• 
• 
• 
• 
• 
• 
• 
• 

The Company is committed to ensuring sustainable economic activity. Achieving financial and operational performance, strategic and business planning of the Company consider the principles of sustainable development. KMG annually makes a significant contribution to increasing the social and economic potential of the country and to the development of the regions of the Company’s presence.

The formation and approval of the consolidated and separate Development Plan and the Budget of KMG are regulated by the Rules for the formation, approval, adjustment and monitoring of the Development Plan of KazMunayGas NC JSC. The consolidated Business Plan includes the plans of SDEs for a 5-year period and is regulated by the Rules for the development, harmonization, approval and monitoring of the business plans and budgets of SDEs of KazMunayGas NC JSC. The Development Plan and the Budget of KMG are generated in an automated planning system in accordance with the requirements of the approved corporate accounting policy of KMG and the International Financial Reporting Standards (IFRS).

To analyse the achievement of strategic goals, KMG monitors the implementation of the Business Plans based on monthly, quarterly and annual management reports.

KMG managed to achieve positive dynamics of financial and operational performance in all its business areas from exploration and production to transportation and processing of hydrocarbons. The Company’s net profit in the reporting period amounted to 1,317 billion tenge.

As one of the largest taxpayers in the regions of presence, KMG contributes to the country’s budget for taxes and other payments. In 2022, 1,176 billion tenge of taxes and other obligatory payments to the budget were paid.

The Company also provides employment to more than 44 thousand people in the country by providing not only stable salaries, but also social support to employees and their families. The funds allocated by the Company for social withholdings and pension contributions for employees in 2022 amounted to 66 billion tenge.

Participation in the programs to support domestic manufacturers and increase in local content in procurement is a priority for KMG. At the end of 2022, the total volume of supplied goods, works and services, including long-term procurement contracts, within KMG Group amounted to 1,700 billion tenge. The percentage of local content in procurement was equal to 82 %.

The Company’s economic performance presented below make it possible to assess this contribution to the country’s economy.

Created and distributed economic value

Total income means total profit and other income in the Statement of Comprehensive Income.

Total expenses mean total expenses and costs in the Statement of Comprehensive Income.

The data is derived from the consolidated Statement of Cash Flows (direct method) of KMG for 2022.

KMG has not received financial assistance in monetary terms from the state during the reporting period and does not make donations for state/political needs.

Pension schemes of employees

In accordance with the national legislation, pension savings of citizens are in the Unified Accumulative Pension Fund, as well as in voluntary accumulative pension funds. In accordance with the Collective Agreements of organizations, the Company fulfils, for its part, additional obligations related to social support for non-working pensioners whereby the employees, who retire in connection with achievement of pension age and after retirement, receive social support in the form of material assistance on the occasion of the national and public holidays of the Republic of Kazakhstan, in connection with reaching the anniversary age, vouchers for sanatorium and health resort treatment with partial compensation of their cost, etc. In 2022, material assistance was provided to non-working pensioners of the Company for the total amount exceeding 2.7 billion tenge.

KMG’s enterprises are implementing a project to provide employees of pre-retirement age with the possibility of early retirement with payment of compensation upon termination of employment relations by agreement between the parties, with employees who have reached retirement age, with payment of compensation upon termination of employment relations.