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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jkx Oil & Gas Plc | LSE:JKX | London | Ordinary Share | GB0004697420 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.50 | 39.50 | 42.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJKX
RNS Number : 7692C
JKX Oil & Gas PLC
23 June 2021
23 June 2021
JKX Oil & Gas plc ("JKX" or the "Company")
Consolidated report on payments to governments
JKX Oil and Gas plc presents below its consolidated report on payments to governments for the year ended 31 December 2020, for activities related to exploration, development and extraction of oil and gas resources.
The Company has prepared the following consolidated report in accordance with DTR 4.3A of the Financial Conduct Authority Disclosure and Transparency Rules and in compliance with the UK's Reports on Payments to Governments Regulations 2014 (SI 2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (SI 2015/1928).
Basis of preparation
The Company discloses below payments made to governments by the Company's subsidiaries involved in extractive activities. The term 'government' includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government or entity that is controlled by such authority.
Reporting currency
Where payments have been made in currencies other than the reporting currency (US$), the exchange rate existing at the time the payment is made has been used.
Payment types disclosed at project level
"Project" is defined as "operational activities governed by a single contract, license, lease, concession or similar legal agreements and form the basis for payment liabilities with a government". Where multiple such agreements are substantially interconnected, this was considered a project for the purpose of this report.
The payments are presented on a cash basis, net of any interest and penalties on late tax payments or on underpaid tax.
There were no payments in kind made to a Government during the year.
The following payment types are disclosed for legal entities involved in extractive activities for the year ended 31 December 2020:
Corporate income taxes
Payments to governments based on taxable profits under legislated income tax rules.
Production taxes
Payments to governments in relation to revenue or production generated under licence agreements.
Infrastructure improvements
Such payments correspond to payments made for infrastructure (for example roads) that form part of the fundamental facilities and systems serving a community or area. Such payments are included in the Report regardless of whether or not these payments constitute a contractual obligation.
Excluded amounts
Taxes levied on consumption such as value added taxes, personal income taxes, sales taxes, property and environmental taxes have not been included in this report.
Payments summary
Payments to governments made during the year ended 31 December 2020:
Production Corporate Infrastructure Licence fees Total taxes income taxes improvements Governments $'000 $'000 $'000 $'000 $'000 ----------- -------------- --------------- ------------- ------- Ukraine ----------- -------------- --------------- ------------- ------- State treasury: State budget 12,205 4,250 - 115 16,570 ----------- -------------- --------------- ------------- ------- State treasury: Local budget - - 72 - 72 ----------- -------------- --------------- ------------- ------- Total Ukraine 12,205 4,250 72 115 16,642 ----------- -------------- --------------- ------------- ------- Russia ----------- -------------- --------------- ------------- ------- State treasury: State budget 1,681 - - - 1,681 ----------- -------------- --------------- ------------- ------- Total Russia 1,681 - - - 1,681 ----------- -------------- --------------- ------------- ------- Hungary ----------- -------------- --------------- ------------- ------- State treasury: State budget 2 - - - 2 ----------- -------------- --------------- ------------- ------- State treasury: Local budget - 10 - - 10 ----------- -------------- --------------- ------------- ------- Total Hungary 2 10 - - 12 ----------- -------------- --------------- ------------- ------- Grand Total 13,888 4,260 72 115 18,335 ----------- -------------- --------------- ------------- -------
Payments to governments by project type made during the year ended 31 December 2020:
Production Corporate Infrastructure Licence fees Total taxes income taxes improvements $'000 $'000 $'000 $'000 $'000 ----------- -------------- --------------- ------------- ------- Ukraine ----------- -------------- --------------- ------------- ------- Novomykolaivske Complex 9,679 - - 115 9,794 ----------- -------------- --------------- ------------- ------- Elyzavetivske field 2,526 - - - 2,526 ----------- -------------- --------------- ------------- ------- Payment at an entity level - 4,250 72 - 4,322 ----------- -------------- --------------- ------------- ------- Total Ukraine 12,205 4,250 72 115 16,642 ----------- -------------- --------------- ------------- ------- Russia - Koshekhablskoye Field 1,681 - - - 1,681 ----------- -------------- --------------- ------------- ------- Hungary - Hajdunanas IV mining plot 2 10 - - 12 ----------- -------------- --------------- ------------- ------- Grand Total 13,888 4,260 72 115 18,335 ----------- -------------- --------------- ------------- -------
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Dmytro Piddubnyy, Chief Financial Officer
EM Communications +44 (0) 20 7002 7858
Jeroen van de Crommenacker
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END
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(END) Dow Jones Newswires
June 23, 2021 02:00 ET (06:00 GMT)
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