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Profit and Loss Account

This document summarizes the profit and loss account for Oil & Gas Development Company Limited for the year ended June 30, 2009. It shows the company had sales of Rs. 130.8 billion in 2009, with a gross profit of Rs. 91.4 billion. After additional income, expenses, taxes and other items, the company reported a profit for the year of Rs. 55.5 billion, compared to a profit of Rs. 44.3 billion in 2008. Earnings per share were Rs. 12.91 in 2009, up from Rs. 10.31 in 2008.

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145 views1 page

Profit and Loss Account

This document summarizes the profit and loss account for Oil & Gas Development Company Limited for the year ended June 30, 2009. It shows the company had sales of Rs. 130.8 billion in 2009, with a gross profit of Rs. 91.4 billion. After additional income, expenses, taxes and other items, the company reported a profit for the year of Rs. 55.5 billion, compared to a profit of Rs. 44.3 billion in 2008. Earnings per share were Rs. 12.91 in 2009, up from Rs. 10.31 in 2008.

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muazzampk
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Profit and Loss Account

for the year ended 30 June 2009

2009 2008
Note (Rupees '000)

Sales - net 24 130,829,579 125,908,304

Royalty (15,155,667) (17,320,187)


Operating expenses 25 (22,673,893) (19,613,345)
Transportation charges (1,522,489) (1,472,615)
(39,352,049) (38,406,147)

Gross profit 91,477,530 87,502,157

Other income 26 3,370,823 3,865,536


Exploration and prospecting expenditure 27 (7,459,560) (6,612,836)
General and administration expenses 28 (1,332,982) (1,248,640)
Provision for impairment loss - (319,283)
Finance cost 29 (926,027) (536,799)
Workers' profit participation fund (4,259,364) (4,387,411)
Share of profit in associate - net of taxation 15 57,503 44,680
Profit before taxation 80,927,923 78,307,404
Taxation 30 (25,388,282) (33,969,293)
Profit for the year 55,539,641 44,338,111

Earnings per share - basic and diluted (Rupees) 31 12.91 10.31

The annexed notes 1 to 39 form an integral part of these financial statements.

Chief Executive Chairman

56 Oil & Gas Development Company Limited

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