RNS Number : 4718J
PJSC Gazprom
29 June 2017
 

 

PJSC GAZPROM

 

CONSOLIDATED REPORT ON PAYMENTS TO GOVERNMENTS

 

FOR THE YEAR 2016


 

1          GENERAL INFORMATION

This consolidated Report on payments to governments (the "Report") has been
prepared under the requirements of the UK Financial Conduct Authority's Disclosure Rules and
Transparency Rules 4.3А.

The Report contains information on payments made to governmental bodies in 2016 by PJSC Gazprom and its subsidiary undertakings (the "Gazprom Group") engaged in exploration, prospection and extraction of mineral resources ("extractive activities"). The Report excludes payments made by the Group entities not engaged in extractive activities.

2          BASIS FOR PREPARATION

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

Associated entities, joint ventures and joint arrangements accounted for using the equity method
are excluded from this Report.

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

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

For the purposes of this Report, the term "governments" mean any national, regional or local authority, ministry or agency authorized for collection of taxes, budgetary and other payments in accordance with applicable legislation effective as of the date of the occurrence of a payment
obligation. In the context of the Report governments also include legal entities authorized
for collection of taxes, fees and other payments imposed by state authorities.

The Report includes all direct and indirect payments to governments.

For the purposes of this Report, payments include the following:

а) Production entitlements;

b) Taxes on income, production or profit of the organization (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, discovery and production bonuses;

f) License fees, rental fees, other considerations for obtaining and using licenses or concessions;

g) Payments for infrastructure improvements (except for those that are social expenses in
nature).

2          BASIS FOR PREPARATION (continued)

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

h) Turnover taxes (value added tax, sales tax and other similar taxes) or taxes withholding by
an entity acting as tax agent (personal income tax and other similar taxes);

i) Dividends paid to shareholders that are government bodies, on the same terms as to other
shareholders;

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 2016.

The Report presents payments breakdowns by the following categories:

·    Countries in which the  Gazprom Group's organizations are engaged in extraction activities and projects for extraction activities;

·    Countries in which the Gazprom Group's organizations are engaged in extraction activities and governments (budgets) for the benefit of which payments were made.

For the purposes of this Report, the term "project" means a legal entity engaged in extraction activities. This definition is based on the existing tax regulations in the Russian Federation where the Gazprom Group performs most of its extraction activities. In accordance with the effective tax legislation in Russia, 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 company is involved in several types of business activities (including extraction activities) and a portion of its tax obligations directly related to extraction activities cannot be determined, the whole tax payment is included in this Report.

Note 31 "Net cash provided by operating activities" in the Consolidated Financial Statements of
the Group for the year 2016, prepared in accordance with IFRS, 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 2016.

 

 

 

3          PAYMENTS TO GOVERNMENTS

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

Production entitlements

Taxes on income, production or profit

License fees, rental fees, entry fees and other considerations for obtaining and using licenses or concessions

Payments for infrastructure improvements

Total






24,885

643,087

2,342

1,231

671,545

PJSC Gazprom

23,341

58,435

230

 -    

82,006

LLC Gazprom dobycha Yamburg

 -    

126,142

62

31

126,235

LLC Gazprom dobycha Urengoy

294

95,943

202

67

96,506

 Gazpromneft-Khantos

189

86,028

217

94

86,528

JSC Gazpromneft-Noyabrskneftegaz1

78

52,534

273

83

52,968

LLC Gazprom dobycha Nadym

 -    

36,221

91

2

36,314

LLC Gazprom dobycha Astrakhan

 -    

33,871

7

4

33,882

LLC Zapolyarneft1

 -    

26,745

80

6

26,831

OJSC Severneftegazprom

 -    

24,963

69

15

25,047

LLC Gazprom dobycha Noyabrsk

 -    

23,042

38

 -    

23,080

CJSC Purgaz

 -    

18,661

11

8

18,680

LLC Gazpromneft-Orenburg1

 -    

14,574

192

148

14,914

LLC Gazprom dobycha Orenburg

 -    

12,152

38

606

12,796

OJSC Vostokgazprom

 -    

9,648

102

25

9,775

LLC Gazpromneft-Vostok1

 -    

7,523

83

23

7,629

LLC Gazpromneft-Yamal 1

983

5,830

394

110

7,317

LLC Gazprom neft shelf1

 -    

6,029

2

2

6,033

LLC Gazprom dobycha Krasnodar

 -    

2,832

45

 -    

2,877

JSC Yuzhuralneftegaz1

 -    

1,376

2

 -    

1,378

LLC Gazprom transgaz Ukhta

 -    

346

120

 -    

466

LLC Meretoyakhaneftegaz1

 -    

67

8

 -    

75

OJSC Kamchatgazprom

 -    

40

1

 -    

41

LLC Gazprom geologorazvedka

 -    

1

34

5

40

LLC Gazpromneft-Angara 1

 -    

8

15

 -    

23

LLC Gazprom transgaz Yugorsk

 -    

66

 -    

 -    

66

LLC Gazpromneft-Zapolyarye1

 -    

10

11

 -    

21

LLC Gazpromneft-Sakhalin 1

 -    

 -    

13

2

15

PJSC Krasnoyarskgazprom

 -    

 -    

2

 -    

2

 -    

1,256

201

 -    

1,457

Naftna Industrija Srbije a.d.1

 -    

1,248

201

 -    

1,449

NAFTAGAS-Naftni servisi d.o.o. Novi Sad 1

 -    

8

 -    

 -    

8

 -    

295

271

 -    

566

Gazprom neft Middle East B.V.1

 -    

295

271

 -    

566

 -    

295

 -    

 -    

295

Gazprom EP International B.V.

 -    

295

 -    

 -    

295

 -    

194

 -    

 -    

194

Naftna Industrija Srbije a.d.1

 -    

194

 -    

 -    

194

 -    

18

 -    

 -    

18

NIS PETROL doo Banya Luka1

 -    

18

 -    

 -    

18

 -    

 -    

1

 -    

1

PJSC Gazprom

            -    

             -    

                                     1

                   -    

            1

24,885

645,145

2,815

1,231

674,076

 

3          PAYMENTS TO GOVERNMENTS (continued)

 

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

 

 

Production entitlements

Taxes on income, production or profit

License fees, rental fees, entry fees and other considerations for obtaining and using licenses or concessions

Payments for infrastructure improvements

Total

24,885

643,087

2,342

1,231

671,545

 federal budget

24,588

570,636

626

-

595,850

 regional budgets

297

71,602

1,189

33

73,121

 local budgets

-

849

527

1,198

2,574

-

1,256

201

-

1,457

 budget of Serbian Republic

-

488

71

-

559

 regional budgets

-

92

130

-

222

 local budgets

-

676

-

-

676

-

295

271

-

566

 Ministry of natural resources of КАR

-

295

271

-

566

-

295

-

-

295

 Major taxpayer department of the Ministry of Finance

-

295

-

-

295

-

194

-

-

194

 budget of Angolan Republic

-

194

-

-

194

-

18

-

-

18

 local budgets

-

18

-

-

18

-

-

1

-

1

 local budgets

            -    

            -

                               1

                   -    

            1

24,885

645,145

2,815

1,231

674,076


PJSC Gazprom has its registered office at:

PJSC Gazprom

16 Nametkina Street

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 company news service from the London Stock Exchange
 
END
 
 
PGRLLFFSRFITFID