Nine Months Report March 2013 Pakistan Petroleum Limited
As a major national Exploration and Production (E&P) company in business for nearly seven decades, we at Pakistan Petroleum Limited (PPL) are committed to delivering top value to all our stakeholders. Experience tells us a sustainable way…
Vision TomaintainPPLspositionasthepremier producerofhydrocarbonsinthecountryby exploitingconventionalandunconventionaloil andgasresources,resultinginvalueaddition to shareholders investment and the nation as a whole. Mission…
Company Information Board of Directors Mr.AsimMurtazaKhan-ChiefExecutiveOfficer/ManagingDirector Mr.SajidZahid(Non-ExecutiveDirector) Mr.SaquibH.Shirazi(Independent,Non-ExecutiveDirector) Dr.AmerSheikh(Non-ExecutiveDirector)…
Directors Interim Review Profitability during the current nine months period ended March 31, 2013 has improved, as comparedtothecorrespondingperiod,duetoincreaseinoilsalesvolumes,impactofhigher…
Directors Interim Review InTalField,thedevelopmentwellMakoriEast-03wasspud-ininJanuary2013andthedrilling is in progress. Theactivitiesrelatedtotheinstallationof150MMscfdMakoriGasProcessingPlantinTalField…
Directors Interim Review Installation of thirty eight deep hand pumps in District Thatta under PCA obligation for Jungshahi Block is in progress. Installation of sixteen deep hand pumps at sixteen villages in District Thatta has been…
Unconsolidated Condensed Interim Balance Sheet as at March 31, 2013 Note March June 31, 2013 30, 2012 Unaudited Audited Rs 000 NON-CURRENT ASSETS Fixed assets Property, plant and equipment 4 62,129,209 55,313,451 Intangible assets…
UnconsolidatedCondensedInterimProfitandLoss Account(Unaudited)fortheninemonthsperiodendedMarch31,2013 Note Quarter ended Quarterended Nine months Nine months March March ended ended 31, 2013 31,2012 March 31, 2013 March31,2012 Rs 000…
Unconsolidated Condensed InterimStatementofComprehensiveIncome(Unaudited) FortheninemonthsperiodendedMarch31,2013 Quarter ended Quarterended Nine months Nine months March March ended ended 31, 2013 31,2012 March 31, 2013 March31,2012…
Unconsolidated Condensed Interim Cash Flow Statement(Unaudited)fortheninemonthsperiodendedMarch31,2013 Note Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 CASH FLOWS FROM OPERATING ACTIVITIES…
Subscribedandpaid-up Revenuereserves share capital Capital Total General and Assets Dividend Total Convertible reserve Insurance Unappropriated reserves Ordinary contingency acquisition equalisation Total preference reserve…
Notes to and Forming Part of the Unconsolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 1. LEGAL STATUS AND NATURE OF BUSINESS…
Notes to and Forming Part of the Unconsolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 Staff costs of the…
Notes to and Forming Part of the Unconsolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 March June 31, 2013 30,2012 Unaudited Audited Rs 000 4.1 Capital work-in-progress…
Notes to and Forming Part of the Unconsolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 5.1 Duringthecurrentperiod,theCompanyhasestablishedawhollyownedSubsidiary PPL Asia DMCC, registered…
Notes to and Forming Part of the Unconsolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 6.1 Trade debts include overdue amount of Rs 37,751 million (June 30, 2012:…
Notes to and Forming Part of the Unconsolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 March June 31, 2013 30,2012 Unaudited Audited Rs 000 10. TRADE AND OTHER PAYABLES Creditors…
Notes to and Forming Part of the Unconsolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 13. FIELD EXPENDITURES…
Notes to and Forming Part of the Unconsolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 15. TAXATION Current -…
Notes to and Forming Part of the Unconsolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 18. EARNINGS PER SHARE 18.1…
Consolidated Condensed Interim ProfitandLossAccount(Unaudited) FortheninemonthsperiodendedMarch31,2013 Note Quarter ended Quarterended Nine months Nine months March March ended ended 31, 2013 31,2012 March 31, 2013 March31,2012 Rs…
Consolidated Condensed Interim Statement of ComprehensiveIncome(Unaudited) FortheninemonthsperiodendedMarch31,2013 Quarter ended Quarterended Nine months Nine months March March ended ended 31, 2013 31,2012 March 31, 2013…
Consolidated Condensed Interim CashFlowStatement(Unaudited) FortheninemonthsperiodendedMarch31,2013 Note Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 CASH FLOWS FROM OPERATING ACTIVITIES…
28 Subscribedandpaid-up Revenuereserves share capital Capital Total General and Assets Dividend Total Convertible reserve Insurance Unappropriated Translation reserves Ordinary contingency acquisition equalisation Total…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 1. LEGAL STATUS AND NATURE OF BUSINESS 1.1 The Group consists of Pakistan Petroleum Limited (the…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 1.2 BASIS OF CONSOLIDATION The consolidated financial statements include the financial statements of…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements (Unaudited) for the nine months period ended March 31, 2013 2. BASIS OF PRESENTATION 2.1…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 4.2 Thefairvalueofassetsacquiredandliabilitiesassumedasofthedateofacquisitionare asfollows: Fair…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 4.5 Cash and bank balances include Rs 520 million provided as cash collateral to the…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 March June 31, 2013 30,2012 Unaudited Audited Rs 000 5. PROPERTY, PLANT AND EQUIPMENT…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 March June 31, 2013 30,2012 Unaudited Audited Rs 000 7. LONG-TERM INVESTMENTS Investment in…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 8.1 Trade debts include overdue amount of Rs 37,957 million (June 30, 2012: Rs 28,092 million)…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 March June 31, 2013 30,2012 Unaudited Audited Rs 000 12. TRADE AND OTHER PAYABLES Creditors…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 13.5 PPLEuropeE&PLimitedisrequiredtoprovidebankguaranteestohostGovernmentsas…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 16. OTHER OPERATING…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 Rs 000 19. TRANSACTIONS WITH…
Notes to and Forming Part of the Consolidated CondensedInterimFinancialStatements(Unaudited) FortheninemonthsperiodendedMarch31,2013 Nine months Nine months ended ended March 31, 2013 March31,2012 20. EARNINGS PER SHARE 20.1 Basic…
Notes to and Forming Part of the Consolidated Condensed Interim Financial Statements(Unaudited)fortheninemonthsperiodendedMarch31,2013 22. GENERAL 22.1 Correspondingfigureshavebeenreclassifiedforthepurposeofbetterpresentationand…