Investments (Tables)

12 Months Ended

Dec. 31, 2020

Balances and changes in joint ventures are as follows:

	União Vopak		RPR		ConectCar		Latitude Logística	Navegantes Logística		Nordeste Logística I		Nordeste Logística II		Nordeste Logística III	Total
Balance as of December 31, 2017	6,096		54,739		61,226		‐	‐		‐		‐		‐	122,061
Capital increase	-		-		31,908		‐	‐		‐		‐		‐	31,908
Valuation adjustments	-		(3,704	)	‐		‐	‐		‐		‐		‐	(3,704	)
Dividends	-		(32,065	)	‐		‐	‐		‐		‐		‐	(32,065	)
Share of profit (loss) of joint ventures	1,350		1,148		(18,744	)	‐	‐		‐		‐		‐	(16,246	)
Balance as of December 31, 2018	7,446		20,118		74,390		‐	‐		‐		‐		‐	101,954
Capital increase	‐		‐		35,000		10,351	23,581		1,930		4,183		4,079	79,124
Valuation adjustments	‐		(7,771	)	‐		‐	‐		‐		‐		‐	(7,771	)
Dividends	(1,474	)	(4,295	)	‐		‐	‐		‐		‐		‐	(5,769	)
Share of profit (loss) of joint ventures	1,370		10,740		(26,572	)	‐	‐		‐		‐		‐	(14,462	)
Balance as of December 31, 2019	7,342		18,792		82,818		10,351	23,581		1,930		4,183		4,079	153,076
Capital increase	-		-		20,000		-	-		303		3,894		5,006	29,203
Capital reduction (i)	-		-		-		-	(363	)	-		-		-	(363	)
Valuation adjustments	-		1,065		-		-	-		-		-		-	1,065
Dividends	-		(165	)	-		-	-		-		-		-	(165	)
Share of profit (loss) of joint ventures	392		(21,788	)	(21,638	)	-	(1,594	)	(1,409	)	(401	)	626	(45,812	)
Transfer to provision for short-term liabilities	-		2,096		-		-	-		-		-		-	2,096
Balance as of December 31, 2020	7,734		-		81,180		10,351	21,624		824		7,676		9,711	139,100

	Provision for short-term liabilities
	Provision for short-term liabilities
	RPR
Balance as of December 31, 2019	-
Transfer to provision for short-term liabilities	2,096
Balance as of December 31, 2020	2,096

The table below presents the statements of financial position and statements of profit or loss of joint ventures:

	12/31/2020
	União Vopak		RPR		ConectCar		Navegantes Logística		Nordeste Logística I		Nordeste Logística II		Nordeste Logística III
Current assets	8,510		291,720		161,371		24,691		972		18,531		21,513
Non-current assets	9,796		171,270		169,843		166,389		6,021		18,005		30,503
Current liabilities	2,698		363,388		168,854		8		4		5		6
Non-current liabilities	140		105,912		-		126,201		4,516		13,504		22,877
Equity	15,468		(6,310	)	162,360		64,871		2,473		23,027		29,133
Net revenue from sales and services	15,666		1,455,668		91,096		-		-		-		-
Costs, operating expenses and income	(14,408	)	(1,531,652	)	(134,961	)	(3,480	)	(4,225	)	(1,203	)	1,878
Net finance income and income and social contribution taxes	(474	)	10,361		589		(1,301	)	-		-		-
Net income (loss)	784		(65,623	)	(43,276	)	(4,781	)	(4,226	)	(1,203	)	1,878
Number of shares or units held	29,995		5,078,888		248,768,000		22,298,195		681,637		3,933,265		4,871,241
% of capital held	50		33		50		33		33		33		33

	12/31/2019
	União Vopak		RPR		ConectCar
Current assets	6,818		428,880		159,972
Non-current assets	9,182		133,565		161,817
Current liabilities	1,116		418,289		155,542
Non-current liabilities	200		87,562		612
Equity	14,684		56,594		165,635
Net revenue from sales and services	15,400		2,156,432		80,387
Costs, operating expenses and income	(12,083	)	(2,130,323	)	(136,764	)
Net finance income and income and social contribution taxes	(577	)	6,237		3,234
Net income (loss)	2,740		32,346		(53,143	)
Number of shares or units held	29,995		5,078,888		228,768,000
% of capital held	50		33		50

	12/31/2018
	União Vopak		RPR		ConectCar
Net revenue from sales and services	16,938		2,092,548		57,506
Costs, operating expenses and income	(13,154	)	(2,083,592	)	(114,336	)
Net finance income and income and social contribution taxes	(1,084	)	(261	)	19,343
Net income (loss)	2,700		8,695		(37,487	)
Number of shares or units held	29,995		5,078,888		193,768,000
% of capital held	50		33		50

The percentages in the table above are rounded.

Balances and changes in associates are as follows:

	Transportadora Sulbrasileira de Gás S.A.		Oxicap Indústria de Gases Ltda.	Química da Bahia Indústria e Comércio S.A.		Metalúrgica Plus S.A.		Plenogás Distribuidora de Gás S.A.		Total
Balance as of December 31, 2017	6,348		14,458	3,618		340		577		25,341
Capital reduction	(1,250	)	-	-		-		-		(1,250	)
Dividends	(984	)	-	-		-		(236	)	(1,220	)
Share of profit (loss) of associates	575		908	(28	)	(112	)	124		1,467
Balance as of December 31, 2018	4,689		15,366	3,590		228		465		24,338
Dividends	(818	)	-	-		-		(87	)	(905	)
Share of profit (loss) of associates	1,790		568	(36	)	(90	)	85		2,317
Balance as of December 31, 2019	5,661		15,934	3,554		138		463		25,750
Dividends	(2,357	)	-	-		-		-		(2,357	)
Share of profit (loss) of associates	1,846		414	(12	)	(91	)	38		2,195
Balance as of December 31, 2020	5,150		16,348	3,542		47		501		25,588

The table below presents the statements of financial position and statements of profit or loss of associates:

	12/31/2020
	Transportadora Sulbrasileira de Gás S.A.		Oxicap Indústria de Gases Ltda.		Química da Bahia Indústria e Comércio S.A.		Metalúrgica Plus S.A.		Plenogás Distribuidora de Gás S.A.
Current assets	10,570		65,136		47		58		352
Non-current assets	12,822		77,339		10,146		414		2,196
Current liabilities	2,189		26,116		-		28		154
Non-current liabilities	602		7,994		3,109		302		890
Equity	20,601		108,365		7,084		142		1,504
Net revenue from sales and services	14,295		58,677		-		-		-
Costs, operating expenses and income	(6,475	)	(54,163	)	(24	)	(212	)	396
Net finance income and income and social contribution taxes	(437	)	(1,770	)	-		(60	)	(39	)
Net income (loss)	7,383		2,744		(24	)	(272	)	357
Number of shares or units held	20,124,996		1,987		1,493,120		3,000		1,384,308
% of capital held	25		15		50		33		33

	12/31/2019
	Transportadora Sulbrasileira de Gás S.A.		Oxicap Indústria de Gases Ltda.		Química da Bahia Indústria e Comércio S.A.		Metalúrgica Plus S.A.		Plenogás Distribuidora de Gás S.A.
Current assets	12,172		45,178		71		40		151
Non-current assets	14,041		84,705		10,147		703		2,440
Current liabilities	2,944		11,041		-		25		34
Non-current liabilities	626		9,634		3,110		302		1,167
Equity	22,643		109,208		7,108		416		1,390
Net revenue from sales and services	12,348		43,463		-		-		-
Costs, operating expenses and income	(4,815	)	(36,791	)	(84	)	(213	)	285
Net finance income and income and social contribution taxes	(157	)	(2,483	)	12		(57	)	(29	)
Net income (loss)	7,376		4,189		(72	)	(270	)	256
Number of shares or units held	20,124,996		1,987		1,493,120		3,000		1,384,308
% of capital held	25		15		50		33		33

	12/31/2018
	Transportadora Sulbrasileira de Gás S.A.		Oxicap Indústria de Gases Ltda.		Química da Bahia Indústria e Comércio S.A.		Metalúrgica Plus S.A.		Plenogás Distribuidora de Gás S.A.
Net revenue from sales and services	10,595		53,288		-		-		-
Costs, operating expenses and income	(7,957	)	(43,814	)	(78	)	(266	)	399
Net finance income and income and social contribution taxes	(211	)	(3,453	)	22		(69	)	(27	)
Net income (loss)	2,427		6,021		(56	)	(335	)	372
Number of shares or units held	20,124,996		1,987		1,493,120		3,000		1,384,308
% of capital held	25		15		50		33		33