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Arnarlax’s community footprints for 2020

PWC has finished their community footprint analysis for Arnarlax for the operation year of 2020. This is a short summary that provides information regarding what taxes and fees the company is paying. Furthermore, other information is presented that is considered to increase the understanding of the value the company creates with its operation.

Arnarlax contributes to the community in various ways, including paying salaries and related expenses, purchased service, purchased goods, payment of financial fees, grants, in addition to the payment of tax and fees to public authorities.

Average number of Arnarlax employees was 119 in the year 2020 of which 102 employees were residing in Vesturbyggð and Tálknafjarðarhreppur. According to information from Directorate of Labor the average estimated working units in these municipalities was around 733 in 2020. Approximately 14% of estimated work units in the two municipalities worked for Arnarlax in 2020. Additionally, many inhabitants work in derived jobs that have been created as a result of the operation of Arnarlax.

Taxes and fees of Arnarlax to state, municipalities and pension funds amounted to 765 million ISK. Payments to state and municipalities amounted to 786 million ISK and increased by 22% between 2019 and 2020. The increase is, among other things, attributed to an increase in taxes and fees for salaries, increase in fees to environmental fund and a new resource fee.

The 2020 community footprint analysis can be found here