To view the PDF file, sign up for a MySharenet subscription.

MONDI LIMITED - Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2017

Release Date: 27/06/2018 16:00
Code(s): MND MNP     PDF:  
Wrap Text
Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2017

Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI

27 June 2018

As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi Group” or “Mondi”) notify
both the JSE Limited and the London Stock Exchange of matters required to be disclosed under the Listings
Requirements of the JSE Limited and/or the Disclosure Guidance and Transparency Rules and/or the Listing Rules
of the United Kingdom Listing Authority.

Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2017

The report of payments to governments made by Mondi plc and its subsidiary undertakings for the year ended 31
December 2017 has been published in accordance with the UK’s Reports on Payments to Governments
Regulations 2014 (as amended in December 2015). This regulation implements the two EU Directives in the UK,
mandating annual reports by companies in the extractives and logging industries of their payments to governments
in countries in which they operate.

To read details of Mondi’s payments to governments go to

Basis of preparation

The application of the Regulation for Mondi relates to our logging activities and specifically to the disclosure of
payments to governments relating to the logging of primary forests.

We have used the Food and Agriculture Organisation of the United Nations definition of ‘primary forest’ being:

‘Naturally regenerated forest of native species, where there are no clearly visible indications of human activities and
the ecological processes are not significantly disturbed’.

Also, for the purposes of this report, the original ‘IFL 2000’ (Greenpeace, World Resources Institute (WRI) and
Transparent World) inventory of intact forests has been used as the base for reporting on the harvesting of primary
forests in the Komi Republic, Russia (‘Komi’).

Only a portion of our Syktyvkar logging operations in Komi fall within the above definition of primary forests. Our
operations in South Africa comprise plantation forests that are not associated with any primary forests and
therefore are excluded from the report.

Our logging operations in Komi do not result in deforestation. In terms of the Russian Forestry Code and Mondi’s
sustainable development policies all logged areas are naturally regenerated with supplementary plantings of
spruce and pine where required to make up full populations of young trees for the next sustainable forest cycle.
During logging operations protected areas, High Conservation Areas (HCV) areas and sensitive
biotopes, comprising approximately 25% of the area, are naturally set aside for conservation.

Exchange rate

Payments made in currencies other than the euro (Mondi Group’s reporting currency) are translated for this report
using the average exchange rate during the financial year to which it relates.

Further information
 For further information regarding the Mondi Group’s approach to sustainably managing our forests, please refer to
 our Sustainable development report 2017 which can be found at and our sustainable
 forestry policy, one of our issue specific SD policies at

Government Report
Country    Production     Taxes          Royalties   Dividends    Bonuses    Licence     Infrastructure    Total
           entitlement                                                       fees, etc   improvements
Russia     Nil            -€123,0001     Nil         Nil          Nil        €786,000    Nil               €663,000

Projects Report
Entity       Production    Taxes          Royalties Dividends Bonuses Licence              Infrastructure  Total
             entitlement                                                       fees, etc improvements
OJSC         Nil           -€123,0001     Nil         Nil           Nil        €786,000 Nil                €663,000
   For the years ended 31 December 2015 and 31 December 2016 a positive figure was included in respect of taxes
 paid rather than a negative figure to show a tax deduction. For the year ended 31 December 2017, the position has
 been corrected to show a tax deduction, resulting in a lower total payment figure than in previous years.

 The report has been submitted to the National Storage Mechanism and will shortly be available for inspection at:


 Mondi Group
 Sara Sizer
 Group Communication & Marketing Director
 Tel: +43 664 244 9994

 About Mondi

 Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and
 sustainable packaging and paper solutions. Mondi is fully integrated across the packaging and paper value chain -
 from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective
 industrial and consumer packaging solutions. Sustainability is embedded in everything Mondi does. In 2017, Mondi
 had revenues of €7.10 billion and underlying EBITDA of €1.44 billion.
 Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the
 ticker MND, and a premium listing on the London Stock Exchange for Mondi plc, under the ticker MNDI. Mondi is a
 FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE
 Responsible Investment Index Series since 2007.

 Sponsor in South Africa: UBS South Africa Proprietary Limited.

Date: 27/06/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story