Half Yearly Report December 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 Company Information 04 Directors Interim Review 09 Auditors Interim Review Report 10 Condensed Interim Balance Sheet 11 Condensed Interim Profit and Loss Account (Unaudited) 12 Condensed Interim…
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 a…
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) Dr. Amer Sheikh…
Directors Interim Review Your directors are pleased to present the unaudited condensed interim financial statements for the half year ended December 31, 2012 and a brief review of the Companys operations. FINANCIAL AND OPERATIONAL…
Directors Interim Review Operational A comparison of Companys share of sales volume from all PPL-operated and partner-operated fields is given below: Unit Quarter ended Quarter ended Half year ended Half year ended December December…
Directors Interim Review New and Ongoing Activities Currently, the Companys portfolio consists of thirty five exploration blocks, out of which eighteen are PPL operated (including Block-8 in Iraq) and the remaining seventeen, including…
Directors Interim Review Corporate Social Responsibility PPL, as a responsible corporate entity, has always played an active role in the uplift and development of marginalized communities. Through the Companys Corporate Social…
Directors Interim Review Occupational Health, Safety and Environment (HSE) PPLs well-defined HSE Policy plays a key role in its decision making process to ensure compliance with statutory requirements and to achieve continual…
Auditors Report to the Members on Review of Interim Financial Information Introduction We have reviewed the accompanying condensed interim balance sheet of Pakistan Petroleum Limited (the Company) as at 31 December 2012 and the related…
Condensed Interim Balance Sheet As at December 31, 2012 Note December June 31, 2012 30, 2012 Unaudited Audited Rs 000 NON-CURRENT ASSETS Fixed assets Property, plant and equipment 4 58,870,804 55,313,451 Intangible assets 438,387…
Condensed Interim Profit and Loss Account (Unaudited) for the half year ended December 31, 2012 Note Quarter ended Quarter ended Half year ended Half year ended December December December December 31, 2012 31, 2011 31, 2012 31, 2011…
Condensed Interim Statement of Comprehensive Income (Unaudited) for the half year ended December 31, 2012 Quarter ended Quarter ended Half year ended Half year ended December December December December 31, 2012 31, 2011 31, 2012 31,…
Condensed Interim Cash Flow Statement (Unaudited) for the half year ended December 31, 2012 Note Half year ended Half year ended December December 31, 2012 31, 2011 Rs 000 CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from…
14 Subscribed and paid-up Revenue reserves share capital Capital Total General and Assets Dividend Total Convertible reserve Insurance Unappropriated reserves Ordinary contingency acquisition equalization Total preference reserve…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 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 half year ended December 31, 2012 Half year ended Half year ended December December 31, 2012 31, 2011 Rs 000 Staff costs of the Company…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 December June 31, 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 half year ended December 31, 2012 December June 31, 2012 30, 2012 Unaudited Audited Rs 000 6. TRADE DEBTS Unsecured and considered good…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 7. LOANS AND ADVANCES During the current period, the Company has entered into an Exploration, Development…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 December June 31, 2012 30, 2012 Unaudited Audited Rs 000 11. TRADE AND OTHER PAYABLES Creditors 98,255…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 Half year ended Half year ended December December 31, 2012 31, 2011 Rs 000 14. FIELD EXPENDITURES…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 Half year ended Half year ended December December 31, 2012 31, 2011 Rs 000 16. TAXATION Current -…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 Half year ended Half year ended December December 31, 2012 31, 2011 19. EARNINGS PER SHARE 19.1 Basic…
Notes to and Forming Part of the Condensed Interim Financial Statements (Unaudited) For the half year ended December 31, 2012 22.GENERAL 22.1 Corresponding figures have been reclassified for the purpose of better presentation and…
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