Business
Report on Payments to Governments
Report on Payments to Governments.
About this update from Pensana Plc
[{"type":"text","content":"\n \n 21 December 2022\n Pensana Plc\n (\"Pensana\" or the \"Company\")\n Payments to Government for FY 2022\n Pensana Plc (LSE: PRE) (“Pensana” or “the Company”) publishes the Company’s Payments to Governments Report for the year ended 30 June 2022 (“the Year” or “FY2022”) (the “Report”).\n Basis of preparation\n This Report, which provides an overview of the payments to governments made by Pensana and its subsidiaries, is required under the United Kingdom’s (“UK”) Report on Payments to Governments Regulations 2014 and its amendment in December 2015 (“the Regulations”). This Report is also intended to satisfy the requirements of the Disclosure and Transparency Rules of the Financial Conduct Authority in the UK.\n This report is also available on the Company’s website at: www.pensana.co.uk.\n Activities\n Payments made by Pensana to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals (extractive activities) across its projects are to be disclosed in this report.\n Summary of Payments (US$)1\n \n \n \n \n \n \n \n \n \n \n \n \n Country\n \n \n Corporate taxes\n \n \n Mining & other licence fees\n \n \n Royalties\n \n \n Infrastructure improvements\n \n \n Other\n \n \n Total\n \n \n \n Australia\n -\n -\n -\n -\n -\n -\n \n \n Angola2\n -\n 1,514\n -\n -\n -\n 1,514\n \n \n Tanzania\n -\n -\n -\n -\n -\n -\n \n \n UK\n -\n -\n -\n -\n -\n -\n \n \n \n 1 Payments are shown in US$ equivalent amounts for the financial year ending 30 June 2022 using the average FX rate for the year\n \n 2 Payments shown relate to the Longonjo Project only\n Government definition\n 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.\n Payments\n Payments to governments are required to be reported in the following categories:\n \n \n Taxes\n \n \n These are any taxes paid by Pensana on its income and profits in accordance with legislation enacted in the applicable jurisdiction. Payments are reported net of refunds. Value added tax, personal income taxes, social taxes, property taxes are excluded.\n \n \n Royalties\n \n \n Royalties are not yet applicable as still in exploration/development.\n \n \n Fees\n \n \n These are any fees and other sums paid as consideration for ...