XML 76 R51.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Loans, financing, debentures and derivative financial instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Loans, financing, debentures and derivative financial instruments |
Summary of Compostion of loans | a. Composition
Description | Index/Currency | Average financial charges | Maturity | 12/31/2023 |  |  | 12/31/2022 |
Foreign curency: |  |  |  |  |  |  |  |
Notes in the foreign market (e) | USD | 5.30% | 2026 and 2029 | 3,694,339 |  |  | 3,973,816 |
Foreign loan (f) | USD | 4.60% | 2024 and 2025 | 1,018,429 |  |  | 1,161,798 |
Foreign loan (f) | JPY | 1.30% | 2025 | 439,852 |  |  | - |
Foreign loan (f) | EUR | 4.40% | 2024 | 126,171 |  |  | 54,542 |
Total in foreign currency |  |  |  | 5,278,791 |  |  | 5,190,156 |
Brazilian Reais: |  |  |  |  |  |  |  |
Debentures – CRA (d) | IPCA + | 5.10% | 2024 and 2032 | 3,434,287 |  |  | 3,011,462 |
Debentures – CRA (d) | %DI | 97.50% | 2023 | - |  |  | 660,485 |
Debentures - Ultracargo | IPCA + | 4.10% | 2028 | 556,677 |  |  | 482,185 |
CCB (g) | %DI | 109.40% | 2025 | 552,407 |  |  | - |
Debentures – CRA (d) | Fixed rate | 11.20% | 2027 | 539,914 |  |  | - |
Debentures – CRA (d) | DI+ | 0.70% | 2027 | 488,269 |  |  | - |
CDCA (g) | % DI | 108.60% | 2024 | 201,848 |  |  | - |
Debentures – Ultracargo Logística (d) | Fixed rate | 6.50% | 2024 | 87,826 |  |  | 81,548 |
FINEP | TJLP (1) | 1.00% | 2024 and 2026 | 1,264 |  |  | - |
Debentures - 6th issuance(d) | %DI | 0.00% | 2023 | - |  |  | 1,800,213 |
Total in Brazilian Reais |  |  |  | 5,862,492 |  |  | 6,035,893 |
Total in foreign currency and Brazilian Reais |  |  |  | 11,141,283 |  |  | 11,226,049 |
Derivative financial instruments (*) |  |  |  | 626,734 |  |  | 524,312 |
Total |  |  |  | 11,768,017 |  |  | 11,750,361 |
Current |  |  |  | 1,993,254 |  |  | 3,360,677 |
Non-current |  |  |  | 9,774,763 |  |  | 8,389,684 |
(*) | Accumulated losses (see Note 26.g).
(1) | TJLP (Long-term Interest Rate) = set by the National Monetary Council, the TJLP is the basic financing cost of Banco Nacional de Desenvolvimento Econômico e Social (“BNDES”), the Brazilian Development Bank. On December 31, 2023, TJLP was fixed at 6.55% p.a. (7.20% p.a in 2022 and 5.32% p.a in 2021).
Summary Of Changes In Loans Debentures And Derivatives | The changes in loans, financing, debentures and derivative financial instruments are shown below:
Balance as of December 31, 2020 | 17,376,216 |
New loans and debentures with cash effect | 1,462,220 |
Interest accrued | 801,102 |
Principal payment | (2,922,214 | )
Interest payment | (749,043 | )
Monetary and exchange rate variation | 800,749 |
Change in fair value | (229,657 | )
Hedge result | 80,018 |
Reclassification to liabilities held for sale | (241,748 | )
Balance as of December 31, 2021 | 16,377,643 |
New loans with cash effect | 1,519,580 |
Interest accrued | 945,023 |
Principal payment | (5,848,611 | )
Interest payment | (914,979 | )
Monetary and exchange rate variation | (587,064 | )
Change in fair value | (68,366 | )
Hedge result | 327,135 |
Balance as of December 31, 2022 | 11,750,361 |
New loans (d; e; f) | 2,903,031 |
Interest accrued | 761,052 |
Principal payment | (3,149,525 | )
Interest payment | (742,724 | )
Balance of acquired company (see Note 28) | 111,328 |
Monetary and exchange rate variation | (319,488 | )
Change in fair value | 351,560 |
Hedge result | 102,422 |
Balance as of December 31, 2023 | 11,768,017 |
Summary of Principal Maturity Schedule | The long-term debt had the following principal maturity schedule:
| 12/31/2023 |  |  | 12/31/2022 |
1 to 2 years | 1,879,412 |  |  | 817,898 |
2 to 3 years | 2,243,967 |  |  | 782,965 |
3 to 4 years | 1,023,820 |  |  | 2,268,647 |
4 to 5 years | 1,691,595 |  |  | - |
More than 5 years | 2,935,969 |  |  | 4,520,174 |
| 9,774,763 |  |  | 8,389,684 |
Summary of Transaction Costs | Transaction costs incurred in issuing debt were deducted from the value of the related contracted financing and are recognized as an expense according to the effective interest rate method as follows:
| Debentures |  |  | Notes in the foreign market |  |  | Banco do Brasil |  |  | Promissory notes |
12/31/2020 | 28,348 |  |  | 37,112 |  |  | 332 |  |  | 1,318 |
Incurred costs | 40,953 |  |  | - |  |  | - |  |  | - |
Payments | (14,811 | ) |  | (4,890 | ) |  | (256 | ) |  | (1,318 | )
Reclassification to liabilities held for sale | - |  |  | (4,204 | ) |  | - |  |  | - |
12/31/2021 | 54,490 |  |  | 28,018 |  |  | 76 |  |  | - |
Incurred costs | 30,420 |  |  | - |  |  | - |  |  | - |
Payments | (16,742 | ) |  | (15,613 | ) |  | (76 | ) |  | - |
12/31/2022 | 68,168 |  |  | 12,405 |  |  | - |  |  | - |
Incurred costs | 23,569 |  |  | - |  |  | - |  |  | - |
Payments | (17,337 | ) |  | (2,289 | ) |  | - |  |  | - |
12/31/2023 | 74,400 |  |  | 10,116 |  |  | - |  |  | - |
Summary of Appropriated Profit or Loss in The Future | The amount to be appropriated to profit or loss in the future is as follows:
| 12/31/2023 |
Up to 1 year | 18,583 |
1 to 2 years | 17,685 |
2 to 3 years | 17,336 |
3 to 4 years | 13,624 |
4 to 5 years | 8,277 |
More than 5 years | 9,011 |
Total | 84,516 |
Summary of Debentures | Refers to funds raised by the Company and its subsidiaries and used, substantially, on the ordinary course of its business.
Issuance date | Nature | Company | Issuing company | Issuance | Series | Final Maturity | Amount | Original remuneration | Hedge instrument/ swap | Remuneration payment | Payment of the face value
Apr-17 | CRA | Ipiranga Prod. De Petróleo S.A. | Eco Consult - Consultoria de Oper. Financ. Agropecuárias Ltda. | 5th | 2 nd | Apr-24 | R$ 352,361 | IPCA + 4.68% | 93.9% of DI | Annually | Lump sum at final maturity
Oct-17 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 7 th | 2 nd | Oct-24 | R$ 213,693 | IPCA + 4.34% | 97.3% of DI | Annually | Lump sum at final maturity
Dec-18 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 8th | 2 nd | Dec-25 | R$ 240,000 | IPCA + 4.61% | 97.1% of DI | Annually | Lump sum at final maturity
Nov-19 | Debentures | Ultracargo Logistica S.A. | - | 1st | Single | Nov-24 | R$ 90,000 | 6.47% | 99.94% of DI | Semiannually | Lump sum at final maturity
Mar-21 | Debentures | Ultracargo Soluções Logísticas S.A. | - | 1 st | Single | Mar-28 | R$ 360,000 | IPCA + 4.04% | 111.4% of DI | Semiannually | Lump sum at final maturity
Mar-21 | Debentures | Ultracargo Logistica S.A. | -. | 2 nd | Single | Mar-28 | R$ 100,000 | IPCA + 4.37% | 111.4% of DI | Semiannually | Lump sum at final maturity
Sep-21 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 10 th | Single | Sep-28 | R$ 960,000 | IPCA + 4.8287% | 102.75% of DI | Semiannually | Lump sum at final maturity
Jun-22 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 11th | Single | Jun-32 | R$ 1,000,000 | IPCA + 6.0053% | 104.8% of DI | Semiannually | Anual from the 8th yearth
Jun-23 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 12th | 1 st | Jun-27 | R$ 325,791 | 11.17% p.a. | 105.1% of DI | Quarterly | Lump sum at final maturity
Jun-23 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 12 th | 2 nd | Jun-27 | R$ 292,209 | DI + 0.70% p.a. | - | Quarterly | Lump sum at final maturity
Jul-23 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 13th | 1 st | Jul-27 | R$ 200,000 | 11.17% p.a. | 102.9% of DI | Quarterly | Lump sum at final maturity
Jul-23 | CRA | Ipiranga Prod. De Petróleo S.A. | Vert Companhia Securitizadora. | 13 th | 2 nd | Jul-27 | R$ 200,000 | DI + 0.70% p.a. | - | Quarterly | Lump sum at final maturity
Summary of debentures maturity dates distribution | The debentures have maturity dates distributed as shown below (includes accrued interest through December 31, 2023):
Maturity | 12/31/2023 |
Charges (1) | 191,959 |
Apr/2024 | 491,882 |
Oct/2024 | 295,933 |
Nov/2024 | 90,000 |
Dec/2025 | 317,934 |
Jun/2027 | 618,000 |
Jul/2027 | 400,000 |
Mar/2028 | 550,621 |
Sept/2028 | 1,101,274 |
Jun/2030 | 349,790 |
Jun/2031 | 349,790 |
Jun/2032 | 349,790 |
Total | 5,106,973 |
(1) | Includes interest, transaction cost and mark to market.
Summary of foreign loans | Refers to funds raised by subsidiaries through Resolution 4131 of Central Bank of Brasil, as shown below:
Issuance Date | Company | Due date | Principal | Financial charges | Hedge instrument/swap
Dec-22 | Cia Ultragaz S.A. | Sep-25 | USD 96,339 | 4.539% | 108.5 of DI
Jan-23 | Iconic Lubrificantes S.A. | Jan-24 | EUR 22,480 | EUR + 4.35% | 111.9% of DI
Jan-23 | Cia Ultragaz S.A. | Mar-25 | JPY 12,564,392 | JPY + 1.31% | 109.4% of DI
Mar-23 | Cia Ultragaz S.A. | Jul-24 | USD 100,000 | USD + 4.6% | 110.9% of DI
Mar-23 | Iconic Lubrificantes S.A. | Apr-24 | USD 9,727 | USD + 6.4% | 116.0% of DI
Summary of Foreign Loan Maturity | The foreign loans have the maturity distributed as follows:
Maturity | EUR |  |  | USD |  |  | JPY |  |  | R$ |  |  | Cost in % of DI |
Charges (1) | 1,138 |  |  | 3,945 |  |  | 149,726 |  |  | 30,314 |  |  |  |
Jan/2024 | 22,438 |  |  | - |  |  | - |  |  | 120,080 |  |  | 111.9 | %
Apr/2024 | - |  |  | 9,788 |  |  | - |  |  | 47,387 |  |  | 116.0 | %
Jul/2024 | - |  |  | 99,923 |  |  | - |  |  | 483,757 |  |  | 110.9 | %
Mar/2025 | - |  |  | - |  |  | 12,703,925 |  |  | 434,728 |  |  | 109.4 | %
Sept/2025 | - |  |  | 96,707 |  |  | - |  |  | 468,186 |  |  | 108.5 | %
Total / weighted average cost | 23,576 |  |  | 210,363 |  |  | 12,853,651 |  |  | 1,584,452 |  |  | 110.0 | %
(1) | Considers interest, transaction cost and fair value adjustments.

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of amount to be appropriated profit or loss in future. + References No definition available. + Details
Name: | ugp_SummaryOfAppropriatedProfitOrLossInFutureTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in loans, financing, debentures and derivative financial instruments. + References No definition available. + Details
Name: | ugp_SummaryOfChangesInLoansDebenturesAndDerivativesTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debentures. + References No definition available. + Details
Name: | ugp_SummaryOfDebenturesTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of foreign loan maturity. + References No definition available. + Details
Name: | ugp_SummaryOfForeignLoanMaturityTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of foreign loans. + References No definition available. + Details
Name: | ugp_SummaryOfForeignLoansTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of debentures maturity dates distribution. + References No definition available. + Details
Name: | ugp_SummaryOfLoanAndDebentureMaturityDistributionTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of principal maturity of long-term debt. + References No definition available. + Details
Name: | ugp_SummaryOfPrincipalMaturityScheduleTableTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of transaction costs. + References No definition available. + Details
Name: | ugp_SummaryOfTransactionCostsTextBlock
Namespace Prefix: | ugp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration