Page 14 - Pakistan Oilfields Limited - Condensed Interim Financial Statements Six Months Period Ended December 31, 2023

Condensed Interim Statement of Profit or Loss (Unaudited)
For the six months period ended December 31, 2022

Three months period ended Six months period ended

Note Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2021
Rupees ('000)
SALES 15,138,761 14,824,130 32,283,481 27,860,729
Sales tax (1,060,380) (2,152,732) (2,172,080) (4,047,432)
Excise duty (56,943) (61,492) (113,562) (126,059)
NET SALES 17 14,021,438 12,609,906 29,997,839 23,687,238
Operating costs 18 (3,083,605) (2,178,304) (5,193,090) (4,192,271)
Royalty (1,557,044) (1,315,041) (3,331,416) (2,488,378)
Amortization of development
and decommissioning costs 19 (1,003,170) (627,141) (1,506,366) (1,401,095)
(5,643,819) (4,120,486) (10,030,872) (8,081,744)

GROSS PROFIT 8,377,619 8,489,420 19,966,967 15,605,494
Exploration costs 20 (953,510) (107,843) (5,479,722) (558,518)
7,424,109 8,381,577 14,487,245 15,046,976

Administration expenses (54,770) (55,382) (178,599) (121,497)
Finance costs - net 21 486,088 (934,742) (2,349,330) (2,397,148)
Other charges 22 (661,604) (539,963) (1,154,102) (955,678)
(230,286) (1,530,087) (3,682,031) (3,474,323)
7,193,823 6,851,490 10,805,214 11,572,653
Other income - net 23 2,103,560 2,017,867 8,738,599 4,717,741

PROFIT BEFORE TAXATION 9,297,383 8,869,357 19,543,813 16,290,394
Provision for taxation 24 (3,343,757) (3,204,238) (5,190,679) (5,367,646)
PROFIT FOR THE PERIOD 5,953,626 5,665,119 14,353,134 10,922,748

Earnings per share
- Basic and diluted (Rupees) 20.98 19.96 50.57 38.48

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

Khalid Nafees Shuaib A. Malik Abdus Sattar
CFO Chief Executive Director

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