Information  X 
Enter a valid email address

Ferrexpo plc (FXPO)

  Print          Annual reports

Friday 25 June, 2021

Ferrexpo plc

Report on Payments to Governments for 2020

RNS Number : 0556D
Ferrexpo PLC
25 June 2021
 

25 June 2021       

Ferrexpo plc

 ("Ferrexpo", the "Company" or the "Group")

 

Report on Payments to Governments for the year ended 31 December 2020

 

Ferrexpo today provides information in accordance with DTR 4.3A in respect of payments made by the Group and its subsidiaries to governments for the year ended 31 December 2020, in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the "Regulations").

 

2020

Production entitlements

(US$'000)

Taxes
paid

(US$'000)

Royalties

Paid

(US$'000)

Dividends paid

(US$'000)

Bonuses
paid (US$'000)

Licences and concessions paid (US$'000)

Infrastructure improvements paid (US$'000)

Total


(US$'000)

Ukraine









State treasury: State budget

  -

 51,781

  18,113

  -

  -

  -

  -

 69,894

State treasury: Regional budget

  -

 7,275

  6,469

  -

  -

  -

  -

 13,744

State treasury: Local budget

  -

 4,433

  1,294

  -

  -

  -

  -

 5,727

Total Ukraine

  -

63,489

25,876

  -

  -

  -

  -

 89,365

Grand Total

  -

63,489

25,876

  -

  -

  -

  -

89,365

 

Basis of preparation:

 

1.  Ferrexpo 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, please contact:

 

Ferrexpo:



Rob Simmons

[email protected]

+44 207 389 8305

Tavistock:



Jos Simson

Gareth Tredway

Annabel de Morgan

 

[email protected]

+44 207 920 3150

+44 778 855 4035

 

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 over 40 years. In 2020, the Group produced 11.2 Mt of iron ore pellets, a 7% increase on the prior year. The Company is ranked as the world's 3rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. 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 of 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 [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PGRZZLFLFQLZBBX

a d v e r t i s e m e n t