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Trade receivables, reseller financing and other receivables | 12 Months Ended
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Dec. 31, 2023
Trade receivables, reseller financing and other receivables |
Trade receivables, reseller financing and other receivables | 5 Trade receivables, reseller financing and other receivables a. Trade receivables The breakdown of trade receivables is as follows:
| 12/31/2023 |  |  | 12/31/2022 |
Domestic customers | 4,183,696 |  |  | 4,527,167 |
Domestic customers - related parties (see note 8.a.2) | 78 |  |  | 64 |
Foreign customers | 82,634 |  |  | 3,401 |
Foreign customers - related parties (see note 8.a.2) | 3,065 |  |  | 2,695 |
| 4,269,473 |  |  | 4,533,327 |
(-) Allowance for expected credit losses | (334,467 | ) |  | (322,753 | )
Total | 3,935,006 |  |  | 4,210,574 |
Current | 3,921,790 |  |  | 4,149,111 |
Non-current | 13,216 |  |  | 61,463 |
The breakdown of trade receivables, gross of allowance for expected credit losses, is as follows:
|  |  |  |  |  |  | Past due |
| Total |  |  | Current |  |  | less than 30 days |  |  | 31-60 days |  |  | 61-90 days |  |  | 91-180 days |  |  | more than 180 days |
12/31/2023 | 4,269,473 |  |  | 3,538,087 |  |  | 52,561 |  |  | 52,089 |  |  | 15,976 |  |  | 34,157 |  |  | 576,603 |
12/31/2022 | 4,533,327 |  |  | 3,930,178 |  |  | 20,873 |  |  | 18,741 |  |  | 21,482 |  |  | 46,586 |  |  | 495,467 |
The breakdown of the allowance for expected credit losses is as follows:
|  |  |  |  |  |  | Past due |
| Total |  |  | Current |  |  | less than 30 days |  |  | 31-60 days |  |  | 61-90 days |  |  | 91-180 days |  |  | more than 180 days |
12/31/2023 | 334,467 |  |  | 15,866 |  |  | 3,088 |  |  | 1,984 |  |  | 1,851 |  |  | 11,088 |  |  | 300,590 |
12/31/2022 | 322,753 |  |  | 21,425 |  |  | 1,747 |  |  | 1,384 |  |  | 4,913 |  |  | 15,222 |  |  | 278,062 |
Movements in the allowance for expected credit losses are as follows:
Balance as of December 31, 2020 | 382,096 |
Additions | 177,872 |
Reversals | (150,160 | )
Write-offs | (18,646 | )
Reclassification to assets held for sale | (16,807 | )
Balance as of December 31, 2021 | 374,355 |
Additions | 143,828 |
Reversals | (130,385 | )
Write-offs | (65,045 | )
Balance as of December 31, 2022 | 322,753 |
Additions | 115,090 |
Reversals | (76,762 | )
Write-offs | (26,614 | )
Balance as of December 31, 2023 | 334,467 |
For further information on the allowance for expected credit losses, see Note 2 6.d.3. b. Reseller financing The breakdown of reseller financing is comprised as follows:
| 12/31/2023 |  |  | 12/31/2022 |
Reseller financing – Ipiranga | 1,189,886 |  |  | 1,234,634 |
(-) Allowance for expected credit losses | (134,383 | ) |  | (173,287 | )
| 1,055,503 |  |  | 1,061,347 |
Current | 504,862 |  |  | 559,825 |
Non-current | 550,641 |  |  | 501,522 |
The breakdown of reseller financing, gross of allowance for expected credit losses, is as follows:
|  |  |  |  |  |  | Past due |
| Total |  |  | Current |  |  | less than 30 days |  |  | 31-60 days |  |  | 61-90 days |  |  | 91-180 days |  |  | more than 180 days |
12/31/2023 | 1,189,886 |  |  | 874,191 |  |  | 8,890 |  |  | 5,664 |  |  | 7,869 |  |  | 13,273 |  |  | 279,999 |
12/31/2022 | 1,234,634 |  |  | 826,210 |  |  | 8,944 |  |  | 3,892 |  |  | 11,040 |  |  | 11,943 |  |  | 372,605 |
The breakdown of the allowance for expected credit losses is as follows:
|  |  |  |  |  |  | Past due |
| Total |  |  | Current |  |  | less than 30 days |  |  | 31-60 days |  |  | 61-90 days |  |  | 91-180 days |  |  | more than 180 days |
12/31/2023 | 134,383 |  |  | 8,265 |  |  | 1,595 |  |  | 857 |  |  | 1,795 |  |  | 4,521 |  |  | 117,350 |
12/31/2022 | 173,287 |  |  | 1,327 |  |  | 483 |  |  | 1,132 |  |  | 3,704 |  |  | 4,937 |  |  | 161,704 |
Movements in the allowance for expected credit losses are as follows:
Balance as of December 31, 2020 | 197,011 |
Additions | 65,536 |
Reversals | (68,982 | )
Write-offs | (8,287 | )
Balance as of December 31, 2021 | 185,278 |
Additions | 45,987 |
Reversals | (52,695 | )
Write-offs | (5,283 | )
Balance as of December 31, 2022 | 173,287 |
Additions | 28,472 |
Reversals | (59,436 | )
Write-offs | (7,940 | )
Balance as of December 31, 2023 | 134,383 |
c. Trade receivables - sale of subsidiaries The breakdown of other receivables is comprised as follows:
| 12/31/2023 |  |  | 12/31/2022 |
Sale of subsidiary Oxiteno: |  |  |  |  |
Receivables from sale of investments (i) | 726,195 |  |  | 782,655 |
(-) Adjustment to present value - sale of investments (ii) | (10,318 | ) |  | (55,598 | )
Sale of subsidiary Extrafarma: |  |  |  |  |
Receivables from sale of investments (iii) | 208,487 |  |  | 369,508 |
| 924,364 |  |  | 1,096,565 |
Current | 924,364 |  |  | 184,754 |
Non-current | ‐ |  |  | 911,811 |
(i) Refers to the final installment of the sale of Oxiteno, in the amount of USD 150 million, received in April 2024. In May 2022 Ultrapar made an onerous assignment, without right of recourse and co-obligation, of the receivable from the sale of Oxiteno to Ultrapar International. (ii) The consideration for the sale of Oxiteno was recognized at present value using a discount rate of 6.1741%. The amount as of December 31, 2023, includes present value realization and exchange variation of transaction closing date until December 31, 2023. (iii) Refers to part of the payment of the Extrafarma sale transaction, in two installments of equal value, being the first settled in August 2023, and the second maturing in August 2024, monetarily adjusted by the CDI rate + 0.5% p.a. In December 2022, the subsidiary IPP made an onerous assignment, without right of recourse and co-obligation, of the receivable from the sale of Extrafarma to parent Ultrapar.

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