HUB POWER COMPANY LIMITED
2013
Property Plant and Equipment at NBV (Rs.Millions) 43463
% Growth in PPE over 1 year -5.59
Sales Revenue (Rs. Millions) 165,862
Avg Fixed Assets (Rs. Millions) 43,419
Fixed Assets Turnover Ratios (times) 3.82
Net Profit (Rs. Millions) 9,600
PLANT CAPACITIES/PRODUCTION
Hub Plant Capacity (GWh) 10512
Hub Plant Production (GWh) 7673
Load Factor (%) 73.0
Remaining Capacity (%) 27.0
Narowal Plant Capacity (GWh) 1873
Narowal Plant Production (GWh) 820
Load Factor (%) 43.78
Remaining Capacity (%) 56.22
ITEMIZED CLASSIFICATION OF PPE (Rs. 000s)
Operating Property Plant and Equipment 43,395,401
Capital Work-in-Process:
Narowal Plant 13,561
Hub Plant 53,708
Total 43,462,670
% Constitution of Operating PPE 99.85
% Constitution of Capital Work-in-Process 0.16
Categorization of Operating PPE (Rs.000s) At Cost
Freehold Land 68,624
Building on Freehold Land 849,077
Leasehold Property 862
Plant and machinery 78,404,843
Furnitures and fixtures 50,951
Vehicles 147,030
Office Equipment 27,842
TOTAL 79,549,229
% Constition of Plant and machinery in PPE 98.56
Combined Production of Hub and Narowal Plants (kilowatts) 8493000000
Electricity Produced per dollar of Plant/Machinery Investment (kilowatts) 108.32
Average Age of Assets in Years
Depreciation Rate per Annum:
Freehold Land
Building on Freehold Land 3.33 to 20
Leasehold Property 3.33
Plant and machinery 3.33 to 33.33
Furnitures and fixtures 20
Vehicles 25
Office Equipment 2
MARKET SHARE Fiscal Year
2013-14
2014-15
2015-16
2016-17
2014 2015 2016 2017
41223 38818 36587 17262
-5.15 -5.83 -5.75 -52.82
161,807 131,484 86,415 78,590
41,172 38,786 36,617 17,273
3.93 3.39 2.36 4.55
11,576 9,853 6,549 9,338
10512 10512 10541 10512
7087 6809 7547 6793
67.42 64.77 71.6 64.62
32.6 35.2 28.4 35.4
1873 1873 1873 1878
1562 1418 1334 1162
83.40 75.71 71.22 61.87
16.60 24.3 28.78 38.13
41,095,800 38,732,105 36,453,125 17,049,483
36,785 43,530 9,500 -
90,611 42,561 124,271 212,509
41,223,196 38,818,196 36,586,896 17,261,992
99.69 99.78 99.63 98.77
0.31 0.22 0.37 1.25
68,624 69,530 70,788 15,225
966,919 1,009,731 1,071,443 413,184
862 862 862 862
71,924,676 72,076,137 72,401,594 50,586,775
41,344 109,902 109,566 103,282
143,457 160,276 246,926 244,373
7,565 14,148 19,304 32,577
73,153,447 73,440,586 73,920,483 51,396,278
98.32 98.14 97.95 98.42
8649000000 8227000000 8881000000 7955000000
120.25 114.14 122.66 157.25
10.64 11.72 11.86
3.33 to 20 3.33 to 20 3.33 to 25 3.33 to 25
3.33 3.33 to 20 3 3
3.33 to 33.33 3.33 to 33.33 3.33 to 33.33 3.33 to 33.33
20 10 to 20 20 20
25 25 25 25
20 10 to 20 20 20
Electricity generation in Pakistan(GWH) Company's Share (GWH) %Age
105996 9119 8.60%
109059 8717 8%
106356 9254 8.7%
115357 8590 7.4%
8.19%
HUBCO Financial Reports (2013-2017)
Property Plant and Equipment:
(a) Operating Property, Plant and Equipment (Owned)
i)These are stated at cost less accumulated depreciation and impairment losses except for freehold
ii)Depreciation follows the straight-line method over the estimated useful lives of the assets at the
is charged for the full month in which an asset is available for use and on disposals up to the mont
iii)Maintenance and repairs are charged to profit and loss account as and when incurred. Major ren
(b)Operating Property,Plant and Equipment (Leased)
i)A finance lease is a lease that transfers substantially all the risks and rewards incidental to owners
ii)Assets subject to finance lease are recorded at the lower of present value of minimum lease pay
iii)Assets under finance lease are depreciated on a straight line method at the rates specified in the
iv)The finance cost is charged to profit and loss account and is included under finance costs.
v)Capital work-in-progress is stated at cost. Items are transferred to operating property, plant and e
vi) Capital spare parts and servicing equipment are classified as property, plant and equipment und
definition of property, plant and equipment. Available for use capital spares and servicing equipme
whichever is lower
Note: Depreciation is allocated to operating costs and general and administration expenses in th
nt losses except for freehold land which is stated at cost.
ful lives of the assets at the rates shown in notes to the consolidated financial statements. Depreciation on additions
on disposals up to the month immediately preceding the disposals.
nd when incurred. Major renewals and improvements are capitalized.
ewards incidental to ownership of an asset. Title may or may not, eventually, be transferred.
alue of minimum lease payments and their fair value on that date.
at the rates specified in the notes to the financial statements.
under finance costs.
erating property, plant and equipment as and when they are available for use.
ty, plant and equipment under plant and machinery rather than stores, spares and loose tools when they meet the
pares and servicing equipment are depreciated over their useful lives, or the remaining lives of principal assets
ministration expenses in the ratio 97:4903.
eciation on additions
hen they meet the
incipal assets
