Page 157 - Annual Report & Financial Statements 2017

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PAKISTAN OILFIELDS LIMITED
155
Auditors’ Report to the Members
We have audited the annexed consolidated financial statements comprising consolidated balance sheet of Pakistan
Oilfields Limited and its subsidiary company, Capgas (Private) Limited as at June 30, 2017 and the related consolidated
profit and loss account, consolidated statement of comprehensive income, consolidated cash flow statement and
consolidated statement of changes in equity together with the notes forming part thereof, for the year then ended. We
have also expressed separate opinions on the financial statements of Pakistan Oilfields Limited and Capgas (Private)
Limited. These financial statements are the responsibility of Pakistan Oilfields Limited’s management. Our responsibility
is to express an opinion on these financial statements based on our audit.
Our audit was conducted in accordance with the International Standards on Auditing and accordingly included such
tests of accounting records and such other auditing procedures as we considered necessary in the circumstances.
In our opinion, the consolidated financial statements present fairly the financial position of Pakistan Oilfields Limited
and its subsidiary company as at June 30, 2017 and the results of their operations for the year then ended.
Chartered Accountants
Islamabad
September 11, 2017
Engagement Partner: M. Imtiaz Aslam