Smart Energy Group paid nearly UAH 1 bln in taxes for 2020

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For 12M, 2020, the companies of Smart Energy Group, including Prom-Energo Product, paid in total UAH 948.5 mln in taxes. That sum includes UAH 430.3 mln fee for subsoil use to the budgets of all levels. Thus, UAH 21.5 mln of subsoil tax were paid to the local budgets.

The tax payments by Smart Energy companies decreased by 27% y-o-y. The main reason remains fall of gas price that started a year before and impacted the key tax payments such as income tax, value added tax and subsoil tax. The production growth by 8.6% y-o-y and gradual renewal of gas price growth, being observed since H2, 2020, just partially mitigated the impact of this factor.

Besides paying all taxes for the reported period, the companies of Smart Energy Group allocated complementarily UAH 3.56 mln for needs of the communities on the territories of which they operate. In particular, Prom-Energo Product allocated UAH 321 thousand. The majority was used for completion the heating system repair in Ternivske educational complex and repair of a school bus.

The main criterium of selection of projects for the participation of Smart Energy Group is the benefit for as many people as possible. Thus, most of them are related to the education and medicine that got a special significance in 2020 in the context of pandemic COVID-19. Besides regular help to the communities of Kharkiv and Poltava oblasts, the companies together with the Charitable Foundation in Honour of Intercession of the Most Holy Mother of God of Vadym Novynskyi purchased and delivered express tests and test systems, medical masks, artificial respirating units, protective overalls for medical workers, protective screens and biosafety cabinets to the regional hospitals, totalled USD 2 mln, in March-April last year.

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