ULTRAPAR HOLDINGS INC
For the period ended Dec 31, 2023. Filed Apr 23, 2024.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2023 · Filed Apr 23, 2024
Contents
27 Commitments
a. Contracts
Subsidiary Ultracargo Logística has agreements with CODEBA, with Complexo Industrial Portuário Governador Eraldo Gueiros and with Empresa Maranhense de Administração Portuária, in connection with its port facilities in Aratu, Suape and Itaqui, respectively. Such agreements establish a minimum cargo movement, as shown below:
| Port | Minimum movement per year | Maturity |
|---|---|---|
| Aratu (*) | 900,000 ton. | 2022 |
| Suape | 250,000 ton. | 2027 |
| Suape | 400,000 ton. | 2029 |
| Aratu | 465,403 ton. | 2031 |
| Itaqui | 1,468,105 m3 | 2049 |
| (*) | Contract in the process of being renewed with the appropriate body, being judicialized by favorable decision, until the public entity completes the analysis so that the new amendment is signed. In a decision by the Ministry of Infrastructure, the investment plans presented by Ultracargo were preliminarily approved, and the Waterway Transport Regulatory Agency (ANTAQ) approved the technical, economic and environmental feasibility study of this extension project. |
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Ultrapar Participações S.A. and Subsidiaries
Notes to the financial statements
For the years ended December 31, 2023, 2022 and 2021
Amounts expressed in thousands of Brazilian Reais, except where otherwise stated
If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of December 31, 2023, these rates were R$9.22 and R$3.05 per ton for Aratu and Suape, respectively, and R$0.98 per m³ for Itaqui. According to contractual conditions and tolerances, as of December 31, 2023, there were no material pending issues regarding the minimum limits of the contract.
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