Page 121 - Pakistan Oilfield Limited - Annual Report 2022

119
Annual Report 2022
Statement of Value Added

2022 2021
Rupees (‘000)

Gross revenue 58,394,092 39,481,675
Less: Operating and exploration expenses 12,640,789 6,181,025
45,753,303 33,300,650
Add: Income from investments 3,687,463 2,026,288
Other income 8,010,006 (487,376)
Total value added 57,450,772 34,839,562
Distributed as follows:

Employees remuneration 1,626,241 1,589,835
Government as:
Company taxation 11,052,267 7,296,079
Sales tax 6,203,987 3,167,504
Excise duty 245,203 272,314
Royalty 5,563,309 3,907,673
Workers' funds 2,026,370 1,545,323
25,091,136 16,188,893
Shareholders as:
Dividend 19,869,857 14,192,755
Retained in business:

Depreciation 1,479,545 1,466,825
Amortization 3,318,737 2,211,754
Net earnings 6,065,256 (810,500)
10,863,538 2,868,079

57,450,772 34,839,562
Distribution of Value Addition:
Employees as remuneration 1,626,241 1,589,835
Government as taxes 25,091,136 16,188,893
Shareholders as dividends 19,869,857 14,192,755
Retained within the business 10,863,538 2,868,079
57,450,772 34,839,562

Distribution of Value Addition Distribution of Value Addition
as on June 30, 2022 as on June 30, 2021

3% 5%
8%
19%

46%
44%
41%
34%

Employees as remuneration Employees as remuneration
Government as taxes Government as taxes
Shareholders as dividends Shareholders as dividends
Retained within the business Retained within the business