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    Attock Petroleum Financial Report 2010

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    Naveed Javed
    - Attock Petroleum Limited is a Pakistani oil marketing company that was granted a marketing license in 1998. It has since established itself as a progressive company focused on providing quality petroleum products and services. - The report analyzes Attock Petroleum's 2010 financial statements, including its balance sheet, cash flows, income, expenses, assets, and liabilities. It highlights strengths like growing market share and reserves. - The analysis provides insights into the company's financial position and performance as of 2010 to understand its current strengths and weaknesses.

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    Attock Petroleum Financial Report 2010

    Uploaded by

    Naveed Javed
    479 views6 pages
    - Attock Petroleum Limited is a Pakistani oil marketing company that was granted a marketing license in 1998. It has since established itself as a progressive company focused on providing quality petroleum products and services. - The report analyzes Attock Petroleum's 2010 financial statements, including its balance sheet, cash flows, income, expenses, assets, and liabilities. It highlights strengths like growing market share and reserves. - The analysis provides insights into the company's financial position and performance as of 2010 to understand its current strengths and weaknesses.

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    - Attock Petroleum Limited is a Pakistani oil marketing company that was granted a marketing license in 1998. It has since established itself as a progressive company focused on providing quality petroleum products and services. - The report analyzes Attock Petroleum's 2010 financial statements, including its balance sheet, cash flows, income, expenses, assets, and liabilities. It highlights strengths like growing market share and reserves. - The analysis provides insights into the company's financial position and performance as of 2010 to understand its current strengths and weaknesses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    479 views6 pages

    Attock Petroleum Financial Report 2010

    Uploaded by

    Naveed Javed
    - Attock Petroleum Limited is a Pakistani oil marketing company that was granted a marketing license in 1998. It has since established itself as a progressive company focused on providing quality petroleum products and services. - The report analyzes Attock Petroleum's 2010 financial statements, including its balance sheet, cash flows, income, expenses, assets, and liabilities. It highlights strengths like growing market share and reserves. - The analysis provides insights into the company's financial position and performance as of 2010 to understand its current strengths and weaknesses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 6

    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

    576,000

    576,000

    17,043

    34,097

    8,643,534 9,236,577

    6,472,171 7,082,268

    NON CURRENT LIABILITIES

    Long term deposits

    178,908

    159,538

    Deferred income tax liability

    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

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    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.
    Financial Analysis Of Attock Petroleum

    • Submitted by: sohaib9198


    • Date Submitted: 02/13/2010
    • Category: Business
    • Words: 3903
    • Pages: 16
    • Views: 533
    • Popularity Rank: 8496

    The topic of our project was Attock Petroleum, Pakistan. The focus of our report was the
    financial position of the company. This report highlights the financial strengths and
    weakness of the company.

    This report is authorized by our teacher Mr. Naveed Iqbal (Professor Department of
    business administration PUGC). We performed a critical analysis of the company to
    know the current financial position of the company.

    We searched contents of the report over Internet only. We collected much of our
    information from the official website of Attock Petroleum Pvt. Ltd. Also we gathered
    great amount of information from the websites of Lahore Stock Exchange and Karachi
    Stock Exchange.

    To become a world class, professionally managed, fully integrated, customer focused, Oil
    Marketing Company, offering value added quality and environment friendly products and
    services to its customers in Pakistan and beyond.

    To continuously provide quality and environment friendly petroleum products and related
    services to industrial, commercial and retail consumers, and exceeding their expectations
    through reliability, economy and quality of products and services. We are committed to
    benefiting the community and ensuring the creation of a safe, responsible and innovative
    environment geared to client satisfaction, end user gratification, employees' motivation
    and shareholders value.

    Introduction Attock Petroleum Limited (APL) is the 4th Oil Marketing Company in
    Pakistan to be granted a marketing license in February 1998. Though a new entrant in the
    field of oil marketing, APL has managed to establish its presence and reputation as a
    progressive and dynamic organization focusing on providing quality and environment
    friendly petroleum products and services in Pakistan and abroad. Its steady and
    substantially growing market share and customer confidence, which it enjoys, are
    manifestations of APL's successful policies.

    APL is part of the first fully integrated Oil Company of...

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