Mercuria CSR report 2023 - Flipbook - Page 13
GOVERNANCE 2023
relevant activities where the payment is of any
one of the types listed below:
Production entitlements/rights: Represents
host government’s share of production. This
payment is generally made in kind.
Taxes: Represents taxes levied on the income,
production or revenues or profits of a
consolidated subsidiary, excluding taxes levied
on consumption such as value added taxes,
personal income taxes or sales taxes. Where
practical, we have reported the amounts
associated with the extractive operations only.
Tax payments are made in accordance with
current local regulations, which may include
instalments.
Royalties:
Represents
percentage
of
production payable to the owner of the mineral
rights.
COUNTREIS AND
AUTHORITIES
PRODUCTION
ENTITLEMENTS
Fees: Represents license fees, surface or rental
fees, and other consideration for licenses and/
or concessions paid for access to the area
where extractive operations are conducted.
Infrastructure improvements: Represents
payments for local development, including the
improvement of infrastructure, not directly
necessary for the conduct of extractive
operations but mandatory pursuant to the
terms of a production sharing contract or to the
terms of a law.
CONSOLIDATED OVERVIEW
The consolidated overview discloses the sum
of the Group’s payments to governments in
each country where the Group had extractive
operations. The overview is based on the
location of the receiving government.
TAXES
ROYALTIES
SOLIDITARY TAX *
2,723,717
840,046
254,077
LICENSE FEES
TOTAL
Romania (Amromco)
State Budget
3,817,840
National Agency for
Mineral Resources
87,052
87,052
Forestry National
Authority Romsilva
43,635
43,635
Romanian Energy
Regulatory Authority
17,540
17,540
Republic of the Congo (Mercuria E&P Congo Oil & Gas Exploration project)
Ministry of
Hydrocarbon
211,906
211,906
Argentina (Phoenix)
National Tax Agency
(AFIP)
7,722,499
7,722,499
Provisional Tax
Agency
35,876,902
5,000,000
40,876,902
Indonesia (PT Kel)
Directorate Generale
Budget
3,915,475
3,915,475
28,536,629
Directorate General
Mineral & Coal
27,892,321
644,308
Total
27,892,321
15,005,99
9
36,928,854
254,076
5,148,227
85,229,478
*Specific tax for energy companies with the purpose to tax the extra profit made due to significant price increases
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