Six Years Performance

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

3,282
661
41
10

2,889
1,067
31
5

5,129
1,128
30
2

2,493
290
26
6

1,500
660
21
2

2,589
654
17
2

Thousand BBL
MMcf
M. Tons
M. Tons
Thousand BBL

13,930
344,032
139,480
16,638
895

15,037
358,868
125,482
29,065
547

14,438
364,036
79,145
24,673
148

13,343
354,327
73,881
20,018
64

13,224
362,924
71,061
34,400
30

13,713
381,863
75,005
21,400
19

Net Sales
Other Revenues
Profit before Taxation
Profit after Taxation

Rs in billion
Rs in billion
Rs in billion
Rs in billion

100.73
4.03
60.75
45.25

125.91
3.91
78.31
44.34

130.83
3.43
80.93
55.54

142.57
3.36
88.55
59.18

155.63
3.38
90.98
63.53

197.84
9.75
133.08
96.91

Balance Sheet
Share Capital
Capital Reserve and Unappropriated Profit
Non-Current Liabilities
Current Liabilities
Total Equity & Liabilities
Fixed Assets
Long Term Investments, Loans, Rec. & Prepayments
Current Assets
Total Assets

Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion

43.01
63.93
18.55
11.26
136.75
57.49
4.34
74.92
136.75

43.01
67.41
20.46
21.44
152.31
67.71
4.78
79.82
152.31

43.01
83.16
30.53
21.29
177.99
87.69
4.84
85.46
177.99

43.01
114.38
36.63
34.84
228.87
103.18
5.25
120.43
228.87

43.01
158.56
38.44
21.78
261.78
106.03
6.14
149.60
261.78

43.01
225.36
45.36
24.59
338.32
116.04
7.40
214.88
338.32

Cash Flow Summary

Net Cash from Operating Activities
Net Cash used in Investing Activities
Net Cash used in Financing Activities
Increase / (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at beginning of the Year
Cash and Cash Equivalents at end of the Year

Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion
Rs in billion

37.21
(12.72)
(38.15)
(13.66)
37.39
23.74

51.60
(15.59)
(41.47)
(5.46)
23.74
18.28

52.98
(22.91)
(39.41)
(9.34)
18.28
8.94

61.51
(22.84)
(28.77)
9.90
8.94
18.84

67.88
(15.92)
(18.66)
33.30
18.84
52.14

48.58
(14.66)
(30.61)
3.31
52.14
55.45

%
%
%
%

69%
45%
67%
43%

69%
35%
69%
41%

70%
42%
70%
47%

71%
42%
71%
42%

66%
41%
71%
35%

70%
49%
74%
41%

Operational Performance
Seismic Survey - 2D
- 3D
Wells Drilled
Oil & Gas Discoveries
Quantity Sold
Crude Oil
Gas
LPG
Sulphur
White Petroleum Products

L. Kms
Sq. Kms
Numbers
Numbers

Financial Results

Key Indicators
Profitability Ratios
Gross Profit Margin
Net Profit Margin
EBITDA Margin to Sales
Return on Average Capital Employed
Liquidity Ratios
Current Ratio
Acid Test / Quick Ratio
Cash to Current Liabilities
Cash Flow from Operations to Sales
Activity / Turnover Ratios
(1)
Debtor Turnover in Days
Total Assets Turnover Ratio
Investment / Market Ratios
Earnings per Share
Price Earning Ratio
Dividend Yield Ratio
Dividend Payout Ratio
Dividend Coverage Ratio
Cash Dividend per Share
(2)
Market Price per Share
- As on June 30
- High during the Year
- Low during the Year
Break-up Value per Share

Times
Times
Times
%

6.65
5.44
2.13
74%

3.72
2.94
0.86
73%

4.01
3.25
0.43
75%

3.46
3.03
0.54
66%

6.87
6.22
2.40
87%

8.74
8.21
2.26
59%

No. of days
%

95
76%

100
87%

135
79%

178
70%

189
63%

200
66%

Rupees

10.52
11.39
8%
86%
1.17
9.00
119.80
156.00
113.20
24.86

10.31
12.06
8%
92%
1.09
9.50
124.36
140.80
104.90
25.67

12.91
6.09
10%
64%
1.57
8.25
78.64
125.49
40.56
29.34

13.76
10.32
4%
40%
2.50
5.50
142.00
142.00
80.71
36.60

14.77
10.36
4%
37%
2.69
5.50
153.00
179.70
128.80
46.87

22.53
7.12
5%
32%
3.11
7.25
160.44
170.70
120.29
62.40

Contribution to National Exchequer

Rs in billion

78.31

99.75

86.45

80.24

76.84

100.55

Rupees
Times
%
%
Times
Rupees
Rupees

Note: Previous year figures have been rearranged and/or reclassified, wherever, necessary for the purpose of comparison
1 - 366 days have been used for the year 2007-08 & 2011-12
2 - Source: Karachi Stock Exchange (KSE)

30

CO N

TINUED CO
M

M
IT
M

EN

C E L LE N C
E
O EX
TT

1961- 2011

Graphical Presentation
Six Years Operational & Financial Performance
Quantity Sold - Crude Oil

Quantity Sold - Gas

(Thousand Barrels)

16,000

(MMcf)

450,000
400,000

14,000

350,000

12,000

300,000

10,000

250,000

8,000

200,000

6,000

150,000

4,000

100,000

2,000

50,000

0
2006-07

2007-08

2008-09

Non-Operated JVs

2009-10

Operated JVs

2010-11

2011-12

2006-07

100% Owned Fields

2007-08

2008-09

Non-Operated JVs

Net Sales Revenue Vs Profit After Tax

2009-10

Operated JVs

2010-11

Dividend and Earnings per Share

(Rs in billion)

(Rupees)

25

22.53

250

150

125.91

142.57

130.83

155.63

100.73

45.25

44.34

2006-07

2007-08

50

15

96.91

100

20

197.84

200

55.54

59.18

63.53

2008-09

2009-10

2010-11

2011-12

100% Owned Fields

12.91
10.52

10.31

2006-07

2007-08

14.77

13.76

10

Net Sales Revenue

2011-12

Profit After Tax

200

Return on Average Capital Employed

43%

2010-11

2011-12

Dividend

(Rs in billion)

160

42%

41%

2009-10

Assets and Liabilities

180
47%

2008-09

Earnings per Share

41%
35%

140
120
100
80
60
40
20
0

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

Net Current Assets

Non-Current Assets
Long Term Investments, Loans, Receivables & Prepayments
Long Term Liabilities

Annual Report

2012

31