Page 142 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Statement of Profit or Loss

For the year ended June 30, 2022

2022 2021
Note Rupees ('000)
SALES 58,394,092 39,481,675
Sales tax (6,203,987) (3,167,504)
Excise duty (245,203) (272,314)

NET SALES 22 51,944,902 36,041,857

Operating costs 23 (9,115,363) (8,289,319)
Royalty (5,563,309) (3,907,673)
Amortization of development and decommissioning costs 24 (3,318,737) (2,211,754)
(17,997,409) (14,408,746)

GROSS PROFIT 33,947,493 21,633,111
Exploration costs 25 (877,038) (494,255)

33,070,455 21,138,856

Administration expenses 26 (205,632) (194,508)
Finance costs - net 27 (5,548,542) (259,603)
Other charges 28 (2,026,370) (1,545,323)

(7,780,544) (1,999,434)
25,289,911 19,139,422

Other income - net 29 11,697,469 1,538,912
PROFIT BEFORE TAXATION 36,987,380 20,678,334
Provision for taxation 30 (11,052,267) (7,296,079)

PROFIT FOR THE YEAR 25,935,113 13,382,255

Earnings per share - Basic and diluted (Rupees) 37 91.37 47.14

The annexed notes 1 to 43 form an integral part of these financial statements.

Khalid Nafees Shuaib A. Malik Abdus Sattar
Chief Financial Officer Chief Executive Director