Page 145 - Pakistan Oilfield Limited - Annual Report 2022

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Annual Report 2022
Statement of Cash Flows

For the year ended June 30, 2022

2022 2021
Note Rupees ('000)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from customers 49,995,416 37,039,720
Operating and exploration costs paid (7,672,724) (7,499,416)
Royalty paid (5,244,873) (3,832,987)
Taxes paid (9,171,786) (6,227,800)
Cash provided by operating activities 32 27,906,033 19,479,517
CASH FLOWS FROM INVESTING ACTIVITIES
Capital Expenditure (4,570,241) (1,733,434)
Proceeds from disposal of property, plant and equipment 6,088 31,368
Income on bank deposits and investments at amortised cost 3,116,215 2,088,494
Redemption of mutual funds - net 917 6,548
Dividend income received 526,278 58,868
Cash (used in) / generated from investing activities (920,743) 451,844

CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid (14,161,548) (14,162,567)
EFFECT OF EXCHANGE RATE CHANGES 7,326,728 (1,244,935)
INCREASE IN CASH AND CASH EQUIVALENTS 20,150,470 4,523,859

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 47,572,206 43,048,347
CASH AND CASH EQUIVALENTS AT END OF THE YEAR 36 67,722,676 47,572,206

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