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Trade Payables
12 Months Ended
Dec. 31, 2022
Trade payables  
Trade Payables

 

a. Trade payables

 

 

12/31/2022


 

12/31/2021


Domestic suppliers

2,777,021


 

3,010,912


Foreign suppliers

1,674,287


 

445,805


Trade payables - related parties (see Note 9.a.2)

259,644


 

214,178


 

4,710,952


 

3,670,895


 

Some Company’s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries. These suppliers control almost all the markets for these products in Brazil.

 

b. Trade payables - reverse factoring 

 

 

12/31/2022


 

12/31/2021


Domestic suppliers - reverse factoring

2,429,497


 

1,948,033


Trade payables - reverse factoring - related parties (see Note 9.a.2)

-


 

89,339


Foreign suppliers - reverse factoring

237,397


 

81,687


 

2,666,894


 

2,119,059


 

Some subsidiaries of the Company entered into agreements with financial institutions. These agreements consist in the anticipation of the receipt of trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier and receives, on the maturity date originally celebrated between company and supplier, the amount payable by the subsidiaries of the Company without incidence of interest. The decision to join this type of transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. The transactions are presented in operating activities in the statement of cash flows.