |  |  | Additions and remeasurement |  |  | Write-offs |  |  | Transfer |  |  | Effect of foreign currency exchange rate variation |  |  | Amortization |  |  | Balance on 12/3 1/2019 |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate | 7 | 1,636,330 |  |  | 308,622 |  |  | (55,605 | ) |  | 98,043 |  |  | 80,930 |  |  | - |  |  | 2,068,320 |
Port area (i) | - | - |  |  | 68,007 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 68,007 |
Others | 4 | 95,097 |  |  | 26,235 |  |  | (1,981 | ) |  | 27,847 |  |  | 4,272 |  |  | - |  |  | 151,470 |
|  | 1,731,427 |  |  | 402,864 |  |  | (57,586 | ) |  | 125,890 |  |  | 85,202 |  |  | - |  |  | 2,287,797 |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate |  | - |  |  | - |  |  | 6,682 |  |  | - |  |  | 36 |  |  | (262,750 | ) |  | (256,032 | )
Others |  | - |  |  | - |  |  | 442 |  |  | (14,068 | ) |  | 81 |  |  | (37,308 | ) |  | (50,853 | )
|  | - |  |  | - |  |  | 7,124 |  |  | (14,068 | ) |  | 117 |  |  | (300,058 | ) |  | (306,885 | )
Net amount |  | 1,731,427 |  |  | 402,864 |  |  | (50,462 | ) |  | 111,822 |  |  | 85,319 |  |  | (300,058 | ) |  | 1,980,912 |
(i) Refers to the area port lease, which R$ 68,007 was paid by the Company’s subsidiaries in the fourth quarter of 2019 (see Note 34.c). The amortization expenses were recognized in the f inancial statements as shown below:
| 2020 |  | 2019 |  | 2018
Cost of products and services sold | 66,604 |  | 48,134 |  | 15,044
Selling and marketing | 257,846 |  | 244,974 |  | 8,920
General and administrative | 3,872 |  | 6,950 |  | 75,370
| 328,322 |  | 300,058 |  | 99,334
b. Lease s p ayable The changes in leases payable are shown below:
Balance as of December 31, 2018 | 46,066 |
Adoption IFRS 16 | 1,363,803 |
Interest accrued | 128,996 |
Payments | (321,716 | )
Additions and remeasurement | 334,857 |
Write-offs | (52,129 | )
Effect of foreign currency exchange rate variation | 88,796 |
Balance as of December 31, 2019 | 1,588,673 |
Interest accrued | 144,655 |
Payments | (360,787 | )
Additions and remeasurement | 484,121 |
Write-offs | (35,381 | )
Effect of foreign currency exchange rate variation | 12,007 |
Balance as of December 31, 2020 | 1,833,288 |
Current | 260,189 |
Non-current | 1,573,099 |
The future disbursements (installments) assumed under leases contracts are presented below:
| 12/31/2020
Up to 1 year | 396,010
From 1 to 2 years | 351,894
From 2 to 3 years | 316,195
From 3 to 4 years | 284,575
From 4 to 5 years | 256,429
More than 5 years | 1,129,281
Total | 2,734,384
The contracts related to the leases payable are substantially indexed by the IGP-M (General Market Price Index is a measure of Brazilian inflation, calculated by the Getúlio Vargas Foundation). The weighted average discount rates for the lease payable are presented below:
Maturity date of the contracts | Up to 5 years |  | From 5 to 10 years |  | From 10 to 15 years |  | More than 15 years
Weighted average discount rates (% p.a.) | 7.2 |  | 8.8 |  | 8.9 |  | 9.2
c. Lease contracts of low amount assets Subsidiaries Cia. Ultragaz, Bahiana, Extrafarma, Ipiranga, Serma and Oxiteno S.A. have operating lease contracts consider as low value, short term and variable payments for the use of factory and IT equipment’s, vehicles and real states. The subsidiaries have the option to purchase the assets referring to IT equipment at a price equal to the fair value on the date of option, and management does not intend to exercise such option. The future disbursements (payments), assumed as a result of these contracts amount approximately to:
| Up to 1 year |  | Between 1 and 5 years |  | More than 5 years |  | Total
12/31/2020 | 1,147 |  | 6,145 |  | - |  | 7,292
12/31/2019 | 3,474 |  | 6,028 |  | ‐ |  | 9,502
The amount of lease considered as of low value, short term and variable payments, recognized as an expense in 2020 was R$ 17,749 (R$ 11,400 in 2019 and R$ 11,386 in 2018).

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2019-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2019-03-27 + Details
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