Our People Our Strength Q QUUA ARR TT EE R R LL Y Y R R EE PP O ORR TT SS EE PP TT EE M MBB EE R R 22 00 11 00
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 Interim Condensed Balance Sheet 10 Interim Condensed Profit and Loss Account 11 Interim Condensed Statement of Comprehensive Income 12 Interim Condensed 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 interim condensed financial statements for the quarter ended September 30, 2010 and a brief review of the Companys operations. FINANCIAL AND OPERATIONAL…
Directors Interim Review Exploration The Company enhanced the momentum of its aggressive exploration plan. In addition to pursuing the work program in the pre-2009 exploration areas, activities in the 14 new Exploration blocks…
Activities relating to appraising the Maramzai discovery in Tal Block through Extended Well Testing (EWT) of the discovery well Maramzai-1 are in progress and first gas is expected by end 2010. Activities relating to appraising Rehman…
Directors Interim Review Quality Management System The Company is working to embed and nurture quality management in all its operations and has the largest number of departments and production facilities with ISO 9001 certification…
Interim Condensed Balance Sheet As at September 30, 2010 Note September June 30, 2010 30, 2010 Unaudited Audited Rs '000 Rs '000 NON-CURRENT ASSETS Fixed assets Property, plant and equipment 4 42,987,479 41,695,388 Intangible assets…
Interim Condensed Profit and Loss Account (Unaudited) For the quarter ended September 30, 2010 Note Quarter ended Quarter ended September September 30, 2010 30, 2009 Rs '000 Rs '000 Sales - net 11 18,218,622 12,187,886 Field…
Interim Condensed Statement of Comprehensive Income (Unaudited) For the quarter ended September 30, 2010 Quarter ended Quarter ended September September 30, 2010 30, 2009 Rs '000 Rs '000 Profit after taxation 7,789,572 4,974,871…
Interim Condensed Cash Flow Statement (Unaudited) For the quarter ended September 30, 2010 Note Quarter ended Quarter ended September September 30, 2010 30, 2009 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 Interim Condensed Financial Statements (Unaudited) For the quarter ended September 30, 2010 1. LEGAL STATUS AND NATURE OF BUSINESS Pakistan Petroleum Limited (the Company) was incorporated in…
Note September June 30, 2010 30, 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 129,629 11,298,921 - Assets subject to…
Notes to and Forming Part of the Interim Condensed Financial Statements (Unaudited) For the quarter ended September 30, 2010 September June 30, 2010 30, 2010 Unaudited Audited Rs 000 Rs 000 6. TRADE DEBTS Unsecured and…
September June 30, 2010 30, 2010 Unaudited Audited Rs 000 Rs 000 8. DEFERRED TAXATION Credit / (debit) balances arising on account of: Exploration expenditure (3,358,300) (3,174,704) Amortisation of intangible assets (346) (551)…
Notes to and Forming Part of the Interim Condensed Financial Statements (Unaudited) For the quarter ended September 30, 2010 September June 30, 2010 30, 2010 Unaudited Audited Rs 000 Rs 000 Corporate guarantees (including share…
Quarter ended Quarter ended September September 30, 2010 30, 2009 Rs 000 Rs 000 15. TRANSACTIONS WITH RELATED PARTIES Related party transactions and outstanding balances are as follows: Sale of gas / condensate to State…
Notes to and Forming Part of the Interim Condensed Financial Statements (Unaudited) For the quarter ended September 30, 2010 Quarter ended Quarter ended September September 30, 2010 30, 2009 16. EARNINGS PER SHARE 16.1 BASIC…
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