Page 122 - Pakistan Oilfields Limited - Annual Report 2021
P. 122
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED JUNE 30, 2021
2021 2020
Note Rupees ('000)
SALES 39,481,675 40,184,437
Sales tax (3,167,504) (3,365,841)
Excise duty (272,314) (279,055)
NET SALES 23 36,041,857 36,539,541
Operating costs 24 (8,289,319) (7,751,346)
Royalty (3,907,673) (4,010,063)
Amortization of development and decommissioning costs 25 (2,211,754) (2,409,826)
(14,408,746) (14,171,235)
GROSS PROFIT 21,633,111 22,368,306
Exploration costs 26 (494,255) (1,405,418)
21,138,856 20,962,888
Administration expenses 27 (194,508) (192,321)
Finance costs - net 28 (259,603) (2,211,617)
Other charges 29 (1,545,323) (1,382,967)
(1,999,434) (3,786,905)
19,139,422 17,175,983
Other income - net 30 1,538,912 4,558,413
PROFIT BEFORE TAXATION 20,678,334 21,734,396
Provision for taxation 31 (7,296,079) (5,358,546)
PROFIT FOR THE YEAR 13,382,255 16,375,850
Earnings per share - Basic and diluted (Rupees) 38 47.14 57.69
The annexed notes 1 to 45 form an integral part of these financial statements.
Khalid Nafees Shuaib A. Malik Abdus Sattar
Chief Financial Officer Chief Executive Director
120 PAKISTAN OILFIELDS LIMITED
