Attock Petroleum Financial Report 2010
BALANCE SHEET
AS AT JUNE 30, 2010 Note 2009
2010 Rupees ('000)
SHARE CAPITAL AND RESERVES Authorised capital 6 1,500,000 1,500,000
Issued, subscribed and paid up capital Reserves Special reserve Revenue reserve Unappropriated profit
6
576,000
576,000
7
17,043
34,097
8,643,534 9,236,577
6,472,171 7,082,268
NON CURRENT LIABILITIES
Long term deposits
8
178,908
159,538
Deferred income tax liability
9
110,000 288,908
92,000 251,538
CURRENT LIABILITIES
Trade and other payables
10
11,554,057
10,730,633
Provision for income tax
363,110 11,917,167
207,993 10,938,626
CONTINGENCIES AND COMMITMENTS
11
21,442,652
18,272,432
54
ATTOCK PETROLEUM LIMITED - 2010 ANNUAL REPORT
Note
2010 Rupees ('000)
2009
NON CURRENT ASSETS
Property, plant and equipment
12
1,217,217
1,130,875
Long term investments in associated companies
13
765,739
733,397
Long term prepayments
14
30,463
-
CURRENT ASSETS
Stores and spares
6,630
2,827
Stock in trade
15
993,282
141,507
Trade debts
16
7,602,060
7,835,521
Advances, deposits, prepayments and other receivables 17 719,904 993,395
Short term investments
18
831,754
-
Cash and bank balances
19
9,275,603 19,429,233
7,434,910 16,408,160
21,442,652 The annexed notes 1 to 37 form an integral part of these financial statements.
18,272,432
Shuaib A. Malik Chief Executive
Babar Bashir Nawaz Director
ATTOCK PETROLEUM LIMITED - 2010 ANNUAL REPORT 55
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2010 Note 2009
2010 Rupees ('000)
Sales Sales tax NET SALES Cost of products sold GROSS PROFIT Other operating income Operating expenses OPERATING PROFIT Finance cost Income on bank deposits and short term investments Share of profit of associated companies Other charges PROFIT BEFORE TAXATION Provision for taxation PROFIT FOR THE YEAR
AS AT JUNE 30, 2010 Note 2009
2010 Rupees ('000)
SHARE CAPITAL AND RESERVES Authorised capital 6 1,500,000 1,500,000
Issued, subscribed and paid up capital Reserves Special reserve Revenue reserve Unappropriated profit
6
576,000
576,000
7
17,043
34,097
8,643,534 9,236,577
6,472,171 7,082,268
NON CURRENT LIABILITIES
Long term deposits
8
178,908
159,538
Deferred income tax liability
9
110,000 288,908
92,000 251,538
CURRENT LIABILITIES
Trade and other payables
10
11,554,057
10,730,633
Provision for income tax
363,110 11,917,167
207,993 10,938,626
CONTINGENCIES AND COMMITMENTS
11
21,442,652
18,272,432
54
ATTOCK PETROLEUM LIMITED - 2010 ANNUAL REPORT
Note
2010 Rupees ('000)
2009
NON CURRENT ASSETS
Property, plant and equipment
12
1,217,217
1,130,875
Long term investments in associated companies
13
765,739
733,397
Long term prepayments
14
30,463
-
CURRENT ASSETS
Stores and spares
6,630
2,827
Stock in trade
15
993,282
141,507
Trade debts
16
7,602,060
7,835,521
Advances, deposits, prepayments and other receivables 17 719,904 993,395
Short term investments
18
831,754
-
Cash and bank balances
19
9,275,603 19,429,233
7,434,910 16,408,160
21,442,652 The annexed notes 1 to 37 form an integral part of these financial statements.
18,272,432
Shuaib A. Malik Chief Executive
Babar Bashir Nawaz Director
ATTOCK PETROLEUM LIMITED - 2010 ANNUAL REPORT 55
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2010 Note 2009
2010 Rupees ('000)
Sales Sales tax NET SALES Cost of products sold GROSS PROFIT Other operating income Operating expenses OPERATING PROFIT Finance cost Income on bank deposits and short term investments Share of profit of associated companies Other charges PROFIT BEFORE TAXATION Provision for taxation PROFIT FOR THE YEAR