Page 15 - Condensed Interim Financial Statements For the nine months ended March 31, 2023

Condensed Interim Statement of Cash Flows (Unaudited)
For the nine months ended March 31, 2023

Nine months ended
Note Mar. 31, 2023 Mar. 31, 2022
Rupees ('000)
CASH FLOWS FROM OPERATING ACTIVITIES

Cash receipts from customers 41,447,434 34,008,959
Operating and exploration costs paid (9,078,935) (5,321,565)
Royalty paid (5,196,771) (3,786,689)
Taxes paid (11,416,236) (6,057,540)
Cash provided by operating activities 15,755,492 18,843,165

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditure (3,592,734) (2,069,507)
Proceeds from disposal of property, plant and equipment (2,946) 6,677
Income on bank deposits and investments at amortised cost 6,602,320 2,168,898
Investments in mutual funds - net - (511,265)
Dividend income received 633,183 507,727
Cash used in investing activities 3,639,823 102,530

CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid (10,116,263) (14,158,086)
EFFECT OF EXCHANGE RATE CHANGES 14,388,077 3,707,864

INCREASE IN CASH AND CASH EQUIVALENTS 23,667,129 8,495,473

CASH AND CASH EQUIVALENTS AT JULY 01, 67,722,676 47,572,206
CASH AND CASH EQUIVALENTS AT MAR. 31, 91,389,805 56,067,679

CASH AND CASH EQUIVALENTS
Short term investment 22,138,727 -
Cash and bank balances 69,251,078 56,067,679
91,389,805 56,067,679

The annexed notes 1 to 28 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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