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Trade Payables
12 Months Ended
Dec. 31, 2023
Trade payables  
Trade Payables

 

a. Trade payables

 

 

12/31/2023


 

12/31/2022


Domestic suppliers

2,842,433


 

2,777,021


Foreign suppliers

1,692,786


 

1,674,287


Trade payables - related parties (see Note 8.a.2)

147,452


 

259,644


 

4,682,671


 

4,710,952


 

Some Company’s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries.

 

b. Trade payables - reverse factoring

 

 

12/31/2023


 

12/31/2022


Domestic suppliers - reverse factoring

1,039,366


 

2,429,497


Foreign suppliers - reverse factoring


 

237,397


 

1,039,366


 

2,666,894


  

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, 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.