Equity (Tables)

12 Months Ended

Dec. 31, 2020

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

	Fair value of cash flow hedging instruments (i)		Fair value of financial instruments (ii)		Actuarial gains (losses) of post-employment benefits (iii)		Non- controlling shareholders interest change (iv)	Total
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	)
IRPJ and CSLL on fair value	110,058		-		-		-	110,058
Actuarial loss 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		‐		‐	(76,001	)
IRPJ and CSLL on fair value	23,683		‐		‐		‐	23,683
Actuarial loss of post-employment benefits	‐		‐		(41,794	)	‐	(41,794	)
Income and social contribution taxes on actuarial losses	‐		‐		11,784		‐	11,784
Balance as of December 31, 2019	(296,132	)	205		(47,759	)	197,369	(146,317	)
Changes in fair value of financial instruments	(477,570	)	64		-		-	(477,507	)
IRPJ and CSLL on fair value	164,425		-		-		-	164,425
Actuarial loss of post-employment benefits	-		-		(7,725	)	-	(7,724	)
Income and social contribution taxes on actuarial losses	-		-		2,133		-	2,133
Balance as of December 31, 2020	(609,277	)	269		(53,351	)	197,369	(464,990	)

(i) See Note 25.g.1.ii above.
(ii) See Note 25.g.1.iii above.
(iii) See Note 25.g.1.i above.
(iv) See Note 25.g.1.iv above.

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

	2020		2019		2018
Initial balance	102,427		65,857		53,061
Currency translation adjustment of foreign subsidiaries	202,277		46,330		52,531
Effect of foreign currency exchange rate variation on financial instruments	(110,770	)	(14,788	)	(60,204	)
IRPJ and CSLL on foreign currency exchange rate variation on financial instruments	37,662		5,028		20,469
Final balance	231,596		102,427		65,857

Balances and changes in dividends payable are as follows:

The management proposal for the allocation of net income for 2020 and for distribution of dividends is as follow:

	12/31/2020
Allocation of net income
Net income for the period attributable to shareholders of Ultrapar	893,383
Legal reserve (5% of the net income)	44,669
Adjusted net income (basis for dividends)	848,714
Minimum mandatory dividends for the period (50% of the adjusted net income)	424,357
Additional dividends to minimum mandatory dividends	55,391
Legal reserve (5% of the net income)	44,669
Investments statutory reserve	368,966
Total allocation of net income	893,383
Allocation of dividends
Minimum mandatory dividends for the period (50% of the adjusted net income)	424,357
Additional dividends to minimum mandatory dividends	55,391
Total allocation (R$ 0.44 per share)	479,748