Page 125 - Pakistan Oilfields Limited - Annual Report 2021

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Note Rupees ('000)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash receipts from customers 37,039,720 40,012,595
Operating and exploration costs paid (7,499,416) (8,760,824)
Royalty paid (3,832,987) (4,138,877)

Taxes paid (6,227,800) (3,850,337)
Cash provided by operating activities 33 19,479,517 23,262,557

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditure (1,733,434) (6,736,725)
Proceeds from disposal of property, plant and equipment 31,368 7,356

Income on bank deposits and investments at amortised cost 2,088,494 3,061,397
Redemption of/ (investment in) mutual funds - net 6,548 807,005
Dividend income received 58,868 154,845
Cash generated from / (used) in investing activities 451,844 (2,706,122)

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend paid (14,162,567) (14,169,614)
EFFECT OF EXCHANGE RATE CHANGES (1,244,935) 900,086

INCREASE IN CASH AND CASH EQUIVALENTS 4,523,859 7,286,907

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 43,048,347 35,761,440
CASH AND CASH EQUIVALENTS AT END OF THE YEAR 37 47,572,206 43,048,347

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

ANNUAL REPORT 2021 123