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    MPCL

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    Rizwan Sikandar 6149-FMS/BBA/F20
    MPCL reported increased net sales and profits in 2022 compared to 2021. Net sales rose to $95.1 million in 2022 from $73 million in 2021. Profit for the year increased to $33.1 million in 2022 from $31.4 million in 2021. Total assets grew to $185.1 million in 2022 from $150.4 million the previous year, driven primarily by increases in property, plant and equipment, and cash and bank balances.

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    MPCL

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    Rizwan Sikandar 6149-FMS/BBA/F20
    24 views4 pages
    MPCL reported increased net sales and profits in 2022 compared to 2021. Net sales rose to $95.1 million in 2022 from $73 million in 2021. Profit for the year increased to $33.1 million in 2022 from $31.4 million in 2021. Total assets grew to $185.1 million in 2022 from $150.4 million the previous year, driven primarily by increases in property, plant and equipment, and cash and bank balances.

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    MPCL (2)

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    MPCL reported increased net sales and profits in 2022 compared to 2021. Net sales rose to $95.1 million in 2022 from $73 million in 2021. Profit for the year increased to $33.1 million in 2022 from $31.4 million in 2021. Total assets grew to $185.1 million in 2022 from $150.4 million the previous year, driven primarily by increases in property, plant and equipment, and cash and bank balances.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    24 views4 pages

    MPCL

    Uploaded by

    Rizwan Sikandar 6149-FMS/BBA/F20
    MPCL reported increased net sales and profits in 2022 compared to 2021. Net sales rose to $95.1 million in 2022 from $73 million in 2021. Profit for the year increased to $33.1 million in 2022 from $31.4 million in 2021. Total assets grew to $185.1 million in 2022 from $150.4 million the previous year, driven primarily by increases in property, plant and equipment, and cash and bank balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    MPCL

    Statement of Earnings
    S/NO. Description Data
    2022 2021
    Net sales 95,134,477 73,018,271

    Royalty -11,999,913 -9,315,126


    Operating and administrative expenses -17,402,533 -15,039,680
    Exploration and prospecting expenditure -10,931,573 -4,543,689
    Finance cost -979,809 -1,310,476
    Other charges -3,622,588 -3,082,462
    44,936,416 33,291,433
    Gross Profit 50,198,061 39,726,838

    Other income / (expenses) 48,235 311,971


    Finance income 4,483,085 3,940,536
    Share of loss in associate -2,613,070 -47,982
    Profit before taxation 52,116,311 43,931,363
    Provision for income tax -19,053,300 -12,486,454
    Profit for the year 33,063,011 31,444,909

    Balance Sheet
    Assets Amount Amount
    2,022 2021
    ASSETS
    Property, plant and equipment 60,441,427 37,672,536
    Development and production assets 17,733,482 16,278,235
    Exploration and evaluation assets 14,538,766 7,386,197
    Long term investments 3,185,145 1,161,018
    Long term loans and advances 43,969 34,053
    Long term deposits and prepayments 124,756 182,274
    Deferred income tax asset 3,057,644 2,209,320
    99,125,189 64,923,633
    Current assets
    Stores and spares 3,424,159 2,866,855
    Trade debts 32,359,298 28,046,706
    Short term loans and advances 7,792,601 5,470,861
    Short term prepayments 135,672 144,920
    Other receivables 676,270 187,311
    Current portion of long term investments 41,068 39,831
    Short term investments 4,995,065 40,782,256
    Interest accrued 29,853 100,635
    Income tax paid in advance - -
    Cash and bank balances 36,496,060 7,823,125
    85,950,046 85,462,500
    Assets classified as held for sale 64,790 -
    185,140,025 150,386,133

    Liabilities
    EQUITY AND LIABILITIES
    Share capital and reserves
    Share capital 1,334,025 1,334,025
    Undistributed percentage return reserve Other reserves - -
    Other reserves 15,711,988 15,190,001
    Unappropriated profit 113,812,754 99,009,539
    130,858,767 115,533,565

    Non Current Liabilities


    Long term financing - secured 724,126 -
    Deferred liabilities 15,544,293 11,171,723
    16,268,419 11,171,723

    Current Liabilities
    Trade and other payables 23,299,450 17,256,803
    Unclaimed dividend 265,992 118,875
    Unpaid dividend - -
    Current maturity of long term financing 27,981 -
    Interest accrued on long term financing - -
    Provision for income tax 14,419,416 6,305,167
    38,012,839 23,680,845

    185,140,025 150,386,133

    Quick Assets 53,590,748 57,415,794


    2020 2019 2018
    72,026,368 59,457,121 40,722,698

    -8,805,560 -7,574,515 -5,180,869


    -13,313,631 -11,722,088 -10,031,741
    -10,257,639 -4,308,006 -3,314,839
    -567,952 -767,752 -639,728
    -2,698,227 -2,435,811 -1,447,747
    35,643,009 26,808,172 20,614,924
    36,383,359 32,648,949 20,107,774

    340,001 326,087 -581,846


    4,556,085 1,733,298 765,616
    - - -
    41,279,445 34,708,334 20,291,544
    -10,966,572 -10,381,246 -4,917,204
    30,312,873 24,327,088 15,374,340

    Amount Amount Amount


    2020 2019 2018

    22,207,552 16,176,231 13,266,282


    11,766,348 12,755,574 11,886,872
    5,915,531 6,553,548 2,689,549
    - - -
    33,165 39,755 35,411
    353,999 230,999 62,890
    1,888,594 651,147 1,819,166
    42,165,189 36,407,254 29,760,170

    2,999,993 2,349,391 671,051


    23,369,070 21,377,155 9,663,590
    7,055,770 4,752,460 2,532,344
    134,910 92,919 66,714
    48,928 78,739 30,982
    - - -
    33,634,126 20,700,000 8,437,354
    36,469 105,747 103,183
    - - -
    16,700,278 6,635,818 7,268,908
    83,979,544 56,092,229 28,774,126
    - - -
    126,144,733 92,499,483 58,534,296

    1,334,025 1,212,750 1,102,500


    477,899 602,415 613,109
    14,190,001 13,190,001 12,190,001
    77,147,181 48,601,563 26,286,128
    93,149,106 63,606,729 40,191,738

    - - -
    10,342,139 10,057,962 7,952,336
    10,342,139 10,057,962 7,952,336

    14,211,612 12,809,483 8,271,834


    44,026 32,563 19,371
    - 7,544 11,514
    - - -
    - - -
    8,397,850 5,985,202 2,087,503
    22,653,488 18,834,792 10,390,222

    126,144,733 92,499,483 58,534,296

    60,610,474 34,715,074 19,110,536

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