Page 127 - Pakistan Oilfields Limited - Annual Report 2020

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125
PAKISTANOILFIELDS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2020
2020
2019
Note
Rupees ('000)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers
40,012,595
43,499,340
Operating and exploration costs paid
(8,760,824)
(10,008,456)
Royalty paid
(4,138,877)
(4,440,890)
Taxes paid
(3,850,337)
(7,624,810)
Cash provided by operating activities
35
23,262,557
21,425,184
CASH FLOWS FROM INVESTING ACTIVITIES
Capital Expenditure
(6,736,725)
(1,400,076)
Proceeds from disposal of property, plant and equipment
7,356
5,847
Income on bank deposits and investments at amortised cost
3,061,397
1,882,951
Redemption of/ (investment in) mutual funds - net
807,005
(804,198)
Dividend income received
154,845
452,965
Cash (used)/ generated in investing activities
(2,706,122)
137,489
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid
(14,169,614)
(11,570,301)
EFFECT OF EXCHANGE RATE CHANGES
900,086
4,236,227
INCREASE IN CASH AND CASH EQUIVALENTS
7,286,907
14,228,599
CASHANDCASHEQUIVALENTSATBEGINNINGOFTHEYEAR
35,761,440
21,532,841
CASHAND CASH EQUIVALENTS AT ENDOFTHEYEAR
39
43,048,347
35,761,440
The annexed notes 1 to 47 form an integral part of these financial statements.
Shuaib A. Malik
Chief Executive
Abdus Sattar
Director
Khalid Nafees
Chief Financial Officer