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v3.24.1.u1

Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [abstract] |
Schedule of balance of treasury shares | The balance of treasury shares as of December 31, 2023 is as follows (in number of shares):
|  | 12/31/2023 |  | 12/31/2022 |
Balance of unrestricted shares held in treasury |  | 16,195,439 |  | 19,974,556 |
Balance of treasury shares granted with right of use (see note 20.b) |  | 9,515,384 |  | 6,184,427 |
Total balance of treasury shares as of December 31, 2023 |  | 25,710,823 |  | 26,158,983 |
Balance and changes in other reserves | Balance and changes in Accumulated other comprehensive income of the Company are as follows:
| Fair value of cash flow hedging instruments (i) |  |  | Fair value of financial investments |  |  | Actuarial gain/(loss) of post-employment benefits (ii) |  |  | Non-controlling shareholders interest change (iii) |  |  | Others |  |  | Total |
Balance as at 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 gains of post-employment benefits of subsidiaries | - |  |  | - |  |  | 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 | )
Changes in fair value of financial instruments | 910,804 |  |  | 403 |  |  | - |  |  | - |  |  | 747 |  |  | 911,954 |
IRPJ and CSLL on fair value | (309,503 | ) |  | - |  |  | - |  |  | - |  |  | - |  |  | (309,503 | )
Actuarial gains of post-employment benefits of subsidiaries | - |  |  | - |  |  | (610 | ) |  | - |  |  | - |  |  | (610 | )
IRPJ and CSLL on actuarial gains | - |  |  | - |  |  | 271 |  |  | - |  |  | - |  |  | 271 |
As of December 31, 2022 | - |  |  | - |  |  | (18,142 | ) |  | 197,369 |  |  | 747 |  |  | 179,974 |
Changes in fair value of financial instruments | (11,375 | ) |  | - |  |  | - |  |  | - |  |  | 284 |  |  | (11,091 | )
IRPJ and CSLL on fair value | 3,691 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 3,691 |
Actuarial gains of own and subsidiaries’ post-employment benefits | - |  |  | - |  |  | (28,710 | ) |  | - |  |  | - |  |  | (28,710 | )
IRPJ and CSLL on actuarial gains | - |  |  | - |  |  | 10,244 |  |  | - |  |  | - |  |  | 10,244 |
As of December 31, 2023 | (7,684 | ) |  | - |  |  | (36,608 | ) |  | 197,369 |  |  | 1,031 |  |  | 154,108 |
Balance and changes in cumulative translation adjustments | Balance and changes in cumulative translation adjustments of the Company are as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Initial balance |  | - |  |  | 304,645 |  |  | 231,596 |
Currency translation adjustment of foreign subsidiaries |  | - |  |  | (269,482 | ) |  | 97,113 |
Effect of foreign currency exchange rate variation on notes in the foreign market |  | - |  |  | 80,057 |  |  | (36,461 | )
IRPJ and CSLL on foreign currency exchange rate variation on notes in the foreign market |  | - |  |  | (27,219 | ) |  | 12,397 |
Reclassification to income due to sale of investment |  | - |  |  | (88,001 | ) |  | - |
Final balance |  | - |  |  | - |  |  | 304,645 |
Summary of Balances and Changes in Consolidated Dividends Payable | Changes in dividends payable are as follows:
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 |
Provisions |  | 429,964 |
Prescribed dividends |  | (2,948 | )
Payments |  | (581,351 | )
Balance as of December 31, 2022 |  | 48,525 |
Provisions |  | 688,189 |
Prescribed dividends |  | (2,048 | )
Payments |  | (400,025 | )
Balance as of December 31, 2023 |  | 334,641 |
Dividends and Allocation of Net Income | The management's proposal for the allocation of net income for 2023 and for distribution of dividends is as follows:
Allocation of net income | 12/31/2023 |  |  | 12/31/2022 |  |  | 12/31/2021 |
Net income for the year attributable to shareholders of Ultrapar | 2,439,795 |  |  | 1,800,839 |  |  | 850,463 |
Legal reserve (5% of the net income) | (121,990 | ) |  | (90,042 | ) |  | (42,523 | )
Adjusted net income (basis for dividends) | 2,317,805 |  |  | 1,710,797 |  |  | 807,940 |
Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022, and 50% of the adjusted net income in 2021) | 579,451 |  |  | 427,699 |  |  | 403,970 |
Total distribution | 579,451 |  |  | 427,699 |  |  | 403,970 |
Interim dividends already distributed (R$ 0.25 per share in 2023 and R$ 0.20 per share in 2021) | (273,798 | ) |  | - |  |  | (218,074 | )
Interest on capital, net of income tax, already paid (R$ 0.35 per share in 2022) (*) | - |  |  | (396,314 | ) |  | - |
Additional dividends to the minimum mandatory dividends | 134,031 |  |  | 78,130 |  |  | - |
Balance of proposed dividends payable (R$ 0.40 per share in 2023, and R$ 0.10 per share in 2022, and R$ 0.17 per share in 2021) | 439,684 |  |  | 109,515 |  |  | 185,896 |
Allocation of dividends |  |  |  |  |  |  |  |
Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022, and 50% of the adjusted net income in 2021) | 579,451 |  |  | 427,699 |  |  | 185,896 |
Balance of proposed dividends | 134,031 |  |  | 78,130 |  |  | 185,896 |
Allocation of net income |  |  |  |  |  |  |  |
Legal reserve (5% of the net income) | 121,990 |  |  | 90,042 |  |  | 42,523 |
Statutory reserve | 1,604,323 |  |  | 1,204,968 |  |  | 403,970 |
Interim dividends | 273,798 |  |  | - |  |  | - |
Interest on capital, net of income tax, already paid (R$ 0.35 per share) (*) | - |  |  | 396,314 |  |  | - |
Minimum mandatory dividends for the year (25% of the adjusted net income in 2023 and 2022 (-) interim dividends, 50% of the adjusted net income in 2021) | 305,653 |  |  | 31,385 |  |  | 403,970 |
Additional dividends to the minimum mandatory dividends | 134,031 |  |  | 78,130 |  |  | - |
Total distribution of net income for the year attributable to shareholders of Ultrapar | 2,439,795 |  |  | 1,800,839 |  |  | 850,463 |
(*) The gross amount of interest on capital was R$ 450,004

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