Equity (Tables)

12 Months Ended

Dec. 31, 2021

Balance and changes in other reserves of the Company are as follows:

	Fair value of cash flow hedging instruments (i)		Fair value of financial instruments (ii)		Actuarial (loss) gain of post-employment benefits (iii)		Non-controlling shareholders interest change (iv)	Total
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		-		-	(477,506	)
IRPJ and CSLL on fair value	164,425		-		-		-	164,425
Actuarial loss of post-employment benefits	-		-		(7,725	)	-	(7,725	)
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	)
Changes in fair value of financial instruments	12,036		(672	)	-		-	11,364
IRPJ and CSLL on fair value	(4,060	)	-		-		-	(4,060	)
Actuarial gain of post-employment benefits of subsidiaries, net	-		-		49,550		-	49,550
IRPJ and CSLL on actuarial gains	-		-		(14,002	)	-	(14,002	)
Balance as of December 31, 2021	(601,301	)	(403	)	(17,803	)	197,369	(422,138	)

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

	2021		2020		2019
Initial balance	231,596		102,427		65,857
Currency translation adjustment of foreign subsidiaries	97,113		202,277		46,330
Effect of foreign currency exchange rate variation on financial instruments	(36,461	)	(110,770	)	(14,788	)
IRPJ and CSLL on foreign currency exchange rate variation on financial instruments	12,397		37,662		5,028
Final balance	304,645		231,596		102,427

Balances and changes in dividends payable are as follows:

Balance as of December 31, 2019	16,094
Provisions	710,206
Payments	(284,767	)
Balance as of December 31, 2020	442,133
Provisions	478,366
Prescribed dividends	(11,816	)
Payments	(705,753	)
Reclassification to liabilities of subsidiaries held for sale	(70	)
Balance as of December 31, 2021	202,860

The management proposal for the allocation of net income for 2021 and for distribution of dividends is as follow:

	12/31/2021
Allocation of net income
Net income for the year attributable to shareholders of Ultrapar	850,463
Legal reserve (5% of the net income)	42,523
Adjusted net income (basis for dividends)	807,940
Minimum mandatory dividends for the year (50% of the adjusted net income)	403,970
Total of distribution	403,970
Interim dividends (R$ 0.20 per share of the Company)	(218,074	)
Balance of proposed dividends (R$ 0.17 per share)	185,896
Allocation of dividends
Minimum mandatory dividends for the year (50% of the adjusted net income)	185,896
Balance of proposed dividends (R$ 0.17 per share)	185,896
Allocation of net income
Legal reserve (5% of the net income)	42,523
Minimum mandatory dividends for the year (50% of the adjusted net income)	403,970
Statutory reserve	403,970
Total distribution of net income for the year attributable to shareholders of Ultrapar	850,463