South32 : Tax Transparency and Payments to Governments Report 2022
09/08/2022 | 10:40pm EST
TAX TRANSPARENCY AND PAYMENTS TO GOVERNMENTS REPORT 2022
About this report
Tax Transparency and Payments to Governments Report 2022
This report is about our approach to payments of taxes and contributions to governments where we operate.
Our 2022 Annual Reporting Suite
You can view all the documents in our Annual Reporting Suite at www.south32.net, including:
Our approach to tax
Total payments made by country and level of government
Total payments to government by project
Our underlying tax expense and underlying effective tax rate
Our income tax expense and effective tax rate
Our income tax payable and deferred tax movements
2022 country by country information
International related party dealings
Our equity accounted investments
Mineral development contracts
EITI expectations 2022 and GRI 207 compliance
Basis of preparation for the year ended 30 June 2022
Glossary of terms
Independent auditor's report
This report includes certain non-IFRS financial measures, including underlying measures of earnings, effective tax rate, returns on invested capital, cash flow and net debt, Non-IFRS measures should not be considered as alternatives of an IFRS measure of profitability, financial performance or liquidity.
For an explanation of how South32 uses non-IFRS measures, see page 36 of the Annual Report.
Cover: Engineers at our Cannington operation in Australia..
Below: Anindilyakwa people on Groote Eylandt in Australia's Northern Territory.
We acknowledge and pay our respects to the Indigenous, Traditional and Tribal Peoples of the lands, waters and territories on which South32 is located and where we conduct our business around the world.
We respect and acknowledge the unique cultural and spiritual relationships that Indigenous, Traditional and Tribal Peoples have to the lands, waters and territories, and their rich contribution to society.
In the spirit of respect and reconciliation, we will continue to support initiatives that strengthen culture and ways of life so that their legacy continues and extends to future generations.
SOUTH32 IS A GLOBALLY DIVERSIFIED MINING AND METALS COMPANY
We produce commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from our operations in Australia, southern Africa and South America. With a focus on growing our base metals exposure, we also have two development options in North America and several partnerships with junior explorers around the world.
Making a difference
Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources.
Our purpose is underpinned by a simple strategy which is focused on optimising the performance of our operations, unlocking their potential and identifying new opportunities to create value for all of our stakeholders.
While our strategy outlines what we do to achieve our purpose, our values of care, trust, togetherness and excellence guide how we do it. Every day, our values shape the way we behave and the standards we set for ourselves and others.
Presented on a proportional consolidation basis and excludes manganese alloys (-US$21 million), the Brazil Aluminium smelter (-US$43 million), Hermosa (-US$12 million), and Group and unallocated costs (-US$69 million).
2 SOUTH32 TAX TRANSPARENCY AND PAYMENTS TO GOVERNMENTS REPORT 2022
Silver, Lead and Zinc
PERTH HEAD OFFICE
SOUTH32 TAX TRANSPARENCY AND PAYMENTS TO GOVERNMENTS REPORT 2022
This is an excerpt of the original content. To continue reading it, access the original document here.
South32 Ltd. published this content on 09 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2022 02:39:02 UTC.