Page 104 - Pakistan Oilfields Limited - Annual Report 2021

STATEMENT OF VALUE ADDITION

2021 2020
Rupees (000)
Gross revenue 39,481,675 40,184,437
Less: Operating and exploration expenses 6,181,025 8,537,235
33,300,650 31,647,202
Add: Income from investments 2,026,288 3,217,859
Other income (487,376) 1,417,345
Total value added 34,839,562 36,282,406
Distributed as follows:
Employees remuneration 1,589,835 1,601,671

Government as:
Company taxation 7,296,079 5,358,546
Sales tax 3,167,504 3,365,841
Excise duty 272,314 279,055
Royalty 3,907,673 4,010,063
Workers' funds 1,545,323 1,382,967
16,188,893 14,396,472
Shareholders as:
Dividend 14,192,755 14,192,755
Retained in business:
Depreciation 1,466,825 1,498,587
Amortization 2,211,754 2,409,826
Net earnings (810,500) 2,183,095
2,868,079 6,091,508
34,839,562 36,282,406

Distribution of Value Addition:
Employees as remuneration 1,589,835 1,601,671
Government as taxes 16,188,893 14,396,472
Shareholders as dividends 14,192,755 14,192,755
Retained within the business 2,868,079 6,091,508
34,839,562 36,282,406

Distribution of value addition
5%
8% 4%
17%

40%
2021 2020
41% 46%

39%

Employees as Government as Shareholders as Retained within
remuneration taxes dividends the business
102 PAKISTAN OILFIELDS LIMITED