28 Jun 2016 11:33
FERREXPO plc
("Ferrexpo" or the "Company")
Report on Payments to Governments for the year ended 31 December 2015
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 2015 and in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the Regulations).
Production entitlements | Taxes paid | Royalties paid | Dividends paid | Bonuses paid | Licenses and concessions paid | Infrastructure improvements paid | Total (US$'000) | |
Ukraine | ||||||||
State treasury: State budget | - | 6,834 | 11,182 | - | - | - | - | 18,016 |
State treasury: Regional budget | - | 2,853 | 2,530 | - | - | - | - | 5,383 |
State treasury: Local budget | - | 2,607 | 1 | - | - | - | - | 2,608 |
Total Ukraine | - | 12,294 | 13,713 | - | - | - | - | 26,007 |
Grand Total | - | 12,294 | 13,713 | - | - | - | - | 26,007 |
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 includes 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 quarter.
This report is available for download at www.ferrexpo.com.
For further information contact:
Ferrexpo: | |
Ingrid McMahon | +44 203 846 1464
|
Maitland: | |
James Isola | +44 207 379 5151 |
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and transport and sales operations throughout the world. It has been mining and processing high quality iron ore pellets for the global steel industry for over 35 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. The Group is currently the 3rd largest supplier of pellets to the global steel industry and the largest producer and exporter of pellets from the Former Soviet Union. In 2015, it produced 11.7 million tonnes of pellets, a 6% increase compared to 2014 and a record for the Company. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, China as well as other European and Asian countries. Ferrexpo is listed on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com
Ferrexpo (FXPO)