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Report on Payments to Govts

25 Jun 2020 08:46

RNS Number : 0632R
PJSC Gazprom
25 June 2020
 

 

PJSC GAZPROM

 

Consolidated Report on Payments to Governments

 

For the year 2019

 

 

Contents

 

1 General Information

2 Basis of Preparation

3 Payments to Governments

 

 

 

PJSC Gazprom

Consolidated Report on Payments to Governments

for the Year 2019

(in millions of Russian Rubles)

1 General Information

This consolidated Report on Payments to Governments (the "Report") has beenprepared under the requirements of the UK Financial Conduct Authority's Disclosure Rules andTransparency Rules 4.3А.

The Report contains information on payments made to governments in 2019 by PJSC Gazprom and its subsidiaries (the "Gazprom Group") engaged in exploration, prospection and extraction of mineral resources ("extractive activities"). The Report excludes payments made bythe Gazprom Group entities not engaged in extractive activities.

2 Basis of Preparation

For the purposes of the Report, the Gazprom Group subsidiaries are defined as entities controlled by PJSC Gazprom.

Associates and joint ventures accounted for using the equity method, as well as joint operations are excluded from the Report.

The Russian Ruble is the presentation currency of the Report and the consolidated financialstatements of the Gazprom Group prepared in accordance with International Financial Reporting Standards ("IFRS"). All amounts disclosed in the Report are presented in millions of Russian Rubles.

Payments made in foreign currencies have been translated into Russian Rubles at the averageannual exchange rates of respective currencies set by the Central Bank of the RussianFederation.

For the purposes of the Report, the term "governments" means any national, federal or local authorities, ministries and agencies authorised to collect of tax, budgetary and other payments in accordance with the applicable legislation effective as of the date when the payment obligation occurs. In the context of the Report, governments also include legal entities authorised to collect of taxes, fees and other payments imposed by governments.

The Report includes all direct and indirect payments made to governments.

For the purposes of the Report, payments to governments include the following:

а) production entitlements;

b) taxes levied on income, production or profit of companies (mineral extraction tax, profit tax (including profit tax paid by PJSC Gazprom consolidated group of taxpayers), land tax and other similar taxes), except for those specified in paragraph (h) below;

c) royalties;

d) dividends (except for those specified in paragraph (i) below);

e) signature, commercial discovery and production bonuses;

f) licence fees, rental fees, other considerations for obtaining and using licences or concessions;

g) payments for infrastructure improvements (except for social expenses). 

2 Basis of Preparation (continued)

For the purposes of the Report, payments to governments do not include the following:

h) turnover taxes (value added tax, sales tax and other similar taxes) or taxes withholding byan entity acting as a tax agent (personal income tax and other similar taxes);

i) dividends paid to shareholders that are governments, on the same terms as to othershareholders;

j) export duties and other payments related to export and transportation of mineral resources.

There were no payments of royalties (c), dividends (d) or bonuses (e) to governments in 2019.

The Report presents payments broken down by the following categories:

· countries in which the Gazprom Group's entities are engaged in extractive activities and projects implemented as part of extractive activities;

· countries in which the Gazprom Group's entities are engaged in extractive activities and governments (budgets) for the benefit of which payments were made.

For the purposes of the Report, the term "project" means a legal entity engaged in the extractive activity. This definition is based on the existing tax regulations in the Russian Federation where the Gazprom Group performs most of its extractive activities. In accordance with the effective tax legislation in the Russian Federation, only mineral extraction tax can be determined for each particular field. All other taxes are calculated and collected at the level of a legal entity as a whole and cannot be allocated to particular fields.

If a Gazprom Group's entity is involved in several types of business activities (including extractive activities) and a portion of its tax liabilities directly related to extractive activities cannot be determined, the whole tax payment is included in the Report.

Note 32 "Net Cash from Operating Activities" in the consolidated financial statements ofthe Gazprom Group prepared in accordance with IFRS for the year 2019 discloses information on taxes paid and other similar payments made in cash by all subsidiaries of the Gazprom Group (regardless of their types of business activities) in 2019.

 

 

 

 

3 Payments to Governments

The table below sets forth information on payments to governments,broken down by countries and projects:

 

 

Production entitlements

Taxes on income, production or profit

Licence fees, rental fees and other considerations for obtaining and using licences or concessions

Payments for infrastructure improvements

Total

 

 

 

 

 

 

 

 

Russian Federation:

2,830

1,302,158

1,813

3,255

 1,310,056

 

LLC Gazprom dobycha Yamburg

-

240,047

29

31

240,107

 

PJSC Gazprom

-

199,085

27

713

199,825

 

LLC Gazprom dobycha Urengoy

-

176,646

176

6

176,828

 

LLC Gazpromneft-Khantos1

891

160,248

254

207

161,600

 

JSC Gazpromneft-Noyabrskneftegaz1

839

122,500

353

160

123,852

 

LLC Gazprom dobycha Nadym

43

99,155

87

2

99,287

 

LLC Gazpromneft-Yamal1

127

62,497

38

1,839

64,501

 

LLC Gazprom dobycha Astrakhan

-

51,842

19

1

51,862

 

OJSC Severneftegazprom

11

34,941

71

25

35,048

 

LLC Gazpromneft-Orenburg1

3

32,197

72

32

32,304

 

LLC Gazprom dobycha Noyabrsk

16

29,094

242

7

29,359

 

LLC Gazprom neft shelf1

867

20,318

15

5

21,205

 

OJSC Vostokgazprom

-

19,934

85

8

20,027

 

LLC Gazprom dobycha Orenburg

-

16,781

42

149

16,972

 

LLC Gazpromneft-Vostok1

-

16,830

91

33

16,954

 

CJSC Purgaz

-

11,884

11

8

11,903

 

LLC Gazprom dobycha Krasnodar

-

4,367

65

1

4,433

 

JSC Yuzhuralneftegaz1

-

1,762

1

1

1,764

 

LLC Tekhnologicheskii centr Bazhen1

-

1,281

9

3

1,293

 

LLC Meretoyakhaneftegaz1

-

189

12

-

201

 

LLC Gazpromneft-Razvitie1

-

125

2

13

140

 

LLC Gazpromneft-Prirazlomnoye1

-

123

-

-

123

 

LLC Gazpromneft-Angara1

33

48

19

2

102

 

LLC Gazpromneft-Zapolyarye1

-

56

14

-

70

 

LLC Gazprom nedra

-

36

34

-

70

 

LLC Gazpromneft-Sakhalin1

-

46

12

-

58

 

LLC Gazpromneft-GEO1

-

42

-

-

42

 

LLC Gazprom geologorazvedka

-

2

29

9

40

 

LLC Gazprom transgaz Yugorsk

-

36

-

-

36

 

LLC Enerkom1

-

35

-

-

35

 

LLC Gazpromneft-Yarsale1

-

11

3

-

14

 

LLC Karabashskye-61

-

-

1

-

1

 

Republic of Serbia:

 -

 3,948

 156

 -

 4,104

 

NIS a.d. Novi Sad1

 -

3,933

 156

 -

 4,089

 

NAFTAGAS - Oil services LLC Novi Sad1

-

7

-

-

7

 

NIS PETROL SRL1

-

5

-

-

5

 

NIS PETROL doo Banja Luka1

-

3

-

-

3

 

Republic of Iraq:

 -

632

60

 -

 692

 

Gazprom neft Badra B.V.1

-

356

-

-

356

 

Gazprom neft Middle East B.V.1

 -

 276

60

 -

336

 

People's Democratic Republic of

Algeria:

 -

118

 -

 -

 118

 

Gazprom EP International B.V.

 -

 118

 -

 -

 118

 

Plurinational State of Bolivia:

-

104

-

-

104

 

GP Exploracion y Produccion, S.L.

-

104

-

-

104

 

Romania:

-

91

-

-

91

 

NAFTAGAS - Oil services LLC Novi Sad1

-

91

-

-

91

 

 

 

 

 

 

 

3 Payments to Governments (continued)

 

 

 

 

 

 

Production entitlements

Taxes on income, production or profit

Licence fees, rental fees and other considerations for obtaining and using licences or concessions

Payments for infrastructure improvements

Total

 

 

 

 

 

 

 

 

Republic of Angola

 -

47

-

 -

47

 

NIS a.d. Novi Sad1

-

47

   -

  -

47

 

Total payments

2,830

1,307,098

 2,029

3,255

1,315,212

         

1 Subsidiaries of PJSC Gazprom neft.

 

 

The table below sets forth information on payments, broken down by countries and governments (budgets):

 

Production entitlements

Taxes on income, production or profit

Licence fees, rental fees and other considerations for obtaining and using licences or concessions

Payments for infrastructure improvements

Total

Russian Federation:

2,830

1,302,158

1,813

3,255

1,310,056

 federal budget

54

1,091,535

321

-

1,091,910

 budgets of the subjects of

the Russian Federation

2,776

210,474

1,225

722

215,197

 local budgets

-

149

267

2,533

2,949

Republic of Serbia:

-

3,948

156

-

4,104

 budget of the Republic of Serbia

-

2,951

37

-

2,988

 regional budgets

-

95

-

-

95

 local budgets

-

902

119

-

1,021

Republic of Iraq:

-

632

60

-

692

 budget of the Republic of Iraq

-

356

-

-

356

 Ministry of Natural Resources of the КurdistanRegional Government

-

276

60

-

336

People's Democratic Republic of Algeria:

-

118

-

-

118

 Major taxpayer department of the Ministry of Finance

-

118

-

-

118

Plurinational State of Bolivia:

-

104

-

-

104

 National Tax Service

-

104

-

-

104

Romania:

-

91

-

-

91

 local budgets

-

91

-

-

91

Republic of Angola:

-

47

-

-

47

 budget of the Republic of Angola

-

47

-

-

47

Total payments

2,830

1,307,098

 2,029

3,255

1,315,212

 

The Company may be contacted at its registered office:

PJSC Gazprom

16 Nametkina Str., 16

V-420, GSP-7, 117997, Moscow

Russia

 

Telephone: +7 (812) 609-41-29

Facsimile: +7 (812) 609-43-34

www.gazprom.ru (in Russian)

www.gazprom.com (in English)

 

 

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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