Company Ferrexpo has paid a record amount of taxes and fees for 2018. Photo: Еспресо.TV
Enterprise group Ferrexpo (Poltava, and Belanovsky Eristovsky GOK) in January-December 2018 contributed more than 2.4 billion UAH of taxes and fees in budgets of different levels, more than in the same period of 2017.
According to the structure of the enterprises ‘ payments for the same period Poltava GOK (PGOK, Ferrexpo Poltava Mining, FPM, part of a group Ferrexpo) transferred to the budget of Ukraine taxes and fees amounting to more than 1957,0 mln, Eristovsky GOK (EGSC, Ferrexpo Yeristovo Mining, FYM, part of a group Ferrexpo) – more 407,1 mln, Belanovsky GOK (BGSC, Ferrexpo Belanovo Mining, FBM, part of a group Ferrexpo) – more than 11.3 million UAH. Poltava GOK to the local budget paid over 237,0 million UAH, in the regional – more over 139.0 million UAH to the state budget of Ukraine – more than 1315,0 mln (14%, 8% and 78%, respectively). The unified social contribution amounted to more than 266,0 million UAH.
The eristovsky GOK to the local budget transferred more than UAH 59.5 million in regional – more 78,8 million UAH in the state – more than 213 people and 4 million UAH (17%, 22% and 61%, respectively). The unified social contribution amounted to more than 55.5 million UAH. Belanovsky GOK paid to the local budget of more than 5.8 million UAH, in the regional – more than 0.8 million UAH to the state budget of Ukraine – more than 1.6 million UAH (70%, 10% and 20%, respectively). The unified social contribution amounted to more than 3.1 mln.
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For the 12 months 2018 PGOK paid income tax of more than $ 970,0 million UAH, the environmental tax is more 107,0 million UAH, the tax on land – more 59,0 mln. income tax – more than 235, 0 million, other taxes and fees – more than 36,0 mln. The fee for use of mineral resources is more than 284,0 million UAH.
The eristovsky GOK over the same period paid an environmental tax more than 29,4 million UAH of personal income tax – more than 50.4 million UAH, other taxes and fees – more than 22.1 million UAH. The fee for use of mineral resources is more than 249,7 million UAH. The main budget allocations Belanovsky GOK for the 12 months of last year were: a land tax of more than 3.5 million UAH. and personal income tax, more than 3.4 mln.
Ferrexpo is a Swiss iron ore company with assets in Ukraine. The company’s main activity is the manufacture and export of high quality iron ore pellets used in steel production. Ferrexpo group is the largest producer and exporter of pellets among the countries of the former USSR. Current production assets – Poltava and Eristovsky GOK. Ferrеxpo plc owns 100% of Ferrexpo AG, which in turn, belongs of 99.11% shares of Poltava GOK and 100% of the shares by Ferrexpo yeristovo mining. In 2018, the company produced 10.6 million tonnes of iron ore pellets. The main customers are steel mills from Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, Czech Republic, Turkey, Vietnam and USA. Shares of Ferrexpo is listed on the main market of the London stock exchange under the Ticker FXPO.