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PERFORMANCE INDICATORS
(Rupees millions unless otherwise stated)
2015
2016
2017
2018
2019
2020
PROFIT & LOSS SUMMARY
Net sales
Crude oil
16,266
9,652
12,036
17,598
22,374
17,264
Gas
7,760
9,627
9,500
8,573
13,618
14,137
POLGAS-Refill of cylinders
6,654
5,373
5,608
6,306
7,420
6,567
LPG
-
-
-
-
-
-
Solvent oil
189
186
131
180
246
220
Sulphur
12
10
6
8
10
8
Total Net Sales
30,881
24,848
27,281
32,665
43,668
38,196
Cost of sales
14,614
13,605
13,209
15,529
18,258
15,828
Gross profit
16,267
11,243
14,072
17,136
25,410
22,368
Exploration costs
4,729
2,052
1,468
2,990
2,049
1,405
Administration expenses
140
140
109
170
181
192
Finance costs
987
1,022
746
1,919
3,774
2,212
Other charges
485
560
809
967
1,728
1,383
Other income
1,563
1,411
1,473
3,262
7,177
4,558
Operating profit
11,489
8,880
12,413
14,352
24,855
21,734
Profit before taxation
11,489
8,880
12,413
14,352
24,855
21,734
Provision for taxation
3,030
1,646
2,734
2,969
7,983
5,358
Profit for the year
8,459
7,234
9,679
11,383
16,872
16,376
Earnings before interest, taxes, depreciation
and amortization (EBITDA)
15,789
12,751
16,200
18,897
29,798
25,643
Dividends
9,462
8,279
9,462
10,053
14,193
14,193
BALANCE SHEET SUMMARY
Paid-up capital
2,365
2,365
2,365
2,365
2,839
2,839
Reserves
1,760
1,760
1,760
1,760
1,758
1,758
Unappropriated profit
28,239
26,028
27,373
28,643
33,475
35,670
Deferred liabilities
725
831
847
837
845
861
Long term deposits
13,819
15,637
14,999
15,643
17,057
20,027
Current liabilities
8,536
9,096
10,307
20,917
25,516
30,441
Fixed assets (less depreciation)
10,489
10,421
9,855
9,405
8,499
7,542
Development & decommissioning costs
12,412
14,585
13,373
12,597
11,054
12,356
Exploration & evaluation assets
2,661
901
1,884
2,591
53
2,773
Long term investment
9,616
9,616
9,616
9,616
9,616
9,616
Other long term assets
15
12
17
15
26
27
Current assets
20,251
20,182
22,906
35,943
52,242
59,282
CASH FLOWS
Operating activities
13,035
12,467
15,674
19,327
21,425
23,263
Investing activities
(2,172)
(3,071)
(3,916)
(3,361)
137
(2,706)
Financing activities
(11,240)
(9,444)
(8,275)
(10,022)
(11,570)
(14,170)
Exchange rate effect
165
197
(65)
1,407
4,236
900
Opening balance
10,826
10,614
10,764
14,182
21,533
35,761
Cash and cash equivalents at year end
10,614
10,764
14,182
21,533
35,761
43,048
Free Cash Flows
10,000
8,604
10,661
14,552
20,025
16,526
82
PAKISTANOILFIELDS LIMITED