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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 : 9302C
JKX Oil & Gas PLC
21 June 2019
LEI: 213800AS2I1XUAGQ6F27
21 June 2019
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 2018, 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 2018:
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.
Fees
Payments to governments in the form of fees include licence fees.
Infrastructure improvements
Such payments correspond to payments made for infrastructure (for example buildings) that forms 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 2018:
Production Corporate Infrastructure Total taxes income taxes improvements Governments $'000 $'000 $'000 $'000 ----------- -------------- --------------- ------- Ukraine ----------- -------------- --------------- ------- State treasury: State budget 19,833 3,896 - 23,729 ----------- -------------- --------------- ------- State treasury: Local budget - - 165 165 ----------- -------------- --------------- ------- Total Ukraine 19,833 3,896 165 23,894 ----------- -------------- --------------- ------- Russia ----------- -------------- --------------- ------- State treasury: State budget 1,775 - - 1,775 ----------- -------------- --------------- ------- Total Russia 1,775 - - 1,775 ----------- -------------- --------------- ------- Hungary ----------- -------------- --------------- ------- State treasury: State budget 219 60 - 279 ----------- -------------- --------------- ------- Total Hungary 219 60 - 279 ----------- -------------- --------------- ------- Grand Total 21,827 3,956 165 25,948 ----------- -------------- --------------- -------
Payments to governments by project type made during the year ended 31 December 2018:
Production Corporate Infrastructure Total taxes income taxes improvements $'000 $'000 $'000 $'000 ----------- -------------- --------------- ------- Ukraine ----------- -------------- --------------- ------- Novomykolaivske Complex 13,594 - - 13,594 ----------- -------------- --------------- ------- Elyzavetivske field 6,239 - - 6,239 ----------- -------------- --------------- ------- Payment at an entity level - 3,896 165 4,061 ----------- -------------- --------------- ------- Total Ukraine 19,833 3,896 165 23,894 ----------- -------------- --------------- ------- Russia - Koshekhablskoye Field 1,775 - - 1,775 ----------- -------------- --------------- ------- Hungary - Hajdunanas IV mining plot 219 60 - 279 ----------- -------------- --------------- ------- Grand Total 21,827 3,956 165 25,948 ----------- -------------- --------------- -------
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Ben Fraser, Chief Financial Officer
EM Communications +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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June 21, 2019 02:00 ET (06:00 GMT)
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