Ferrexpo PLC Report on Payments to Govts (7258D)
28 6월 2019 - 1:13AM
UK Regulatory
TIDMFXPO
RNS Number : 7258D
Ferrexpo PLC
27 June 2019
28 June 2019
FERREXPO plc
("Ferrexpo" or the "Group")
Report on Payments to Governments for the year ended 31 December
2018
Ferrexpo today provides information in accordance with DTR 4.3A
in respect of payments made by the Company and its subsidiaries to
governments for the year ended 31 December 2018 and in compliance
with The Reports on Payments to Governments Regulations 2014, as
amended (the Regulations).
2018 Production Taxes Royalties Dividends Bonuses Licenses Infrastructure Total
entitlements paid paid paid paid and concessions improvements
paid paid
------------- ------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- -----------------------
(US$'000)
------------- ------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Ukraine
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- -----------------------
State
treasury:
State
budget - 38,302 14,701 - - - - 53,003
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
State
treasury:
Regional
budget - 1,515 4,900 - - - - 6,415
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
State
treasury:
Local
budget - 3,924 263 - - - - 4,187
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Total
Ukraine - 43,741 19,864 - - - - 63,605
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Grand Total - 43,741 19,864 - - - - 63,605
Basis of preparation:
1. The Company regards payments relating to the Group's mining operations in Ukraine as interconnected projects for the purposes of the Regulations.
2. Taxes paid include taxes levied on the income, production or
profits of companies but excludes any taxes levied on consumption
such as value added taxes, personal income taxes or sales
taxes.
3. Payments made in currencies other than US Dollars are
translated at the average foreign exchange rate for the relevant
month.
This report is available for download at www.ferrexpo.com.
For further information contact:
Ferrexpo:
Ingrid McMahon +44 207 389 8304
Maitland:
James Isola +44 207 379 5151
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine. It has been mining, processing and selling high quality
iron ore pellets to the global steel industry for 40 years.
Ferrexpo's resource base is one of the largest iron ore deposits in
the world. In 2018, the Group produced 10.6 million tonnes of
pellets, a 2% increase compared to 2017, ranking it as the 3rd
largest exporter of pellets to the global steel industry with a
market share of approximately 8%. Ferrexpo has a diversified
customer base supplying steel mills in Austria, Germany, Japan,
South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey,
Vietnam and America. Ferrexpo has a premium listing on the main
market f the London Stock Exchange under the ticker FXPO. For
further information, please visit www.ferrexpo.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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June 27, 2019 12:13 ET (16:13 GMT)
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