Arkona allocated nearly UAH 800 thousand for social projects

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For 9 months of 2021 the companies of Smart Energy Group, including Arkona Gas-Energy LLC, paid in total UAH 1.3 bln in taxes. That is nearly twice as much as for the same period last year (UAH 693.0 mln). These payments include UAH 606.9 mln fee for subsoil use to the budgets of all levels. Thus, UAH 30.3 mln of subsoil tax were paid to the local budgets.

Significant increase of tax payments by Smart Energy Group is primarily evident by income tax, VAT and subsoil tax. Their growth is a result of growth of gas price during 2021.

Stable growth of price for our resource improves financial results of our companies. In its turn, that causes increase of payments to the state budget. Meanwhile, stability of tax payments depend on production volumes increase of which needs significant investments and stable investment climate that can’t depend on changeable factor of price only,” Oleksiy Zayets, FCO of Smart Energy Group, commented.

Moreover, for the reported period the companies of Smart Energy Group allocated complementarily UAH 6.3 mln for needs of the communities on the territories of which they operate. In particular, Arkona Gas-Energy paid UAH 776 thousand to Poltava oblast budget within the bilateral agreement. It also presented gifts to first-grade pupils of Zavodske territorial community by the beginning of a school year.

The main criteria of selection of projects for the participation of Smart Energy Group are their current importance and the benefit for as many people as possible.