Quarterly Report September 2012 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…
Contents 02 Vision - Mission 03 Core Values 04 Company Information 05 Directors Interim Review 10 Condensed Interim Balance Sheet 11 Condensed Interim Profit and Loss Account (Unaudited) 12 Condensed Interim Statement of…
Vision To maintain PPLs position as the premier producer of hydrocarbons in the country by exploiting conventional and unconventional oil and gas resources, resulting in value addition to shareholders investment and the nation as…
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.…
Company Information Board of Directors Mr. Hidayatullah Pirzada - Chairman (Non-Executive Director) Mr. Asim Murtaza Khan - Chief Executive Officer / Managing Director Mr. Sajid Zahid (Non-Executive Director) Mr. Saifullah Khan…
Directors Interim Review Your directors are pleased to present the unaudited condensed interim financial statements for the quarter ended September 30, 2012 and a brief review of the Company operations. FINANCIAL AND OPERATIONAL…
Directors Interim Review CORPORATE STRATEGY AND FOCUS AREAS 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…
Directors Interim Review In Bahawalpur East Block, JV partners agreed to relinquish the block as there was no prospectivity. In Gambat South Block, preparations are underway to spud-in two exploratory wells in first half of 2013. 3D…
Directors Interim Review Relief and assistance for flood affected areas During the period under review, the Company played an active role in providing relief and assistance to communities affected by the recent flash floods and rains.…
Directors Interim Review Industrial Relations The Industrial Relations climate, law and order situation and overall discipline remained satisfactory at all locations including Sui gas Field. ACKNOWLEDGEMENT The Board is thankful to the…
Condensed Interim Balance Sheet As at September 30, 2012 Note September June 30, 2012 30, 2012 Unaudited Audited Rs 000 NON-CURRENT ASSETS Fixed assets Property, plant and equipment 4 55,526,779 55,313,451 Intangible assets 423,677…
Condensed Interim Profit and Loss Account (Unaudited) for the quarter ended September 30, 2012 Note Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 Sales - net 12 24,472,315 22,647,085 Field expenditures…
Condensed Interim Statement of Comprehensive Income (Unaudited) for the quarter ended September 30, 2012 Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 Profit after taxation 11,298,010 9,886,549 Other…
Condensed Interim Cash Flow Statement (Unaudited) for the quarter ended September 30, 2012 Note Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from…
14 Subscribed and paid-up Revenue reserves share capital Capital Total reserve General and Assets reserves Convertible Insurance Unappropriated Ordinary contingency acquisition Total Total preference reserve profit reserve…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 1. LEGAL STATUS AND NATURE OF BUSINESS Pakistan Petroleum Limited (the Company) was incorporated in Pakistan…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 Staff costs of the Company for…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 September June 30, 2012 30, 2012 Unaudited Audited Rs 000 4.1 Capital work-in-progress Plant,…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 September June 30, 2012 30, 2012 Unaudited Audited Rs 000 6. TRADE DEBTS Unsecured and considered…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 September June 30, 2012 30, 2012 Unaudited Audited Rs 000 8. SHORT-TERM INVESTMENTS Held-to-maturity…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 12. SALES - net Natural gas…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 14. OTHER OPERATING INCOME…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 Quarter ended Quarter ended September September 30, 2012 30, 2011 Rs 000 17. TRANSACTIONS WITH RELATED…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) for the quarter ended September 30, 2012 Quarter ended Quarter ended September September 30, 2012 30, 2011 18. BASIC AND DILUTED EARNINGS PER…
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