Consolidated Report on payments to governments (pursuant to article 6, L.3556/2007, as applicable)
PPC S.A., pursuant to the provisions of article 6 of Law 3556/2007, as applicable, informs the investor community that due to its mining activities in lignite fields, its expenses that were recorded for the fiscal year ending on 31/12/2016 amounted to € 66.3 mln, on a consolidated basis, out of which € 39.9 mln were paid in 2016 to Central Government Bodies, Regional and Local Government Authorities, as well as to Legal Entities governed by private law, which are 100% owned by the Greek State.
The above-mentioned amounts break down as follows:
- € 29.8 mln expense for the Special Lignite Levy (€ 2/ΜWh), out of which €
13 mln were paid in 2016.
Moreover, € 16.4 mln which concerned previous fiscal years, were paid in 2016.
- € 25.8 mln expense for the Special Levy for the Development of Areas where electricity is generated from Lignite Power Plants, which was not paid in 2016.
- € 8.4 mln expense for archaeological excavations, out of which € 8.2 mln were paid in 2016.
- € 2.3 mln expense for other Taxes & Duties, which was paid in full in 2016.
Athens, June 21, 2017
This information is provided by RNS