Payments to Government Report 2020

RNS Announcement

RNS Number : 5117D

South32 Limited

28 October 2020

South32 Limited

(Incorporated in Australia under the Corporations Act 2001 (Cth))

(ACN 093 732 597)

ASX/JSE/LSE Share Code: S32

ISIN: AU000000S320

SOUTH32

PAYMENTS TO GOVERNMENTS REPORT

2020

Introduction

At South32, we care about the communities in which we operate. We strive to deliver on our commitments and rely on each other to do the right thing. Publishing our annual Tax Transparency and Payments to Governments Report allows us to demonstrate that our tax affairs are conducted in accordance with our corporate values and commitment to ethical business practices.

Access to this report is available at South32 Annual reporting suite https://www.south32.net/investors-media/investor-centre/annual-reporting-suite .

Total payments made by country and level of government

Table 1 Total payments made by country and level of government for the year ended 30 June 2020 (by country of tax residence)

US$M	Corporate income tax	Royalty related taxes	Royalties	Licence fees	Payments to governments for UK Regulation purposes	Employer payroll taxes	Other taxes and payments	Total government payments borne	Employee payroll taxes (not borne)	Net taxes refunded
Australia
Government of Australia	191.6	-	9.9	-	201.5	-	6.5	208.0	160.9	(147.8)
Government of Northern Territory	-	106.0	-	-	106.0	3.3	0.4	109.7	-	-
Municipality of George Town	-	-	-	-	-	-	0.1	0.1	-	-
State of New South Wales	-	-	62.0	0.1	62.1	6.4	1.3	69.8	-	-
State of Queensland	-	-	29.2	-	29.2	2.4	1.6	33.2	-	-
State of Tasmania	-	-	-	-	-	0.9	-	0.9	-	-
State of Western Australia	-	-	27.7	0.3	28.0	14.6	0.7	43.3	-	-
Townsville City Council	-	-	-	-	-	-	0.1	0.1	-	-
Australia: Total	191.6	106.0	128.8	0.4	426.8	27.6	10.7	465.1	160.9	(147.8)
Brazil
Government of Brazil	95.1	-	-	-	95.1	-	0.2	95.3	0.4	(87.3)
Brazil: Total	95.1	-	-	-	95.1	-	0.2	95.3	0.4	(87.3)
Canada
Government of Canada	0.8	-	-	-	0.8	-	-	0.8	-	-
Canada: Total	0.8	-	-	-	0.8	-	-	0.8	-	-
Colombia
Government of Colombia	54.6	-	50.5	0.8	105.9	-	0.8	106.7	3.8	(3.3)
Municipality of Montelibano	-	-	-	-	-	-	0.8	0.8	-	0.3
Colombia: Total	54.6	-	50.5	0.8	105.9	-	1.6	107.5	3.8	(3.0)
Mozambique
Government of Mozambique	-	-	4.5	-	4.5	-	-	4.5	3.5	-
Mozambique: Total	-	-	4.5	-	4.5	-	-	4.5	3.5	-
Netherlands
Government of Netherlands	1.1	-	-	-	1.1	-	-	1.1	-	-
Netherlands: Total	1.1	-	-	-	1.1	-	-	1.1	-	-
Singapore
Government of Singapore	2.3	-	-	-	2.3	-	-	2.3	0.3	-
Singapore: Total	2.3	-	-	-	2.3	-	-	2.3	0.3	-
South Africa
Government of South Africa	58.8	-	11.8	-	70.6	-	-	70.6	113.5	(266.7)
South Africa: Total	58.8	-	11.8	-	70.6	-	-	70.6	113.5	(266.7)
Sweden
Government of Sweden	-	-	-	-	-	-	-	-	-	0.4
Sweden: Total	-	-	-	-	-	-	-	-	-	0.4
United Kingdom
Government of United Kingdom	1.9	-	-	-	1.9	-	-	1.9	2.4	(0.3)
United Kingdom: Total	1.9	-	-	-	1.9	-	-	1.9	2.4	(0.3)
United States of America
Government of United States of America	0.4	-	-	-	0.4	0.7	0.4	1.5	2.9	-
United States on America: Total	0.4	-	-	-	0.4	0.7	0.4	1.5	2.9	-
Total taxes paid	406.6	106.0	195.6	1.2	709.4	28.3	12.9	750.6	287.7	(504.7)

Total payments to government by project

Table 2 Total payments to government by project for the year ended 30 June 2020

US$M	Corporate income tax	Royalty related taxes	Royalties	Licence fees	Payments to governments for UK Regulation purposes	Employer payroll taxes	Other taxes and payments	Total government payments borne	Employee payroll taxes (not borne)	Net taxes refunded
Cannington - Australia	-	-	29.2	-	29.2	2.4	1.3	32.9	20.1	-
Illawarra Metallurgical Coal - Australia	-	-	62.0	0.1	62.1	6.4	1.6	70.1	44.4	-
Worsley Alumina - Australia	-	-	27.7	0.3	28.0	9.4	5.2	42.6	46.6	(69.1)
Eagle Downs - Australian	-	-	-	-	-	0.1	0.8	0.9	0.4	(2.5)
Cerro Matoso - Colombia	54.6	-	50.5	0.8	105.9	-	1.5	107.4	3.8	(3.1)
South Africa Energy Coal - South Africa	0.6	-	3.4	-	4.0	-	-	4.0	72.8	(133.9)
Hermosa - USA	0.4	-	-	-	0.4	0.7	0.4	1.5	2.9	-
Total extractive project related payments - Subsidiaries	55.6	-	172.8	1.2	229.6	19.0	10.8	259.4	191.0	(208.6)
Equity accounted investments (EAIs)
Australia Manganese - Australia	41.4	106.0	9.9	-	157.3	3.3	1.4	162.0	18.7	(18.3)
South Africa Manganese - South Africa	13.8	-	8.4	-	22.2	-	-	22.2	7.6	(18.8)
Total extractive project related payments including EAIs	110.8	106.0	191.1	1.2	409.1	22.3	12.2	443.6	217.3	(245.7)
Non-extractive project related payments	295.8	-	4.5	-	300.3	6.0	0.7	307.0	70.4	(259.0)
Total taxes paid	406.6	106.0	195.6	1.2	709.4	28.3	12.9	750.6	287.7	(504.7)

Table 3 Reconciliation between Corporate Income Tax paid to the income tax paid per the Consolidated Cash Flow Statement in Annual Report for the year ended 30 June 2020

	US$M
Income tax paid per 2020 Annual Report	(335)
Include: Our share of payments related to Equity Accounted Investments	(72)
Corporate Income Tax paid	(407)

JSE Sponsor: UBS South Africa (Pty) Ltd

28 October 2020

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RNS metadata

Title: Payments to Government Report 2020
Time: 13:32:09
Date: 28 Oct 2020
Category: Miscellaneous
ID: 5117D