Jardine Matheson Holdings Limited has released its Extractive Sector Payments to Government Report 2023, in compliance with the UK Reports on Payments to Governments Regulation 2014. The report provides an overview of the payments made by PT United Tractors Tbk and its subsidiaries, particularly PT Pamapersada Nusantara and PT Danusa Tambang Nusantara, for their extractive activities in Indonesia during the year ended 2023.
The report discloses payments made to governments for activities related to exploration, discovery, development, and extraction for legal entities involved in extractive activities. It includes payments to national, regional, or local authorities, as well as state-owned entities. The payments are required to be reported by project, with a project defined as the operational activities governed by a single contract, lease, or similar legal arrangement. The report also outlines the types of payments, including taxes, royalties, and fees, with a threshold for disclosure set at USD 107,286.
The consolidated overview reveals the sum of Astra's payments to the Government of Indonesia, while the Government Report and Project Report detail the payments per payment type and per project. The payments are presented in US Dollars and are translated based on foreign exchange rates determined by PwC HK, which is engaged with Jardine Matheson Holdings Limited.
Overall, the report provides transparency regarding the payments made by Jardine Matheson Holdings Limited and its subsidiaries in the extractive sector, enhancing visibility and accountability in their operations in Indonesia.