Page 17 - Condensed Interim Financial Statements for thesix months ended December 31, 2023

Condensed Interim Statement of Cashflows (Unaudited)
For the six months ended December 31, 2023

Six months ended
Note Dec. 31, 2023 Dec. 31, 2022
Rupees ('000)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 30,730,556 27,057,890
Operating and exploration costs paid (5,310,207) (6,462,811)
Royalty paid (3,567,029) (3,104,461)
Taxes paid (6,404,701) (6,343,676)
Cash provided by operating activities 15,448,619 11,146,942

CASH FLOWS FROM INVESTING ACTIVITIES
Capital Expenditure (5,593,683) (3,199,229)
Proceeds from disposal of property, plant and equipment 823 2,130
Income on bank deposits and investments at amortised cost 7,715,320 3,922,709
Investment in mutual funds - net (44,654) -
Dividend income received 255,973 517,162
Cash generated from investing activities 2,333,779 1,242,772

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend paid (12,913,931) (7,421,571)
EFFECT OF EXCHANGE RATE CHANGES (1,042,619) 3,583,172
INCREASE IN CASH AND CASH EQUIVALENTS 3,825,848 8,551,315

CASH AND CASH EQUIVALENTS AT JULY 01, 105,150,912 67,722,676
CASH AND CASH EQUIVALENTS AT DEC. 31, 108,976,760 76,273,991
CASH AND CASH EQUIVALENTS
Short term investments 16 30,745,259 18,000,514
Cash and bank balances 17 78,231,501 58,273,477
108,976,760 76,273,991

The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.

Khalid Nafees Shuaib A. Malik Abdus Sattar
Chief Financial Officer Chief Executive Director

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