Ultrapar Participacoes S A : 1Q24 ITR

INTERIM

FINANCIAL INFORMATION March 31, 2024

Ultrapar Participações S.A

Ultrapar Participações S.A. and Subsidiaries

Table of Contents

Report on review of interim financial information	1
Statements of financial position	3
Statements of income	4
Statements of comprehensive income	5
Statements of changes in equity	6
Statements of cash flows - indirect method	7
Statements of value added	8
1.	Operations	9
2.	Basis of preparation and presentation of individual and consolidated interim financial information	12
3.	New accounting policies and changes in accounting policies	13
4.	Cash and cash equivalents, financial investments, derivative financial instruments	14
5.	Trade receivables, reseller financing and other receivables (Consolidated)	15
6.	Inventories (Consolidated)	18
7.	Recoverable taxes (Consolidated)	18
8.	Related parties	20
9.	Income and social contribution taxes	26
10.	Contractual assets with customers - exclusivity rights (Consolidated)	29
11.	Investments in subsidiaries, joint ventures and associates	30
12.	Right-of-use assets and leases payable (Consolidated)	34
13.	Property, plant, and equipment (Consolidated)	37
14.	Intangible assets (consolidated)	38
15.	Loans, financing, debentures and derivative financial instruments	40
16.	Trade payables (consolidated)	45
17.	Employee benefits and private pension plan (Consolidated)	46
18.	Provisions and contingent liabilities (Consolidated)	48
19.	Subscription warrants - indemnification	52
20.	Equity	53
21.	Net revenue from sales and services (Consolidated)	54
22.	Costs and expenses by nature	55
23.	Financial result	56
24.	Earnings per share (Parent and Consolidated)	57
25.	Segment information	57
26.	Risks and financial instruments (Consolidated)	61
27.	Commitments (Consolidated)	78
28.	Acquisition of Interest and Control	79
29.	Events after the reporting period	81

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(Convenience Translation into English from the Original Previously Issued in Portuguese)

REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION

To the Shareholders, Board of Directors and Management of

Ultrapar Participações S.A.

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Ultrapar Participações S.A. ("Company"), identified as Parent and Consolidated, included in the Interim Financial Information Form (ITR), for the quarter ended March 31, 2024, which comprises the statements of financial position as at March 31, 2024 and the related statements of income, of comprehensive income, of changes in equity and of cash flows for the three-month period then ended, including the explanatory notes.

Management is responsible for the preparation of this individual and consolidated interim financial information in accordance with technical pronouncement CPC 21(R1) and international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information has not been prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34 applicable to the preparation of ITR and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM).

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© 2024. For information, contact Deloitte Global.

Other matters

Statements of value added

The interim financial information referred to above includes the individual and consolidated statements of value added (DVA) for the three-month period ended March 31, 2024, prepared under the responsibility of the Company's Management, and presented as supplemental information for international standard IAS 34 purposes. These statements were subject to the review procedures performed together with the review of the ITR to reach a conclusion on whether they are reconciled with the interim financial information and the accounting records, as applicable, and if their form and content are consistent with the criteria set forth in technical pronouncement CPC 09 (R1) - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that these statements of value added were not prepared, in all material respects, in accordance with the criteria defined in such standard and consistently with the individual and consolidated interim financial information taken as a whole.

The accompanying interim financial information has been translated into English for the convenience of readers outside Brazil.

São Paulo, May 8, 2024

DELOITTE TOUCHE TOHMATSU	Daniel Corrêa de Sá
Auditores Independentes Ltda.	Engagement Partner

2024SP032392
© 2024. For information, contact Deloitte Global.	2

Ultrapar Participações S.A. and Subsidiaries

Statements of financial position

As of March 31, 2024 and December 31, 2023

(In thousands of Brazilian Reais)

		Parent		Consolidated			Parent		Consolidated
	Note	03/31/2024	12/31/2023	03/31/2024	12/31/2023		Note	03/31/2024	12/31/2023	03/31/2024	12/31/2023
Assets									Liabilities
Current assets									Current liabilities
Cash and cash equivalents	4.a	308,528	412,840	3,747,552	5,925,688	Trade payables	16.a	32,176	26,772	3,077,758	4,682,671
Financial investments, derivative financial	4.b	‐		‐	309,460	292,934	Trade payables - reverse factoring	16.b	‐		‐	1,304,089	1,039,366
instruments and other financial assets
Trade receivables	5.a	‐		‐	3,704,187	3,921,790	Loans, financing and derivative financial instruments	15	‐		‐	2,830,914	1,075,672
Reseller financing	5.b	‐		‐	502,702	504,862	Debentures	15	‐		‐	942,281	917,582
Trade receivables - sale of subsidiaries	5.c	214,284	208,487	963,714	924,364	Salaries and related charges	-	32,225	51,148	348,877	494,771
Inventories	6	‐		‐	4,371,941	4,291,431	Taxes payable	-	732	1,457	164,256	168,730
Recoverable taxes	7.a	1,049	1,050	1,524,461	1,462,269	Dividends payable	-	10,910	314,418	31,135	334,641
Recoverable income and social contribution taxes	7.b	21,338	25,006	163,725	171,051	Income and social contribution taxes payable	-	2,823		‐	86,759	551,792
Dividends receivable	-	1,346	414,973	2,722	3,572	Post-employment benefits	17.b	‐		‐	23,674	23,612
Other receivables	-	126,497	105,229	320,576	263,806	Provision for decarbonization credit	14.b	‐		‐		‐	741,982
Prepaid expenses	-	6,847	4,617	184,704	99,922	Provisions for tax, civil and labor risks	18.a	907	907	64,371	45,828
Contractual assets with customers - exclusivity	10	‐		‐	779,153	787,206	Leases payable	12.b	2,428	2,389	314,134	311,426
rights
Total current assets		679,889	1,172,202	16,574,897	18,648,895	Financial liabilities of customers	-	‐		‐	148,056	157,615
									Other payables	-	7,415		5,260		545,051		683,970
									Total current liabilities		89,616	402,351	9,881,355	11,229,658
Non-current assets									Non-current liabilities
Financial investments, derivative financial	4.b	‐	295,637	2,550,001	951,941	Loans, financing and derivative financial instruments	15	‐		‐	5,002,053	5,585,372
instruments and other financial assets
Trade receivables	5.a	‐		‐	16,812	13,216	Debentures	15	‐		‐	4,182,547	4,189,391
Reseller financing	5.b	‐		‐	582,391	550,641	Related parties	8.a	2,875	2,875	3,318	3,118
Related parties	8.a	6,877	6,677	40,680	31,892	Deferred income and social contribution taxes	9.a	‐		‐	25,698	206
Deferred income and social contribution taxes	9.a	167,180	164,267	1,155,497	1,255,134	Post-employment benefits	17.b	1,582	1,506	246,816	241,211
Recoverable taxes	7.a	75	75	2,307,597	2,741,370	Provisions for tax, civil and labor risks	18.a; 18.c	185,460	188,757	1,241,152	1,258,302
Recoverable income and social contribution taxes	7.b	393	8,065	240,522	225,354	Leases payable	12.b	5,763	6,197	1,157,960	1,212,508
Escrow deposits	18.a	18	18	1,034,944	1,032,717	Financial liabilities of customers	-	‐		‐	129,502	151,319
Indemnification asset - business combination	18.c	‐		‐	126,489	124,927	Subscription warrants - indemnification	19	88,118	87,299	88,118	87,299
Other receivables and other assets	-	-	-	138,972	155,818	Provision for unsecured liabilities of subsidiaries, joint	11	55,952	55,712	279	256
ventures and associates
Prepaid expenses	-	13,333	13,752	53,407	73,387	Other payables	‐	19,265	15,532	278,871	263,508
Contractual assets with customers - exclusivity	10	‐		‐	1,436,748	1,475,302
rights

Investments in subsidiaries, joint ventures and associates

Right-of-use assets, net

Property, plant and equipment, net Intangible assets, net

Total non-current assets

Total assets

								Total non-current liabilities			359,015	357,878	12,356,314	12,992,490
11	13,058,205	12,322,055	316,185	318,356
12	7,148	7,527	1,671,590	1,711,526	Equity
13	73,295	5,791	6,494,638	6,387,581	Share capital	20.a	6,621,752	6,621,752	6,621,752	6,621,752
14	270,442	270,658	1,872,083	2,553,917	Equity instrument granted	20.b	85,862	75,925	85,862	75,925
								Capital reserve	20.d	603,463	597,828	603,463	597,828
	13,596,966	13,094,522	20,038,556	19,603,079	Treasury shares	20.c	(470,030)	(470,510)	(470,030)	(470,510)
								Revaluation reserve of subsidiaries	20.d	3,758	3,802	3,758	3,802
								Profit reserves	20.e	6,389,559	6,389,559	6,389,559	6,389,559
								Retained earnings	-		431,528		‐	431,528		‐
								Accumulated other comprehensive income	20.f	162,332	154,108	162,332	154,108
								Additional dividends to the minimum mandatory	‐	‐	134,031		‐	134,031
								dividends
								Equity attributable to:	‐
								Shareholders of Ultrapar	‐	13,828,224	13,506,495	13,828,224	13,506,495
								Non-controlling interests in subsidiaries	‐	‐		‐		547,560		523,331
								Total equity	‐	13,828,224		13,506,495		14,375,784		14,029,826
	14,276,855		14,266,724		36,613,453		38,251,974	Total liabilities and equity	‐		14,276,855		14,266,724		36,613,453		38,251,974

The accompanying notes are an integral part of the interim financial information.

3

Ultrapar Participações S.A. and Subsidiaries

Statements of income

For the periods ended March 31, 2024 and 2023

(In thousands of Brazilian Reais, except earnings per thousand shares)

		Parent		Consolidated
	Note
		03/31/2024	03/31/2023	03/31/2024		03/31/2023
Net revenue from sales and services	21	‐		‐	30,395,902		30,551,753
Cost of products and services sold	22	‐		‐	(28,334,690)		(28,839,034)
Gross profit		‐		‐	2,061,212		1,712,719
Operating income (expenses)
Selling and marketing	22	‐		‐	(569,000)		(510,968)
General and administrative	22	(12,588)	(6,087)	(440,800)		(453,927)
Results from disposal of property, plant and equipment and		41		‐	36,808		52,777
intangible assets
Other operating income (expenses), net	22	35,218	(172)	(137,787)		(133,210)
Operating income (loss) before financial result and share of
profit (loss) of subsidiaries, joint ventures and associates		22,671	(6,259)	950,433		667,391
and income and social contribution taxes
Share of profit (loss) of subsidiaries, joint ventures and	11	415,378	287,229	(3,084)		10,448
associates
Income before financial result and income and social		438,049	280,970	947,349		677,839
contribution taxes
Financial income	23	19,746	35,092	160,195		190,447
Financial expenses	23	(18,642)		(51,711)		(442,964)		(502,041)
Financial result, net	23	1,104		(16,619)		(282,769)		(311,594)
Income before income and social contribution taxes		439,153	264,351	664,580		366,245
Income and social contribution taxes
Current	9.b; 9.c	(10,592)	(9,796)	(87,864)		(139,676)
Deferred	9.b	2,913		7,510		(121,270)		47,256
		(7,679)	(2,286)	(209,134)		(92,420)
Net income for the period		431,474	262,065	455,446		273,825
Income attributable to:
Shareholders of Ultrapar		431,474	262,065	431,474		262,065
Non-controlling interests in subsidiaries	11	‐		‐	23,972		11,760
Total earnings per share (based on the weighted average
number of shares outstanding) - R$
Basic	24	0.3926	0.2393	0.3926		0.2393
Diluted	24	0.3881	0.2372	0.3881		0.2372

The accompanying notes are an integral part of the interim financial information.

4

Ultrapar Participações S.A. and Subsidiaries

Statements of comprehensive income

For the periods ended March 31, 2024 and 2023 (In thousands of Brazilian Reais)

		Parent		Consolidated
	Note	03/31/2024	03/31/2023	03/31/2024	03/31/2023
Net income for the period, attributable to shareholders		431,474	262,065	431,474	262,065
of Ultrapar
Net income for the period, attributable to non-		‐		‐	23,972	11,760
controlling interests in subsidiaries
Net income for the period		431,474	262,065	455,446	273,825
Items that will be subsequently reclassified to profit or
loss:
Fair value adjustments of financial instruments of
subsidiaries, joint ventures and associates, net of	20.f.1	8,224	(6,525)	8,224	(6,525)
income and social contribution taxes
Total comprehensive income for the period		439,698		255,540		463,670		267,300
Total comprehensive income for the period attributable		439,698	255,540	439,698	255,540
to shareholders of Ultrapar
Total comprehensive income for the period attributable		‐		‐	23,972	11,760
to non-controlling interests in subsidiaries

The accompanying notes are an integral part of the interim financial information.

5

Ultrapar Participações S.A. and Subsidiaries

Statements of changes in equity

For the periods ended March 31, 2024 and 2023

(In thousands of Brazilian Reais, except dividends per share)

Balance as of December 31, 2023

Net income for the period Other comprehensive income Total comprehensive income for the period

Issuance of shares related to the subscription warrants - indemnification

Equity instrument granted

Realization of revaluation reserve of subsidiaries

Shareholder transaction - changes of ownership interest

Approval of additional dividends by the Ordinary General Shareholders' Meeting

Profit reserves

Equity attributable to:

Equity

Revaluation

Investments

Accumulated

Additional dividends

Share

Capital

Treasury

Legal

other

Retained

Shareholders

Non-controlling

Total

Note

instrument

reserve of

statutory

to the minimum

capital

reserve

shares

reserve

comprehensive

earnings

of Ultrapar

interests (i)

equity

granted

subsidiaries

reserve

mandatory dividends

income

6,621,752

75,925

597,828

(470,510)

3,802

121,990

6,267,569

154,108

‐

134,031

13,506,495

523,331

14,029,826

‐

‐

‐

‐

‐

‐

‐

‐

431,474

‐

431,474

23,972

455,446

‐

‐

‐

‐

‐

‐

‐

8,224

‐

‐

8,224

‐

8,224

‐

‐

‐

‐

‐

‐

‐

8,224

431,474

‐

439,698

23,972

463,670

‐

‐

5,631

‐

‐

‐

‐

‐

‐

‐

5,631

‐

5,631

8.c; 20.a;

‐

9,937

4

480

‐

‐

‐

‐

‐

‐

10,421

‐

10,421

20.b

‐

‐

‐

‐

(44)

‐

‐

‐

54

‐

10

‐

10

‐

‐

‐

‐

‐

‐

‐

‐

‐

‐

‐

257

257

20.e

‐

‐

‐

‐

‐

‐

‐

‐

‐

(134,031)

(134,031)

‐

(134,031)

Balance as of March 31, 2024

Balance as of December 31, 2022

Net income for the period Other comprehensive income Total comprehensive income for the period

Issuance of shares related to the subscription warrants - indemnification

Equity instrument granted

Realization of revaluation reserve of subsidiaries

Shareholder transaction - changes of ownership interest

Loss due to change in ownership interest

Dividends attributable to non-controlling interests

Approval of additional dividends by the Ordinary General Shareholders' Meeting

Balance as of March 31, 2023

6,621,752

85,862

603,463

(470,030)

3,758

121,990

6,267,569

162,332

431,528

‐

13,828,224

547,560

14,375,784

Profit reserves

Equity attributable to:

Equity

Revaluation

Investments

Accumulated

Additional dividends

Share

Capital

Treasury

Legal

other

Retained

to the minimum

Shareholders

Non-controlling

Total

Note

instrument

reserve of

statutory

capital

reserve

shares

reserve

comprehensive

earnings

mandatory

of Ultrapar

interests (i)

equity

granted

subsidiaries

reserve

income

dividends

5,171,752

43,987

599,461

(479,674)

3,975

882,575

5,228,561

179,974

‐

78,130

11,708,741

466,227

12,174,968

-

‐

‐

‐

‐

‐

‐

‐

‐

262,065

‐

262,065

11,760

273,825

-

‐

‐

‐

‐

‐

‐

‐

(6,525)

‐

‐

(6,525)

‐

(6,525)

‐

‐

‐

‐

‐

‐

‐

(6,525)

262,065

‐

255,540

11,760

267,300

-

‐

‐

758

‐

‐

‐

‐

‐

‐

‐

758

‐

758

8.c; 20.a;

‐

5,092

‐

‐

‐

‐

‐

‐

‐

‐

5,092

‐

5,092

20.b

-

‐

‐

‐

‐

(44)

‐

‐

‐

(95)

‐

(139)

‐

(139)

-

‐

‐

‐

‐

‐

2

‐

‐

‐

‐

2

‐

2

-

‐

‐

‐

‐

‐

‐

‐

‐

‐

‐

‐

(112)

(112)

-

‐

‐

‐

‐

‐

‐

‐

‐

‐

‐

‐

(192)

(192)

-

‐

‐

‐

‐

‐

‐

‐

‐

‐

(78,130)

(78,130)

‐

(78,130)

5,171,752

49,079

600,219

(479,674)

3,931

882,577

5,228,561

173,449

261,970

‐

11,891,864

477,683

12,369,547

(i) Are substantially represented by non-controlling shareholders of Iconic.

The accompanying notes are an integral part of the interim financial information.

6

Ultrapar Participações S.A. and Subsidiaries

Statements of cash flows - indirect method For the periods ended March 31, 2024 and 2023 (In thousands of Brazilian Reais)

		Parent		Consolidated
	Note	03/31/2024	03/31/2023	03/31/2024	03/31/2023
Cash flows from operating activities
Net income from continuing operations		431,474	262,065	455,446	273,825
Adjustments to reconcile net income to cash provided (consumed) by
operating activities
Share of profit (loss) of subsidiaries, joint ventures and associates	11	(415,378)	(287,229)	3,084	(10,448)
Amortization of contractual assets with customers - exclusivity rights	10	‐		‐	132,658	132,138
Amortization of right-of-use assets	12	604	588	71,071	75,290
Depreciation and amortization	13; 14	3,122	2,291	208,704	196,119
Interest and foreign exchange rate variations		9,088	42,775	393,003	337,694
Current and deferred income and social contribution taxes	9.b	7,678	2,286	209,134	92,420
Gain (loss) on disposal or write-off of property, plant and equipment, intangible		(35,280)		‐	(72,047)	(52,777)
assets and other assets
Equity instrument granted		4,973	1,261	10,421	5,092
Provision for decarbonization - CBIO	22	‐		‐	182,942	152,815
Other provisions and adjustments		(3,214)		11,858		51,036		89,813
		3,067	35,895	1,645,452	1,291,981
(Increase) decrease in assets
Trade receivables and reseller financing	5	‐		‐	177,476	403,105
Inventories	6	‐		‐	(77,210)	1,130,592
Recoverable taxes	7	3,571	(15,223)	(86,283)	(187,308)
Dividends received from subsidiaries, associates and joint ventures		413,627	906,402	850	377
Other assets		(3,950)	27,783	(137,681)	4,030
Increase (decrease) in liabilities
Trade payables and trade payables - reverse factoring	16	5,404	(18,780)	(1,340,189)	(2,764,262)
Salaries and related charges	-	(18,923)	(27,156)	(145,894)	(131,184)
Taxes payable	-	(725)	(584)	(4,474)	7,708
Other liabilities		12,338	4,911	(41,501)	(128,476)
Acquisition of CBIO	14	‐		‐	(338,067)	(167,527)
Payments of contractual assets with customers - exclusivity rights	10	‐		‐	(91,948)	(132,442)
Payment of contingencies	-	‐		‐	(30,896)	(6,171)
Income and social contribution taxes paid		‐		‐		(102,872)		(31,675)
Net cash provided (consumed) by operating activities		414,409	913,248	(573,237)	(711,252)
Cash flows from investing activities
Financial investments, net of redemptions	4.b	145,344		‐	(1,546,977)	302,552
Acquisition of property, plant and equipment and intangible assets	13; 14	(70,409)	(9,352)	(326,198)	(221,017)
Cash provided by disposal of investments and property, plant and equipment		10,313		‐	89,371	149,609
Capital decrease in subsidiaries, associates and joint ventures	11	‐	572,004		‐		‐
Net cash consumed by subsidiaries' acquisition		(173,298)		‐		‐	(47,456)
Investment purchase and sale transactions and other assets		‐		‐		‐		(38,143)
Net cash provided (consumed) by investing activities		(88,050)	562,652	(1,783,804)	145,545
Cash flows from financing activities
Loans, financing and debentures
Proceeds	15	‐		‐	1,348,933	1,708,600
Repayments	15	‐	(1,725,000)	(136,596)	(1,851,741)
Interest and derivatives paid	15	7,838	(118,181)	(426,611)	(292,319)
Payments of lease
Principal	12.b	(523)	(727)	(71,902)	(82,089)
Interest paid	12.b	(247)	-	(48,423)	(2,000)
Dividends paid		(437,539)	(108,615)	(437,525)	(108,714)
Proceeds from financial liabilities of customers		‐		‐		‐	6,782
Payments of financial liabilities of customers		‐		‐	(40,575)	(47,417)
Capital decrease		‐		‐		‐	(26)
Related parties		(200)		(4,576)		(8,396)		411
Net cash consumed by financing activities		(430,671)	(1,957,099)		178,905		(668,513)
Effect of exchange rate changes on cash and cash equivalents in foreign		‐		‐	-	(25,735)
currency
Decrease in cash and cash equivalents		(104,312)	(481,199)	(2,178,136)	(1,259,955)
Cash and cash equivalents at the beginning of the period	4.a	412,840	605,461	5,925,688	5,621,769
Cash and cash equivalents at the end of the period	4.a	308,528	124,262	3,747,552	4,361,814

‐

Non-cash transactions:

Addition on right-of-use assets and leases payable

Addition on contractual assets with customers - exclusivity rights Transfer between trade receivables and property, plant and equipment Issuance of shares related to the subscription warrants - indemnification - Extrafarma acquisition

Acquisition of property, plant and equipment and intangible assets without cash effect

‐	‐	68,326	134,825
‐	‐	16,194	49,821
‐	‐	4,355	‐
‐	‐	5,460	411
‐	‐	9,046	8,514

The accompanying notes are an integral part of the interim financial information.

7

Ultrapar Participações S.A. and Subsidiaries

Statements of value added

For the periods ended March 31, 2024 and 2023

		Parent		Consolidated
	Note	03/31/2024	03/31/2023	03/31/2024	03/31/2023
Revenues
Gross revenue from sales and services, except rents and		‐	‐	31,629,465	31,359,944
royalties
Rebates, discounts and returns		‐	‐	(249,380)	(232,384)
Allowance for expected credit losses	5	‐	‐	(14,680)	12,327
Amortization of contractual assets with customers - exclusivity	10	‐	‐	(132,658)	(132,138)
rights
Gain (loss) on disposal of assets and other operating income		35,260	(172)	(95,600)	(80,433)
(expenses), net

Materials purchased from third parties

Raw materials used

Cost of products and services sold

Materials, energy, third-party services and others Provision for assets losses

Gross value added

Retentions

Depreciation and amortization of intangible assets and right-of- use assets

Net value added produced by the Company

Value added received in transfer

Share of profit (loss) of subsidiaries, joint ventures and associates

Rents and royalties Financial income

Total value added available for distribution

Distribution of value added Personnel and related charges

Salaries and wages Benefits

Government Severance Indemnity Fund for Employees (FGTS)

Others

Taxes, fees, and contributions

Federal

State

Municipal

Financial expenses and rents

Interest, effect of exchange rate changes and financial instruments

Rents

Others

Remuneration of own capital

Dividends

Retained earnings

12.a; 13;

14

11

23

35,260		(172)		31,137,147		30,927,316
‐		‐	(644,337)	(358,458)

• ‐ (27,788,438) (28,534,673)

48,556	48,238	(325,076)	(353,584)
‐		‐		-		7,537
48,556	48,238	(28,757,851)	(29,239,178)
83,816		48,066		2,379,296		1,688,138
(3,726)	(2,879)	(279,775)	(271,409)
80,090		45,187		2,099,521		1,416,729
415,378	287,229	(3,084)	10,448
‐		‐	78,826	76,995
19,746		35,092		160,195		190,447
435,124	322,321	235,937	277,890
515,214		367,508		2,335,458		1,694,619
39,334	35,729	359,182	330,697
5,787	6,067	110,577	99,512
1,696	2,357	26,998	23,754
3,972		925		29,907		21,075
50,789	45,078	526,664	475,038
12,978	11,325	726,119	341,607
‐	-	132,058	89,825
47		6		42,119		34,704
13,025	11,331	900,296	466,136
476	45,534	385,750	389,351
1,979	979	22,851	33,041
17,471		2,521		44,451		57,228
19,926	49,034	453,052	479,620
‐		‐		‐	192
431,474		262,065		455,446		273,633
431,474	262,065	455,446	273,825

Value added distributed

515,214

367,508

2,335,458

1,694,619

The accompanying notes are an integral part of the interim financial information.

8