Ferrexpo PLC Payments to Governments for year ended 31 Dec 2017 (8015S)
27 Juni 2018 - 3:54PM
UK Regulatory
TIDMFXPO
RNS Number : 8015S
Ferrexpo PLC
27 June 2018
27 June 2018
FERREXPO plc
("Ferrexpo" or the "Company")
Report on Payments to Governments for the year ended 31 December
2017
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 2017 and in compliance
with The Reports on Payments to Governments Regulations 2014, as
amended (the Regulations).
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 - 11,735 9,922 - - - - 21,657
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
State
treasury:
Regional
budget - 3,280 3,307 - - - - 6,587
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
State
treasury:
Local
budget - 3,323 194 - - - - 3,517
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Total
Ukraine - 18,338 13,423 - - - - 31,761
------------------------ ------------------- -------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------------------
Grand Total - 18,338 13,423 - - - - 31,761
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 2017, the Group produced 10.4 million tonnes of
pellets ranking it as the 3(rd) largest exporter of pellets to the
global steel industry with a market share of approximately 8.5%.
Ferrexpo has a diversified customer base supplying steel mills in
Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the
Czech Republic, Turkey and Vietnam. 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 rns@lseg.com or visit www.rns.com.
END
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