Our People Our Strength N N II N N EE M MOON N TT H H SS R R EE PP O ORR TT M MAAR RCCH H 22 00 11 11
Vision To maintain PPL's position as the premier producer of hydrocarbons in the country and at the same time make a strategic transition to become an international Company, exploiting oil and gas resources beyond the borders of Pakistan,…
Core Values Recognise that Leadership, Empowerment and Accountability are essential for corporate success. Pursue the Highest Standards of Ethical Behaviour and Integrity. Consider Our People as the most important resource.…
Contents 04 Company Information 05 Directors Interim Review 09 Condensed Interim Balance Sheet 10 Condensed Interim Profit and Loss Account 11 Condensed Interim Statement of Comprehensive Income 12 Condensed Interim Cash Flow…
Company Information Board of Directors Mr. Hidayatullah Pirzada - Chairman (Non-Executive Director) Mr. Khalid Rahman - Chief Executive Officer / Managing Director Mr. Sajid Zahid (Non-Executive Director) Mr. Irshad Ahmed Kaleemi…
Directors Interim Review Your directors are pleased to present the unaudited condensed interim financial statements for the nine months period ended March 31, 2011 and a brief review of the Company operations. FINANCIAL AND OPERATIONAL…
Directors Interim Review CORPORATE STRATEGY AND FOCUS AREAS The Company maintained its strategic course, the primary focus of which is to enhance exploration activities, optimise production and reserves replacement,…
Appraisal and Development In Sui Field, development well Sui-89 (M) has been successfully completed as a gas producer. In Sui Field, horizontal development well Sui-93 (M) was spud-in in March 2011 and the drilling is in progress.…
Directors Interim Review Vocational training centre The Company will establish Vocational Training Centre and staff hostel at Taleem Foundation School at Sui Town for women empowerment. Human Resources The Company continues to…
Condensed Interim Balance Sheet As at March 31, 2011 Note March 31, June 30, 2011 2010 Unaudited Audited Rs '000 Rs '000 NON-CURRENT ASSETS Fixed assets Property, plant and equipment 4 43,540,452 41,695,388 Intangible assets 451,214…
Condensed Interim Profit and Loss Account (Unaudited) For the nine months period ended March 31, 2011 Note Quarter ended Quarter ended Nine months Nine months March 31, March 31, ended ended 2011 2010 March 31, 2011 March 31,…
Condensed Interim Statement of Comprehensive Income (Unaudited) For the nine months period ended March 31, 2011 Quarter ended Quarter ended Nine months Nine months March 31, March 31, ended ended 2011 2010 March 31, 2011 March 31,…
Condensed Interim Cash Flow Statement (Unaudited) For the nine months period ended March 31, 2011 Note Nine months Nine months ended ended March 31, 2011 March 31, 2010 Rs '000 Rs '000 CASH FLOWS FROM OPERATING ACTIVITIES Cash…
Subscribed and paid-up Revenue reserves share capital Capital Total Total reserve General and Assets reserves Ordinary Convertible Insurance acquisition Unappropriated Total contingency reserve profit preference reserve reserve…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the nine months period ended March 31, 2011 1. LEGAL STATUS AND NATURE OF BUSINESS Pakistan Petroleum Limited (the Company) was incorporated in…
Note March 31, June 30, 2011 2010 Unaudited Audited Rs '000 Rs '000 4. PROPERTY, PLANT AND EQUIPMENT Opening Net Book Value (NBV) 26,909,324 18,318,870 Additions to: - owned assets 11,272,548 11,298,921 - assets subject to…
March 31, June 30, 2011 2010 Unaudited Audited Rs '000 Rs '000 8. DEFERRED TAXATION Credit / (debit) balances arising on account of: Exploration expenditure (4,185,916) (3,174,704) Amortisation of intangible assets 62 (551)…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the nine months period ended March 31, 2011 11. SALES-net Quarter ended Quarter ended Nine months Nine months March 31, March 31, ended ended…
Nine months Nine months ended ended March 31, 2011 March 31, 2010 Rs '000 Rs '000 15. TRANSACTIONS WITH RELATED PARTIES Related party transactions and outstanding balances are as follows: Gas sales to State controlled entities…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the nine months period ended March 31, 2011 Nine months Nine months ended ended March 31, 2011 March 31, 2010 16. BASIC AND DILUTED EARNINGS…
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