RNS Number : 0650T
PJSC Gazprom
29 June 2018
 

 

PJSC GAZPROM

 

CONSOLIDATED REPORT ON PAYMENTS TO GOVERNMENTS

 

FOR THE YEAR 2017




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 governments in 2017 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 by
the Gazprom Group entities not engaged in extractive activities.

2          BASIS FOR 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 are excluded from
the Report.

The Russian Ruble is the presentation currency of the Report and the consolidated financial
statements of the Gazprom Group prepared in accordance with the 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 average
annual exchange rates of respective currencies set by the Central Bank of the Russian
Federation.

For the purposes of the Report, the term "governments" mean any national, federal or local authorities, ministries or agencies authorized for collection of taxes, budgetary and other payments in accordance with applicable legislation effective as of the date of the payment obligation occurrence. In the context of the Report, governments also include legal entities authorized
for collection 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 the 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, 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 social expenses).




2          BASIS FOR 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 by
an entity acting as tax agent (personal income tax and other similar taxes);

i) Dividends paid to shareholders that are governments, 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 2017.

The Report presents payments breakdowns by the following categories:

·    Countries in which the Gazprom Group's organizations are engaged in extraction activities and projects implemented as part of extractive 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 the Report, the term "project" means a legal entity engaged in the extraction activity. 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 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 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 the Report.

Note 31 "Net cash from operating activities" in the consolidated financial statements of
the Gazprom Group prepared in accordance with IFRS  for the year 2017 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 2017.

 

 

 




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

 

 







 

 

Russian Federation

 1,236  

 1,020,330  

 2,410  

 2,238  

 1,026,214  

 

 

PJSC Gazprom

17  

 164,914  

 263  

 -    

165,194

 

 

LLC Gazprom dobycha Yamburg

 -    

 196,473  

 69  

 22  

196,564

 

 

LLC Gazprom dobycha Urengoy

 -  

 145,623  

 176  

 7  

145,806

 

 

 Gazpromneft-Khantos

-  

 118,692  

 223  

 169  

119,084

 

 

LLC Gazprom dobycha Nadym

4    

 69,529  

 56  

30  

69,619

 

 

JSC Gazpromneft-Noyabrskneftegaz1

15  

 67,372  

 281  

 601  

68,269

 

 

LLC Gazprom dobycha Astrakhan

 -    

39,233  

 8  

 1  

39,242

 

 

LLC Gazprom dobycha Noyabrsk

 3    

 33,792  

 258  

 6    

34,059

 

 

LLC Gazpromneft-Yamal 1

2  

 32,302  

 52  

 955  

33,311

 

 

OJSC Severneftegazprom

4    

 32,757  

 70  

 25  

32,856

 

 

LLC Zapolyarneft1

 -    

 31,748  

 88  

 6  

31,842

 

 

LLC Gazpromneft-Orenburg1

 10    

 20,882  

 401  

 -  

21,293

 

 

LLC Gazprom dobycha Orenburg

 -    

 16,395  

 38  

 389  

16,822

 

 

OJSC Vostokgazprom

 -    

 13,576  

 73  

-  

13,649

 

 

CJSC Purgaz

 -    

 12,799  

 10  

 -  

12,809

 

 

LLC Gazpromneft-Vostok1

 -    

 9,905  

 87  

 23  

10,015

 

 

LLC Gazprom neft shelf1

 -    

 9,225  

 15  

               -  

9,240

 

 

LLC Gazprom dobycha Krasnodar

1,181    

 3,394  

 54  

 -    

4,629

 

 

JSC Yuzhuralneftegaz1

 -    

 1,167  

 9  

 1    

1,177

 

 

LLC Gazprom transgaz Ukhta

 -    

 301  

 79  

 -    

380

 

 

LLC Noyabrskoe 1

 -    

142    

 -  

               -  

142

 

 

LLC Gazprom geologorazvedka

 -    

 1  

 68  

               3  

72

 

 

LLC Meretoyakhaneftegaz1

 -    

 26  

 11  

 -    

37

 

 

LLC Gazprom transgaz Yugorsk

 -    

 33  

 -    

 -    

33

 

 

LLC Gazpromneft-Angara 1

 -    

 24  

 5  

 -    

29

 

 

LLC Gazpromneft-Zapolyarye1

 -    

 20  

 3  

 -    

23

 

 

LLC Gazpromneft-Sakhalin 1

 -    

4    

 13  

               -  

17

 

 

OJSC Kamchatgazprom

 -    

 1  

-  

 -    

1

 

 

Republic of Iraq

 -    

 261  

 1,769  

 -    

 2,030  

 

 

Gazprom neft Middle East B.V.1

 -    

 261  

 1,769  

 -    

 2,030  

 

 

Republic of Serbia

 -    

 1,493  

 192  

 -    

 1,685  

 

 

Naftna Industrija Srbije a.d.1

 -    

 1,487  

 192  

 -    

 1,679  

 

 

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

 -    

 6  

 -    

 -    

 6  

 

 

Republic of Angola

 -    

1,389  

 -    

 -    

 1,389  

 

 

Naftna Industrija Srbije a.d.1

 -    

 1,389  

 -    

 -    

 1,389  

 

 

People's Democratic Republic of Algeria

 -    

 330  

 3    

 -    

333

 

 

Gazprom EP International B.V.

 -    

 330  

3    

 -    

 333  

 

 

Plurinational State of Bolivia

 -    

 93  

 -  

 -    

 93  

 

 

GP Exploracion  y Produccion, S.L.

 

 -    

 93  

 -    

 -    

 93 

 

 

Romania

 -    

 4  

 -    

 -    

 4  

 

 

NIS PETROL doo Banya Luka1

 -    

 4  

 -    

 -    

 4  

 

 

Kyrgyz Republic

 -    

 -    

1

 -    

1

 

 

PJSC Gazprom

         -    

               -

        1

               -

               1

 

 

Total payments

 1,236  

 1,023,900  

 4,375  

 2,238  

 1,031,749  

 





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

Russian Federation

 1,236  

 1,020,330  

 2,410  

 2,238  

 1,026,214  

 federal budget

35

846,115

434

                2

846,586

 regional budgets

 1,201  

 173,680  

 1,681  

 30  

 176,592  

 local budgets

 -    

 535  

 295  

 2,206  

 3,036  

Republic of Iraq

 -    

 261  

 1,769  

 -    

 2,030  

 Ministry of natural resources of КАR

            -

261

1,769

               -

2,030

Republic of Serbia

 -    

 1,493  

 192  

 -    

 1,685  

 budget of Serbian Republic

 -    

 732  

 71  

 -    

 803  

 regional budgets

 -    

 90  

 121  

 -    

 211  

 local budgets

 -    

 671  

 -    

 -    

 671  

Republic of Angola

 -    

1,389  

 -    

 -    

 1,389  

 budget of Angolan Republic

            -

1,389

                          -

               -

1,389

 

People's Democratic Republic of Algeria

 -    

 330  

                         3 

 -    

333  

 Major taxpayer department of the Ministry of Finance

            -

330

                         3

               -

333

Plurinational State of Bolivia

 -    

 93  

                          -  

 -    

 93  

 National Tax Service

 -    

 93  

                          -  

               -  

 93  

Romania

 -    

 4  

 -    

 -    

 4  

 local budgets

            -

             4

                          -

               -

             4

 

 

Kyrgyz Republic

 -    

 -    

                         1

 -    

1

 local budgets

          -    

            -

                         1

              -    

               1

Total payments

 1,236  

 1,023,900  

 4,375  

 2,238  

 1,031,749  


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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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