Annual Report of Ogdcl
Financial Statements for OIL & GAS DEVELOPMENT CO LTD (OGDC)
Year over year, Oil and Gas Development Co., Ltd. has been able to grow revenues from 115.7B to 125.8B. Most impressively, the company has been able to reduce the percentage of sales devoted to cost of goods sold from 20.99% to 20.14%. This was a driver that led to a bottom line growth from 55.5B to 59.2B.
View Income Statement In U.S. Dollar
Currency in
Millions of Pakistan Rupees As of: Jun 30
2007
Reclassified
PKR Jun 30
2008
Reclassified
PKR Jun 30
2009
Restated
PKR Jun 30
2010
PKR 4-Year
Trend
Revenues 89,796.6 108,588.1 115,673.9 125,843.0
TOTAL REVENUES 89,796.6 108,588.1 115,673.9 125,843.0
Cost of Goods Sold 20,290.4 21,148.0 24,279.6 25,349.6
GROSS PROFIT 69,506.2 87,440.2 91,394.4 100,493.4
Selling General & Admin Expenses, Total 11,874.5 12,186.6 12,967.5 14,031.7
Depreciation & Amortization, Total 375.0 319.3 -- --
Other Operating Expenses 526.8 527.7 911.7 1,263.9
OTHER OPERATING EXPENSES, TOTAL 12,776.3 13,033.6 13,879.2 15,295.6
OPERATING INCOME 56,729.9 74,406.5 77,515.2 85,197.8
Interest Expense -- -9.1 -14.3 -9.4
Interest and Investment Income 3,821.6 2,752.9 1,945.9 1,712.8
NET INTEREST EXPENSE 3,821.6 2,743.8 1,931.5 1,703.4
Income (Loss) on Equity Investments 44.3 44.7 57.5 64.1
Currency Exchange Gains (Loss) -65.0 735.0 669.2 767.6
Other Non-Operating Income (Expenses) 130.3 305.3 547.2 732.9
EBT, EXCLUDING UNUSUAL ITEMS 60,661.2 78,235.3 80,720.6 88,465.8
Merger & Restructuring Charges -- -0.2 -1.2 --
Gain (Loss) on Sale of Investments 60.4 -42.2 -115.8 6.0
Gain (Loss) on Sale of Assets 33.0 114.6 160.7 75.1
Other Unusual Items, Total -- -- 163.6 5.9
Insurance Settlements -- -- 163.6 5.9
EBT, INCLUDING UNUSUAL ITEMS 60,754.5 78,307.4 80,927.9 88,552.8
Income Tax Expense 15,499.7 33,969.3 25,388.3 29,375.6
Earnings from Continuing Operations 45,254.8 44,338.1 55,539.6 59,177.1
NET INCOME 45,254.8 44,338.1 55,539.6
Year over year, Oil and Gas Development Co., Ltd. has been able to grow revenues from 115.7B to 125.8B. Most impressively, the company has been able to reduce the percentage of sales devoted to cost of goods sold from 20.99% to 20.14%. This was a driver that led to a bottom line growth from 55.5B to 59.2B.
View Income Statement In U.S. Dollar
Currency in
Millions of Pakistan Rupees As of: Jun 30
2007
Reclassified
PKR Jun 30
2008
Reclassified
PKR Jun 30
2009
Restated
PKR Jun 30
2010
PKR 4-Year
Trend
Revenues 89,796.6 108,588.1 115,673.9 125,843.0
TOTAL REVENUES 89,796.6 108,588.1 115,673.9 125,843.0
Cost of Goods Sold 20,290.4 21,148.0 24,279.6 25,349.6
GROSS PROFIT 69,506.2 87,440.2 91,394.4 100,493.4
Selling General & Admin Expenses, Total 11,874.5 12,186.6 12,967.5 14,031.7
Depreciation & Amortization, Total 375.0 319.3 -- --
Other Operating Expenses 526.8 527.7 911.7 1,263.9
OTHER OPERATING EXPENSES, TOTAL 12,776.3 13,033.6 13,879.2 15,295.6
OPERATING INCOME 56,729.9 74,406.5 77,515.2 85,197.8
Interest Expense -- -9.1 -14.3 -9.4
Interest and Investment Income 3,821.6 2,752.9 1,945.9 1,712.8
NET INTEREST EXPENSE 3,821.6 2,743.8 1,931.5 1,703.4
Income (Loss) on Equity Investments 44.3 44.7 57.5 64.1
Currency Exchange Gains (Loss) -65.0 735.0 669.2 767.6
Other Non-Operating Income (Expenses) 130.3 305.3 547.2 732.9
EBT, EXCLUDING UNUSUAL ITEMS 60,661.2 78,235.3 80,720.6 88,465.8
Merger & Restructuring Charges -- -0.2 -1.2 --
Gain (Loss) on Sale of Investments 60.4 -42.2 -115.8 6.0
Gain (Loss) on Sale of Assets 33.0 114.6 160.7 75.1
Other Unusual Items, Total -- -- 163.6 5.9
Insurance Settlements -- -- 163.6 5.9
EBT, INCLUDING UNUSUAL ITEMS 60,754.5 78,307.4 80,927.9 88,552.8
Income Tax Expense 15,499.7 33,969.3 25,388.3 29,375.6
Earnings from Continuing Operations 45,254.8 44,338.1 55,539.6 59,177.1
NET INCOME 45,254.8 44,338.1 55,539.6