Page 123 - Pakistan Oilfield Limited - Annual Report 2022

121
Annual Report 2022

Analysis of Analysis of variation in interim
Statement of results as compared to full year

Financial Position results

Non-Current Assets: Production volumes were higher in Q-1 as compared
to Q-2, Q-3, and Q-4. The lower in production mainly
During the year, the additions to Property, Plant & due to TAL block.
Equipment were Rs 1,502 million (June 2021 Rs 608
million). Development and decommissioning cost Crude oil price showed an increasing trend during
increased by Rs 583 million mainly due to addition of the year, Gas price showed increasing trend due to
Ratana, Adhi south and Tolanj West. Further, amortization higher exchange rate and POLGAS price also showed
increasing trend.
of development & decommissioning cost for the period
is Rs 3,709 million. Exploration and evaluation additions Net Sales increased by 44.1% due to increase in
during the year of Rs 2,508 mainly relates to DG Khan. prices and higher exchange rate during the year. Cost
of sales, exploration cost, other charges and taxation
Non-Current Liabilities: were also increased during the year.. Other income
also increase by 660.1% due to higher mark-up rates
Provision for decommissioning costs increased by Rs and exchange gain on foreign currency balances.
4,734 million and provision for deferred income tax Profit after tax Rs 25,935 million (2021: Rs 13,382
increased by Rs 259 million. million).

EPS analysis
(Rs)
110
105 70.38 6.81
100 5.82 35.79 13.23
95
90 1.35
85 20.36
80
75
70
65
60
55
50 14.37
45 91.37
40
35
30
25
20 47.14
15
10
5
0 EPS Volume Var. Price Var. Cost of Sales Royalty Exploration Other Cost Other Prov. for EPS
JUNE 2021 Cost Income Tax JUNE 2022