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195
PAKISTAN OILFIELDS LIMITED
CONSOLIDATED
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
40,931,211
44,674,776
Operating and exploration costs paid
(9,538,375)
(11,100,694)
Royalty paid
(4,138,877)
(4,440,890)
Taxes paid
(3,873,614)
(7,635,557)
Cash provided by operating activities
46
23,380,345
21,497,635
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure
(6,738,786)
(1,400,918)
Proceeds from disposal of property, plant and equipment
7,356
5,847
Redemption of/ (investment in) mutual funds - net
807,005
(804,198)
Income on bank deposits and investments at amortised cost
3,081,781
1,892,089
Dividend income received
141,591
442,638
Cash (used)/ generated in investing activities
(2,701,053)
135,458
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid
(14,169,614)
(11,570,301)
Dividend paid to non-controlling interest holders
(12,734)
(9,923)
Cash used in financing activities
(14,182,348)
(11,580,224)
EFFECT OF EXCHANGE RATE CHANGES
900,086
4,236,227
INCREASE IN CASH AND CASH EQUIVALENTS
7,397,030
14,289,096
CASHANDCASHEQUIVALENTSATBEGINNINGOFTHEYEAR
35,912,647
21,623,551
CASH AND CASH EQUIVALENTS AT END OF THE YEAR
41
43,309,677
35,912,647
The annexed notes 1 to 51 form an integral part of these financial statements.
Shuaib A. Malik
Chief Executive
Abdus Sattar
Director
Khalid Nafees
Chief Financial Officer