Page 3 - Pakistan Oilfields Limited - Annual Report 2021

CONTENTS

Financial Highlights | 2 Financial Statements
Vision & Mission | 5 Independent Auditor’s Report on
Strategy | 6 Financial Statements | 112
Core Values | 7 Statement of Financial Position | 118
Code of Conduct | 8 Statement of Profit or Loss | 120
Company Policies | 10 Statement of Profit or Loss and other
Oil & Gas Value Chain | 18 Comprehensive Income | 121
Global Compact | 20 Statement of Changes in Equity | 122
Products | 21 Statement of Cash Flows | 123
Year at a Glance | 23 Notes to and Forming Part of the
Our Legacy | 24 Financial Statements | 124
Strategic Focus and Future Orientation | 26
Forward Looking Statement & Future Plan | 28 Consolidated Financial Statements
Corporate Information | 30 Independent Auditor’s Report on
Group Structure | 31 Consolidated Financial Statements | 174
Board of Directors | 33 Consolidated Statement of Financial Position | 182
Profile of the Board of Directors | 34 Consolidated Statement of Profit or Loss | 184
Board Committees | 38 Consolidated Statement of Profit or Loss and other
Management Committees | 41 Comprehensive Income | 185
Organogram | 42 Consolidated Statement of Changes in Equity | 186
Consolidated Statement of Cash Flows | 187
Chairman’s Review | 45 Notes to and Forming Part of the
Consolidated Financial Statements | 188
Directors’ Report | 46
Pattern of Shareholding | 246
| 82
Other Corporate Governance | 83 Notice of Annual
Performance Indicators | 84 General Meeting (AGM) | 251
Performance Indicators Infographics | 86 Glossary | 255
Analysis of Performance Indicators | 89 Forms
DuPont Analysis | 90
Quarter Review | 91
Vertical Analysis | 94
Horizontal Analysis | 96
Annual Financial Review | 100
Statement of Value Added | 102
Geographical Presence | 103
Report of the Audit Committee | 104
Review Report to the Members | 106
Statement of Compliance with the
Code of Corporate Governance | 107

ANNUAL REPORT 2021 1