AMGEN LIMITED

Company number: 02354269

Reporting period:
1 January 2022 to 30 June 2022

---

This report was filed on 25 July 2022

and approved by Russell Abberley

Payment statistics

Average time taken to pay invoices: 61 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 48%
• in 61 days or more: 17%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Undisputed invoices will be payable by Amgen within sixty days of invoice date.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

If we exclude our intercompany invoices, our average time to pay invoices to external suppliers is 47 days for the period.

Dispute resolution process

Any discrepancies between invoice and delivery/receipt of goods or services are fully investigated internally and the findings discussed in full with the supplier, with a view of resolving the difference and/or negotiating settlement.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Yes

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No