XML 56 R37.htm IDEA: XBRL DOCUMENT v3.23.1
Segment information
12 Months Ended
Dec. 31, 2022
Segment information  
Segment information

 

The Company has three relevant business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment (Ultracargo) operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil. The digital payments segment (Abastece aí) offers digital payments services, combining the “abastece aí” app and the loyalty program “Km de Vantagens”. In 2022, Ultrapar has ceased to present abastece aí as a separate segment, due to the small relevance of this business relative to the overall results of the Company. The segments shown in the financial statements are strategic business units supplying different products and services. Intersegment sales are done considering the conditions negotiated between the parts.

 

a. Financial information related to segments

 

The main financial information of each of the continuing operations of the Company’s segments is as follows. For information on the discontinued operations, see Note 4.c.2:

 

2022


Results

Ipiranga



Ultragaz



Ultracargo



Others (1) (2)



Subtotal



Eliminations



Total


 

Net revenue from sales and services

131,337,966



11,483,398



867,148



218,770



143,907,282



(272,574

)

143,634,708


Transactions with third parties

131,253,637



11,480,697



684,350



216,024



143,634,708



-



143,634,708


Intersegment transactions

84,329



2,701



182,798



2,746



272,574



(272,574

)

-


Cost of products and services sold

(126,569,490

)

(9,446,354

)

(340,621

)

(185,914

)

(136,542,379

)

266,122



(136,276,257

)

Gross profit

4,768,476



2,037,044



526,527



32,856



7,364,903



(6,452

)

7,358,451


Operating income (expenses)

 



 



 



 



 



 



 


Selling and marketing

(1,552,636

)

(576,087

)

(12,701

)

(561

)

(2,141,985

)

-



(2,141,985

)

General and administrative

(828,753

)

(257,315

)

(134,208

)

(320,657

)

(1,540,933

)

6,452



(1,534,481

)

Gain (loss) on disposal of property, plant and equipment and intangible assets

168,709



(1,381

)

(887

)

2,848



169,289



-



169,289


Other operating income (expenses), net

(525,966

)

6,235



3,330



1,879



(514,522

)

-



(514,522

)

Operating income (loss)

2,029,830



1,208,496



382,061



(283,635

)

3,336,752



-



3,336,752


Share of profit (loss) of subsidiaries, joint ventures and associates

(10,052

)

13



(3,880

)

26,100



12,181



-



12,181


Income (loss) before financial result and income and social contribution taxes

2,019,778



1,208,509



378,181



(257,535

)

3,348,933



-



3,348,933


Depreciation of PP&E and amortization of intangible assets

353,962



239,204



94,337



44,738



732,241



-



732,241


Amortization of contractual assets with customers - exclusivity rights

503,751



1,502



-



-



505,253



(346

)

504,907


Amortization of right-of-use assets

191,178



56,177



37,124



3,940



288,419



-



288,419


Total depreciation and amortization

1,048,891



296,883



131,461



48,678



1,525,913



(346

)

1,525,567





2021



Income

Ipiranga



Ultragaz



Ultracargo



Abastece aí



Subtotal



Others (1) (4)

Eliminations



Total


 

Net revenue from sales and services

99,382,617



9,744,659



713,096



84,733



109,925,105



22,452

(214,715)



109,732,842



Transactions with third parties

99,382,547



9,740,657



518,762



84,733



109,726,699



6,143

-



109,732,842



Intersegment transactions

70



4,002



194,334



-



198,406



16,309

(214,715

)

-



Cost of products and services sold

(96,110,408

)

(8,626,340

)

(285,406

)

-



(105,022,154

)
70

194,118



(104,827,966

)

Gross profit

3,272,209



1,118,319



427,690



84,733



4,902,951



22,522

(20,597

)

4,904,876



Operating income (expenses)























Selling and marketing

(1,409,350

)

(438,697

)

(9,213

)

(71,345

)

(1,928,605

)
(6,184 )

-



(1,934,789

)
Loss allowance (reversion) for expected credit losses 23,536

(20,482 )
69

-

3,123

-

-

3,123

General and administrative

(846,441)



(202,002

)

(127,117

)

(113,544

)

(1,289,104

)
(198,044 )

20,597



(1,466,551

)

Gain (loss) on disposal of property, plant and equipment and intangible assets

183,862



2,138



(1,754

)

(9

)

184,237



(48 )

-



184,189



Other operating income (expenses), net

74,574



10,976



3,876



5,159



94,585



1,581

-



96,166



Operating income (loss)

1,298,390



470,252



293,551



(95,006

)

1,967,187



(180,173 )

-



1,787,014



Share of profit (loss) of subsidiaries, joint ventures and associates

(859

)

(104

)

602



-



(361

)
(17,273 )

-



(17,634

)

Operating income before finance income (expenses) and income and social contribution taxes

1,297,531



470,148



294,153



(95,006

)

1,966,826



(197,446 )

-



1,769,380



Depreciation of PP&E and amortization of intangible assets

325,942



211,014



76,421



14,365



627,742



25,376

-



653,118



Amortization of contractual assets with customers - exclusivity rights

280,975



1,546



-



-



282,521



-

-



282,521



Amortization of right-of-use assets

182,245



46,579



25,440



267



254,531



6,185

-



260,716



Total of depreciation and amortization

789,162



259,139



101,861



14,632



1,164,794



31,561

-



1,196,355




2020 


Income

Ipiranga



Ultragaz



Ultracargo



Abastece aí

Subtotal Segments



Others (1) (4)



Elimination



Total



Net revenue from sales and services

66,133,035



7,408,342



644,177



17,223

74,202,777



48,325



(193,046

)

74,058,056


Transactions with third parties

66,132,828



7,403,632



504,725



17,223

74,058,408



352



-



74,058,056


Intersegment transactions

207



4,710



139,452



-

144,369



48,677



(193,046

)

-


Cost of products and services sold

(63,609,871

)

(6,310,157

)

(270,010

)
-

(70,190,038

)

207



133,384



(70,056,447

)

Gross profit

2,523,164



1,098,185



374,167



17,223

4,012,739



48,532



(59,662

)

4,001,609


Operating income (expenses)

 



 



 






 



 



 



 


Selling and marketing

(1,164,779

)

(404,776

)

(7,278

)
(13,945 )

(1,590,778

)

(5,093

)

-



(1,595,871

)

Loss allowance (reversion) for expected credit losses

2,863



(18,514

)

370



-

(15,281

)

-



-



(15,281

)

General and administrative

(568,963

)

(196,883

)

(122,965

)
(33,164 )

(921,975

)

(131,673

)

59,662



(993,986

)

Gain (loss) on disposal of property, plant and equipment and intangibles

78,952



7,936



(1,433

)
-

85,455



-



-



85,455


Other operating income, net

44,195



8,265



8,898



920

62,278



1,756



-



64,034


Operating income (loss)

915,432



494,213



251,759



(28,966 )

1,632,438



(86,478

)

-



1,545,960


Share of profit (loss) of subsidiaries, joint ventures and associates

(932

)

(53

)

392



-

(593

)

(43,438

)

-



(44,031

)

Operating income before finance income (expenses) and income and social contribution taxes

914,500



494,160



252,151



(28,966 )

1,631,845



(129,916)



-



1,501,929


Depreciation of PP&E and amortization of intangible assets charges

314,511



192,241



65,838



4,053

576,643



18,888



-



595,531


Amortization of contractual assets with customers – exclusive rights

287,800



1,636



-



-

289,436



-



-



289,436


Amortization of right-of-use assets

177,039



41,015



19,482



40

237,576



5,094



-



242,670


Total of depreciation and amortization

779,350



234,892



85,320



4,093

1,103,655



23,982



-



1,127,637


 

(1) Includes in the line “General and administrative” and revenue on disposal of PP&E and intangibles the amount of R$ 157,621 in 2022 (R$ 154,640 in 2021 and R$ 87,363 in 2020) of expenses related to Ultrapar's holding structure, including the Presidency, Financial Board, Legal Board, Board of Directors and Fiscal Council, Risk, Compliance and Audit Board and Sustainability Board.
(2)

The “Others” column consists of financial income and expenses, income and social contribution taxes of the segments, the parent company Ultrapar and subsidiaries Abastece aí, Millenium, Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint ventures of ConectCar, until June 30, 2021, and RPR. In 2022, Ultrapar has ceased to present Abastece Aí as a separate segment,due to the small relevance of this business relative to the overall results of the Company. 


12/31/2022


Main indicators - Cash flows

Ipiranga



Ultragaz



Ultracargo



Others (3)



Subtotal Segments



Eliminations



Total


Acquisition of property, plant and equipment

426,861



318,750



175,984



6,641



929,236



-



929,236


Capitalized interest and other items included in property, plant and equipment and provision for ARO

32,628



-



-



-



32,628



-



32,628


Acquisition of intangible assets

194,385



38,876



9,125



35,214



277,600



-



277,600


Payments of contractual assets with customers - exclusivity rights

769,119



-



-



-



769,119



-



769,119


Decarbonization credits (note 16)

635,130



-



-



-



635,130



-



635,130


 

12/31/2021


Main indicators - Cash flows

Ipiranga



Ultragaz



Ultracargo



Abastece aí

Others (3)



Subtotal Segments



Eliminations



Total


Acquisition of property, plant and equipment

386,693



336,871



298,272



636

5,947



1,028,419



-



1,028,419


Capitalized interest and other items included in property, plant and equipment and provision for ARO

7,683



-



2,782






-



10,465



-



10,465


Acquisition of intangible assets

156,498



30,150



15,819



34,824

197



237,488



-



237,488


Payments of contractual assets with customers - exclusivity rights

420,261



-



-






-



420,261



-



420,261


Decarbonization credits (note 16)

176,837



-



-






-



176,837



-



176,837



  12/31/2020 


Main indicators - Cash flows

Ipiranga



Ultragaz



Ultracargo



Abastece aí



Others (3)



Subtotal Segments

Elimination



Total


 

Acquisition of property, plant, and equipment

245,980



276,470



211,287



5,149



11,732



750,618

-



750,618


Acquisition of intangible assets

85,337



32,613



5,596



10,285



20,703



154,534

-



154,534


Payments of contractual assets with customers – exclusive rights

351,233



4,812



-



-



-



356,045

-



356,045


Decarbonization credits (see Note 16)

125,345



-



-



-



-



125,345

-



125,345



12/31/2022


Assets

Ipiranga



Ultragaz



Ultracargo



Others (3)



Subtotal Segments



Discontinued operations



Total


Total assets (excluding intersegment transactions)

23,342,826



4,281,857



3,045,407



5,770,913



36,441,003



-



36,441,003


 

12/31/2021


Assets

Ipiranga



Ultragaz



Ultracargo



Abastece aí

Others (3)



Subtotal Segments



Discontinued operations



Total


Total assets (excluding intersegment transactions)

21,050,793



3,233,736



2,675,453



152,212

897,246



28,009,440



11,000,917



39,010,357



(3)

The “Others” column comprises the parent company Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Millenium, Serma, Imaven, Ultrapar International, UVC Investimentos and UVC - Fundo de investimento.

(4) The “Others” column consists of financial income and expenses, income and social contribution taxes of the segments, the parent company Ultrapar and subsidiaries Abastece aí, Millenium, Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint ventures of ConectCar, until June 30, 2021, and RPR.

 

b. Geographic area information

 

The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below: 

 

 

2022



2021



2020


Net revenue from sales and services:

 



 



 


Brazil

140,801,146



109,598,146



73,941,162


Europe

607,416



18,876



34,460


Singapore

359,250



-



-


United States of America and Canada

1,785,413



35,279



29,935


Other Latin American countries

73,351



69,523



45,356


Others

8,132



11,018



7,143


Total

143,634,708



109,732,842



74,058,056