Page 3 - Pakistan Oilfields Limited - Annual Report 2020

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PAKISTANOILFIELDS LIMITED
CONTENTS
Financial Highlights | 2
Vision & Mission | 5
Strategy | 6
Core Values | 7
Code of Conduct | 8
Company Policies | 10
Global Compact | 16
Products | 17
Oil & Gas Value Chain | 18
Year at a Glance | 19
Our Legacy | 20
Strategic Focus and Future Orientation | 22
Forward Looking Statement & Future Plan | 24
Corporate Information | 26
Board of Directors | 29
Profile of the Board of Directors | 30
Board Committees | 34
Management Committees | 36
Organogram | 38
Chairman’s Review
| 41
Directors’ Report
| 42
| 79
Other Corporate Governance | 80
Performance Indicators | 82
Performance Indicators Infographics | 84
Analysis of Performance Indicators | 88
DuPont Analysis | 89
Quarter Review | 90
Vertical Analysis | 94
Horizontal Analysis | 96
Annual Financial Review | 100
Statement of Value Added | 102
Geographical Presence | 103
Report of the Audit Committee | 104
Review Report to the Members | 106
Statement of Compliance with the
Code of Corporate Governance | 107
Financial Statements
Independent Auditor’s Report on
Financial Statements | 112
Statement of Financial Position | 120
Statement of Profit or Loss | 122
Statement of Profit or Loss and other Comprehensive
Income | 123
Statement of Changes in Equity | 124
Statement of Cash Flows | 125
Notes to and Forming Part of the
Financial Statements | 126
Consolidated Financial Statements
Independent Auditor’s Report on
Consolidated Financial Statements | 182
Consolidated Statement of Financial Position | 190
Consolidated Statement of Profit or Loss | 192
Consolidated Statement of Profit or Loss and other
Comprehensive Income | 193
Consolidated Statement of Changes in Equity | 194
Consolidated Statement of Cash Flows | 195
Notes to and Forming Part of the
Consolidated Financial Statements | 196
Pattern of Shareholding | 257
Notice of Annual
General Meeting (AGM)
| 266
Glossary | 270
Forms