Ferrexpo increased tax payment to the budget by 6.4% in 2014

​Ferrexpo plc (UK) that controls the Poltava, Yeristovo and Belanovo GOKs in the Ukraine (PGOK, EGOK, BGOK), on the results of 2014 paid over 1.17 bln grivna to the budgets of all levels while on the results of 2013 this amount was 1.1 bln grivna.

The company reports that PGOK (Ferrexpo Poltava Mining) paid over 931.22 mln grivna of tax to the budget of the Ukraine, YGOK (Ferrexpo Yeristovo Mining) – over 226.08 mln grivna, Belanovo GOK (Ferrexpo Belanovo Mining) – over 5.5 mln grivna.

PGOK paid over 92 mln grivna to the local budget, 97.3 mln grivna to the regional budget and 741.9 mln grivna to the Government budget (9.9%, 10.4% and 79.7% respectively).

YGOK paid over 45.5 mln grivna to the local budget, 23.1 mln grivna to the regional budget and 157.5 mln grivna to the Government budget (20.1%, 10.2% and 69.7% respectively).