Financial and Operational Report of ME "Volynpryrodresurs" (VPR) for the First Nine Months of 2024 Compared to 2023
The Municipal Enterprise "Volynpryrodresurs" was established by the Volyn Regional Council to develop mineral resources and conduct legal amber extraction, thereby creating new jobs and contributing to the budgets of the Volyn Regional Council, local territorial communities, and the state.
The provided data presents the financial and economic indicators for the first nine months of 2024, along with a comparison to the corresponding indicators for 2023.
Royalty Payments to Territorial Community Budgets
The enterprise transfers royalties from mineral extraction to the budgets of territorial communities, supporting infrastructure development and the improvement of social services.
In 2024, the Municipal Enterprise "Volynpryrodresurs" of the Volyn Regional Council continued its successful extraction of amber and peat. Accordingly, the financial and economic performance indicators are provided below, including breakdowns related to the implementation of the joint activity agreement with LLC "Mineral Extraction" and the agreement with LLC "Agrobiostandart," the legal successors of the State Enterprise "Volyntorff."
Amber Extraction and Revenue from Sales
Under the joint activity agreement with LLC "Nadrovidobuvannya," the Municipal Enterprise "Volynpryrodresurs" extracted 2,965.015 kg of amber of various fractions and quality groups during the first nine months of 2024, selling 2,585.466 kg for a total of 27.169 million UAH. As of September 30, 2024, the amber stock in the warehouse amounted to 1,026.065 kg.
For the same period in 2023, 12,699.861 kg of amber of various fractions and quality groups were extracted, with 13,703.575 kg sold for a total of 101.011 million UAH. As of September 30, 2023, the amber stock in the warehouse was 920.019 kg.
Amber sales are conducted in accordance with prices approved by the classifier of the State Gemological Center of the Ministry of Finance of Ukraine.
Peat and Peat Briquette Sales, Revenue from Sales
Russia’s strategy of terror includes the destruction of Ukraine’s critical infrastructure and energy facilities, underscoring the importance of alternative energy sources for Ukraine. The Volyn region possesses significant peat deposits, which can contribute to achieving fuel and energy independence.
In 2024, extraction continued at the "Velyke Bahno" deposit in the Kolky community, serving as the raw material base for the Manevychi peat briquette plant, and at the "Koza-Berezyna" peat bog in the Kamian-Kashyrskyi District, the raw material base for the peat briquette plant in Prylisne.
Dividends Paid to the Volyn Regional Council
For the first nine months of 2024, 4,790,995.00 UAH was paid to the general fund of the Volyn Regional Budget from a 15% share of net profit based on quarterly financial and economic performance. In comparison, for the same period in 2023, 3,908,594.00 UAH was paid from a 15% share of net profit, indicating that the first nine months of 2024 were more successful.
The Municipal Enterprise "Volynpryrodresurs" is a reliable partner, fulfilling all assigned tasks. The enterprise successfully implements plans and collaborates effectively with communities.
Environmental Impact Monitoring Reports
The Municipal Enterprise "Volynpryrodresurs" has published reports on environmental impact monitoring results on its official website, vpr.ua, with this section updated regularly. The published materials confirm that all environmental indicators are within normal limits, the impact on ecosystems and natural habitats is minimal, and reclaimed areas post-extraction are in excellent condition.
Specialists can review the environmental monitoring results in the website section: Environmental Impact Monitoring Reports.
These reports will be of interest not only to those concerned about the environmental impact of mineral extraction but also to students, researchers, scientists, and anyone seeking to learn more about the flora and fauna of the Volyn region’s territorial communities. The reports detail the species composition of plants, animals, birds, and insects identified at the surveyed deposits.
Development Plans of ME "Volynpryrodresurs"
The plans of ME "Volynpryrodresurs" focus on sustainable development by increasing extraction volumes through the development of new licensed areas with minimal environmental impact. A key objective is to meet and exceed extraction and economic performance indicators, ensuring stable regional development and financial support for communities.