Page 17 - Condensed Interim Financial Statements - September 2023

Condensed Interim Statement of Cash Flows (Unaudited)
For the three months ended September 30, 2023

Three months ended
Sep 30, 2023 Sep 30, 2022
Rupees (’000)
CASH FLOWS FROM OPERATING ACTIVITIES

Cash receipts from customers 15,094,432 14,359,284
Operating and exploration costs paid (1,906,975) (4,345,509)
Royalty paid (1,741,744) (1,692,711)
Taxes paid (3,815,557) (2,478,575)
Cash provided by operating activities 7,630,156 5,842,489

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditure (2,410,551) (840,402)
Proceeds from disposal of property, plant and equipment - 2,130
Income on bank deposits and investment at amortised cost 3,607,892 1,893,076
Investment in mutual funds - net (34,696) -
Dividend income received 8,090 209,541
Cash generated from investing activities 1,170,735 1,264,345

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend paid (750) (2,863,994)

EFFECT OF EXCHANGE RATE CHANGES 408,349 4,127,952

INCREASE IN CASH AND CASH EQUIVALENTS 9,208,490 8,370,792

CASH AND CASH EQUIVALENTS AT JULY 01, 105,150,912 67,722,676

CASH AND CASH EQUIVALENTS AT SEP 30, 114,359,402 76,093,468

The annexed notes 1 to 25 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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