Professional Documents
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77
Capital reserves:
Share capital restructuring reserve 147 147 147 147 147 147
Fixed assets replacement 88 88 88 88 88 88
235 235 235 235 235 235
Revenue reserves :
Dividend equalization reserve 36 36 36 36 36 36
Special reserve 333 333 333 333 333 333
General reserve 1,885 1,894 1,885 1,885 1,885 1,885
2,254 2,263 2,254 2,254 2,254 2,254
2,489 2,498 2,489 2,489 2,489 2,489
% of customers 0% 0% 0% 0% 0% 0%
% of customers 0% 0% 0% 0% 0% 0%
EMPLOYEES BENEFITS
Provision for post retirement medical and
gas supply facilities- executives 531 650 719 796 889 983
Provision for compensated absences-
executives 108 122 129 109 111 107
639 772 848 904 999 1,090
DEFERRED CREDIT
Government contributions/grants
Balance at 1 July - 223 184 572 963
Additions/(reversal) during the year 234 (35) 419 443 399
- 234 188 602 1,015 1,362
Transferred to profit and loss account 12 4 31 52 51
Balance at 30 June - 223 184 572 963 1,311
% 18% 1% 3% 7% 4%
% 3% 1% 1% 0% 1% 1%
% 0% 1% 1% 1% 1% 1%
% 2% 3% 3% 3% 3% 3%
20% 15%
SHORT TERM BORROWING- secured
- from banking companies
Short term money market loan 220 220 1,000 1,100
Short term running finance - 945 - -
- - 220 1,165 1,000 1,100
Intangible assets
Stock-in-trade
Gas
Gas in pipelines 97 96 113 125 149 157
SNG stock - - - 0 0 0
97 96 113 126 149 157
Gas meters
Components 50 85 95 139 199 222
\work-in-process 11 13 10 16 6 6
Finished meters 5 5 9 4 18 21
66 103 114 159 223 249
Provision during the year - - - (4) (3) (6)
66 103 114 156 219 243
163 198 227 281 369 400
Trade debts
Considered good
secured 2,105 2,407 2,935 3,646 3,861 4,037
unsecured 4,986 4,299 5,820 7,252 12,258 8,622
7,091 6,706 8,755 10,898 16,119 12,659
Considered doubtful 1,000 1,239 1,133 1,306 1,545 1,788
8,091 7,945 9,888 12,205 17,664 14,447
Provision against impaired debts (1,000) (1,239) (1,133) (1,306) (1,545) (1,788)
7,091 6,706 8,755 10,898 16,119 12,659
% growth
secured 5% 4% 5% 5% 5% 5%
unsecured 12% 8% 9% 9% 13% 10%
Provision 17% 15% 16% 16%
Advances to:
Employees 21 37 5 3 4 13
Other employees 38 44 63 61 60 57
59 81 69 64 64 69
88 108 97 93 95 101
0.404 0.424
(11.567) (3.653)
(11.971) (4.077)
% of consumers 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
Interest accrued - - 7 8 6 7
Other receivables
3% 4% 6% 6% 7% 6%
Taxation - net
Advance tax paid 2,362 1,494 697 1,055 (205)
Provision for tax (1,728) (826) (197) (499) 370
634 669 500 556 165 -
Taxation
For the year
Current 833 826 197 417 370 308
Deferred (68) (104) 379 329 675 293
Prior (165) (146) - 82 - (30)
601 576 576 829 1,045 771
Other charges as a % of FA 1% 1% 1% 1% 0% 1%
WPPF 70 65
Gratuity
FV 2,072 2,446 2,259 2,352
PV (2,025) (2,204) (2,122) (2,165)
Net surplus / (deficit) 46 242 137 188
Unrecognized past service (gain) / cost (358) (269) (320) (296)
Unrecognized actuarial loss 356 (4) 192 98
44 (31) 10 (10)
36 36 36 36
333 333 333 333
1,885 1,885 1,885 1,885
2,254 2,254 2,254 2,254
2,489 2,489 2,489 2,489
5 5 5 5
0 0 0 0
56 58 59 63
13 14 15 16
0 0 0 0
- - - -
- - - -
- - - -
249 251 253 255
2 2 3 4
251 253 255 260
9% 9% 9% 9%
0% 0% 0% 0%
0% 0% 0% 0%
101 98 94 91
1,188 1,301 1,426 1,563
82 86 90 94
5 2
16 10 8 9
155 179 207
86 91 122
76 98 130
35 40 45
8 10 13
13 11 14 2,563 5,284
9 12 11 2,708 5,244
185 201 249 (145.016) 40.340
25,356 28,241 32,467 103
3% 3% 3%
11% 8% 10%
2% 2% 2%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
78 82 86 90
4 4 4 4
82 86 90 94
5% 5% 4% 5%
17 16 10 8
56 50 43 38
0 0 0 0
74 66 54 47
- - - -
140 164 195 0
24 23 23 24
58 61 61 65
22 26 30 34
1,346 1,548 1,780 2,047
1% 1% 1% 1%
1% 1% 1% 1%
3% 3% 3% 3%
15% 15% 15% 15%
1,210 1,331 1,464 1,611
- - - -
1,210 1,331 1,464 1,611
- - - -
7,518 8,163 8,702 0
- - - -
48 53 58 62
- - - -
7,566 8,216 8,759 62
225
94
319
188
106
294
24
3 2 1
(1) (1) (0)
3 2 1
- - -
2 2 2
2 2 2 -
- - -
2 2 2 -
5% 13% 0%
5% 0% 0%
-37% -21% -23%
-2% -2% -2%
-3% -4% -3%
78% 78% 78%
22% 22% 22%
5% 5% 5%
5% 5% 5%
10% 11% 11%
16% 16% 16%
1 1 0
34 40 47
35 40 48
6 7 8
60 60 59
67 66 67
82 91 92
23 24 25
44 44 45
150 158 162
0% 0% 0%
0% 0% 0%
0% 0% 0%
7 7 7
27 27 27
98 99 99
6,496 7,637 8,651 -
(1) (1) (1)
6,494 7,635 8,649 -
6% 6% 6%
- - - -
1% 1% 1%
56 50 43
28 27 27 -
(89) (85) (87)
38 43 40
27 27 27 -
(10) 0 (5) -
0 (6) (2)
1 (9) (4)
0 (5) (2) -
Reserves
Unappropriated profit
Non-current liabilities
Deferred credit
Current liabilities
Intangible assets
Stock-in-trade
Trade debts
Interest accrued
Other receivables
Taxation - net **
Cash and bank balances
Check
Net debt
Net debt change
ROA
ROE
BV/share
4Q-CY05 FY05 1Q-CY06 2Q-CY06 3Q-CY06 4Q-CY06
220 - - - 1,165
61 58 52 52 56
4 3 3 3 3
22,001 22,048 22,729 23,462 25,339
97 74 183 136 93
7 8 7 14 8
3 3 - - 0
8,884
2,980
3%
10%
15
FY06 1Q-CY07 2Q-CY07 3Q-CY07 4Q-FY07 FY07
56 55 53 44 62
3 3 3 3 3
25,339 26,975 28,404 30,204 - 31,750
8 11 24 4 6
0 - - (0) - (1)
11,409 15,868
2,525 4,459
2% 0%
9% 3%
15 15
1Q-CY08 2Q-CY08 3Q-CY08 4Q-CY08 FY08 1Q-CY09
- 2,853 1,100
50 64 37
3 3 3
32,448 33,277 33,514
7 4 7
- - 5,894
20,930
5,062
1%
5%
15
2Q-CY09 3Q-CY09 4Q-CY09 FY09 1Q-CY10 2Q-CY10
6,712
2,489
251
303
9,755
13,119
2,161
4,549
1,188
4,275
25,293
25,356
1,591
1,210
7,566
35,722
70,770
39,054
24
265
158
2
39,503
1,123
432
118
15,723
102
150
6,494
-
9,870
34,017
73,520
2,750
21,895
964
1%
5%
15
3Q-CY10 4Q-CY10 FY10 1Q-CY11 2Q-CY11 3Q-CY11
6,712
2,489
253
369
9,822
14,130
2,256
5,046
1,301
4,823
27,556
28,241
1,822
1,331
8,216
39,609
76,987
43,828
266
185
2
44,281
1,165
470
127
18,575
107
158
7,635
-
7,061
35,305
79,586
2,599
23,676
1,782
1%
6%
15
4Q-CY11 FY11 FY11
6,712 6,712
2,489 2,489
255 260
565 (106)
10,021 9,354
15,142 3,157
2,297 2,410
5,569 5,569
1,426 1,563
5,305 5,726
29,740 18,426
32,467 103
2,089 2,170
1,464 1,611
8,759 62
44,779 3,946
84,541 31,726
47,931
269
217
2
48,418
1,168
511
121
21,374
114
162
8,649
-
6,332
38,438 -
86,857 -
2,316
25,366
1,689
1%
7%
15
Rs mn
FY05 FY06 FY07 FY08 FY09
Cash flow from operating activities
Profit before taxation 1,589 1,720 1,335 1,422 1,204
Adjustments for non cash items:
Depreciation 2,155 2,226 2,247 3,776 4,433
Amortization of intangibles 30 43 39 75 106
Finance cost 563 1,390 1,779 2,726 2,146
Insurance claim written off ** 12 - - - -
Provision against doubtful debts 214 173 238 243 286
Net increase/ (decrease) in cash and cash equivalents (1,992) 1,601 1,617 11,155 (6,763)
Cash and cash equivalents at beginning of the year 3,041 1,049 2,650 4,267 15,422
Cash and cash equivalents at end of the year 1,049 2,650 4,267 15,422 8,660
FY10 FY11
1,591 1,731
5,094 5,758
- -
2,267 2,408
- -
329 383
116 128
98 94
(289) (326)
(10) (12)
(205) (240)
(65) 92
7,334 8,285
8,925 10,016
95 41
0 0
(49) 3
(39) (42)
(9) 6
(3,182) (3,182)
(9) (4)
(1,141) (1,014)
(2,885) (4,226)
(7,313) (8,459)
(229) (498)
(2,036) (2,140)
(558) (1,040)
(9,924) (9,842)
85 (115)
- -
- -
205 240
10 12
(9,624) (9,705)
6,000 6,000
1,645 1,539
- -
64 70
16 18
- -
31 2,760
- -
(503) (503)
7,252 9,883
(2,930) (862)
8,660 5,730
5,730 4,868
EPS
Rs mn
1Q-CY05 2Q-CY05 3Q-CY05
Sales 15,434 14,992 15,377
Sales tax 2,008 1,949 2,003
Gas sales net of sales tax 13,426 13,043 13,375
GDS 1,051 280 (226)
Net gas sales 12,375 12,763 13,600
Cost of gas 10,796 11,363 12,313
Gross profit 1,580 1,400 1,288
Gross margins 12.76% 10.97% 9.47%
T&D costs 1,037 1,212 1,254
Administrative expenses 328 222 287
Other operating expenses 27 24 18
187 (58) (271)
Other operating income 471 498 626
Operating income before finance cost 658 440 355
Finance cost 148 143 153
Profit before taxation 510 297 202
Taxation 174 108 71
Profit for the year 336 189 131
Payout
Retention
ROE
Growth
1.51
1,007
1,013
(1,007)
1,013
99%
1%
10%
1.33 0.43
892 290
14% 11% 3% 10% 9%
(1,007) (873)
- -
897 315
98%
2%
9%
0.77 0.71
- -
495 303
569 700 -
- - -
1.11 1 69%
DCF
FY07 FY08 FY09 FY10 FY11
Net income 290 516 479 569 700
Plus: Depreciation and amortization 2,208 3,698 4,327 4,988 5,631
Plus: Interest expensex(1-tax rate) 2,401 3,680 2,897 3,060 3,251
Less: Investment in fixed capital 8,443 5,439 9,968 9,624 9,705
Less: Investment in working capital 902 9,432 (9,756) (7,313) (8,459)
FCFF (4,445) (6,977) 7,491 6,306 8,336
FCFE 26,423
Fair value 39
CAPM
Beta 1.0
Risk free rate 11%
Risk premium 6%
Required rate of return 17%
Fair value 16
CAPM 14.0%
Risk free rate 11%
Risk premium 5%
Terminal growth 10%
Beta 0.70
FY11
1.00
25
26.39
0.77 0.71 0.85 1.04
Rs/MMBTU FY05 FY06 FY07 FY08 FY09 FY10 FY11
Growth
Badin 2% 1% 1% 4% -1% -1%
Bhit ($) 15% 8% 6% 34% -6% -4%
Bhit - 2 ($) 15% 8% 6% 34% -6% -4%
Bobi
Daru 2% 1% 2% 4% -1% -1%
Ghotki town
Hassan - SNGPL ($) 0% 1% 2% -1% 0%
Kadanwari ($) 27% 30% 11% 66% -9% -6%
Kandhkot 37% 23% 15% 63% -9% -7%
Khipro block - Naimat basal ($) -1% 0% 0% -1% 0% 0%
Mari 26% 54% 5% -7% -5%
Mazarani ($) 0% 0% 0% 0% 0% 0%
Miano ($) 13% 10% 4% 37% -6% -4%
Mirpurkhas - Kausar 0% 0% 24% -4% -3%
Rustam town
Sari/ Hundi 45% 28% 15% 72% -10% -7%
Sawan ($) 15% 12% 4% 43% -6% -4%
Sinjhoro
Sui 37% 23% 15% 63% -9% -7%
Zamzama ($) 14% 10% 9% 31% -6% -4%
US $/ PKR 60 60 59 58 58
Growth
Badin 0% 0% 0% 0%
Bhit ($) 0% -2% -2% 0%
Bhit - 2 ($) 0% -2% -2% 0%
Bobi 0% -2% -2% 0%
Daru 0% 0% 0% 0%
Ghotki town 0% -2% -2% 0%
Hassan - SNGPL ($) 0% -2% -2% 0%
Kadanwari ($) 0% -2% -2% 0%
Kandhkot 15% -7% -7% -4%
Khipro block - Naimat basal ($) 0% -2% -2% 0%
Mari 29% -6% -5% -2%
Mazarani ($) 0% -2% -2% 0%
Miano ($) 0% -2% -2% 0%
Mirpurkhas - Kausar 0% -2% -2% 0%
Rustam town 0% -2% -2% 0%
Sari/ Hundi 19% -8% -7% -5%
Sawan ($) 0% -2% -2% 0%
Sinjhoro 0% -2% -2% 0%
Sui 15% -7% -7% -4%
Zamzama ($) 7% -4% -3% -2%
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
133
4
4
3
80
3
2
11
136
3
50
2
4
3
3
415
4
3
136
4
0%
-2%
-2%
0%
0%
-3%
-3%
0%
-2%
0%
-2%
-1%
-3%
-2%
-3%
-2%
-1%
57
127
196
196
143
77
143
133
419
81
144
40
100
186
144
143
239
186
143
81
3
0%
-2%
-2%
-2%
0%
-2%
-2%
-2%
-3%
-2%
-3%
-2%
-2%
-2%
-2%
-3%
-2%
-2%
-3%
-1%
FY22 FY23 FY24 FY25
3 4
78 80
94 107
3 4
248 343
3 4
94 107
3 3
Depreciation schedule
Rs mn CY03 CY04 CY05 CY06 CY07 CY08
Owned
Cost at start
Gas transmission system - 18,910 19,551 22,160 24,062 27,506
Gas distribution system - 15,661 17,012 19,167 22,164 25,387
Karachi,Sindh
Other areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 132 102 - 89 91
- 34,926 36,894 41,557 46,572 53,270
Additions
Gas transmission system - 651 2,645 2,010 3,642 3,000
Gas distribution system - 1,341 2,007 3,105 3,372 3,100
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - - - 89 2 1,000
- 1,998 4,653 5,231 7,045 7,150
Deletions
Gas transmission system - (10) (61) (108) (27) (108)
Gas distribution system - (20) (59) (108) (148) (94)
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system
Transfer
Gas transmission system - - 24 - 2 12
Gas distribution system - 30 207 - (1) -
Karachi,Sindh
Othr areas of Sindh
Balochistan
Cost at end
Gas transmission system - 19,551 22,160 24,062 27,679 30,411
Gas distribution system - 17,012 19,167 22,164 25,387 28,394
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 102 89 91 1,091
- 36,894 41,557 46,572 53,443 60,231
Depreciation beginning
Gas transmission system - 12,249 13,205 14,254 15,306 16,375
Gas distribution system - 5,901 6,851 7,898 8,814 9,803
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 13 11 - 2 6
- 18,319 20,230 22,322 24,347 26,422
Depreciation charge
Gas transmission system - 964 1,081 1,161 1,091 1,367
Gas distribution system - 960 1,088 1,008 1,140 2,282
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 6 - 2 4 62
- 1,938 2,175 2,226 2,247 3,776
Deletions
Gas transmission system - (9) (56) (108) (25) (89)
Gas distribution system - (19) (51) (93) (146) (87)
Karachi,Sindh
Othr areas of Sindh
Balochistan
Meter manufacturing division
Leased / Gwadar - - -
Gas distribution system - (27) (107) (201) (172) (177)
Transfer
Gas transmission system - (0) 24 (1) 4 13
Gas distribution system - 8 11 1 (4) -
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - (8) (11) - - -
- - 24 (1) (0) 13
Depreciation ending
Gas transmission system - 13,205 14,254 15,306 16,376 17,666
Gas distribution system - 6,851 7,898 8,814 9,803 11,998
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 11 - 2 6 68
- 20,230 22,322 24,347 26,422 30,034
Leased / Gwadar
Gas distribution system - 91 - 87 85 1,023
- 16,665 19,235 22,225 27,020 30,197
Additions
Freehold land - - - - -
Leasehold land 2 30 1 1 17
Buildings on freehold land - - - - -
Buildings on leasehold land 6 36 7 46 26
Gas transmission pipelines 227 2,109 1,531 2,809 2,195
Compressors 81 18 - - 51
Telecommunication 3 3 4 3 5
Plant and machinery 37 33 10 47 43
Roads, pavements and related
infrastructure 173
Tools and equipment 7 19 15 10 23
Motor vehicles 60 130 84 175 152
Furniture and equipment 27 3 38 24 40
Office equipment - 23 50 46 45
Computer & ancillary equipments 22 58 32 83 61
Supervisory control and data
acquisition system 139 137 26 7 158
Construction equipment 40 46 212 218 184
- 651 2,645 2,010 3,642 3,000
Deletions
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land - - - - -
Buildings on leasehold land - - - - -
Gas transmission pipelines - - - (14) -
Compressors - - - - -
Telecommunication - - (85) - (57)
Plant and machinery - (2) (1) - (2)
Roads, pavements and related
infrastructure -
Tools and equipment - (1) (0) - (0)
Motor vehicles (10) (39) (8) (14) (30)
Furniture and equipment - - (6) - (4)
Office equipment (3) (0) - (2)
Computer & ancillary equipments - (12) - - (6)
Supervisory control and data
acquisition system - - - - -
Construction equipment - (4) (7) - (6)
- (10) (61) (108) (27) (108)
Adjustments
Freehold land - - - (1) -
Leasehold land 1 - - - 0
Buildings on freehold land - - - - -
Buildings on leasehold land (1) - - - (0)
Gas transmission pipelines - - - - -
Compressors - 24 - - 12
Telecommunication - - - 0 -
Plant and machinery - (0) - 0 (0)
Roads, pavements and related
infrastructure -
Tools and equipment - - - - -
Motor vehicles - - 43 128 29
Furniture and equipment - - 94 (7) 62
Office equipment - (94) 2 (62)
Computer & ancillary equipments - - - 2 -
Supervisory control and data
acquisition system - - - - -
Construction equipment - - (43) (123) (29)
- - 24 - 2 12
Cost at end
Freehold land - 48 48 48 47 47
Leasehold land 96 126 126 127 144
Buildings on freehold land 279 279 279 279 279
Buildings on leasehold land 905 941 948 994 1,020
Gas transmission pipelines 13,563 15,672 17,203 19,999 22,194
Compressors 2,278 2,320 2,320 2,320 2,383
Telecommunication 583 585 504 507 456
Plant and machinery 390 421 429 477 517
Roads, pavements and related
infrastructure 173 -
Tools and equipment 90 108 123 133 155
Motor vehicles 314 405 524 814 964
Furniture and equipment 278 103 229 246 345
Office equipment - 198 154 202 182
Computer & ancillary equipments 104 149 181 266 321
Supervisory control and data
acquisition system 139 276 302 310 468
Construction equipment 485 527 690 785 935
- 19,551 22,160 24,062 27,679 30,411
Depreciation beginning
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land 102 116 122 127 135
Buildings on leasehold land 101 146 201 474 513
Gas transmission pipelines 8,518 9,183 9,932 10,494 11,173
Compressors 1,895 1,930 1,988 2,072 2,125
Telecommunication 467 524 564 491 493
Plant and machinery 172 209 246 277 310
Roads, pavements and related
infrastructure -
Tools and equipment 78 84 93 103 115
Motor vehicles 214 236 247 358 451
Furniture and equipment 198 229 245 257 276
Office equipment - - 2 (57) (32)
Computer & ancillary equipments 60 73 86 130 167
Supervisory control and data
acquisition system - 21 62 102 144
Construction equipment 445 453 466 478 504
- 12,249 13,205 14,254 15,306 16,375
Depreciation charge
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land 14 6 6 8 14
Buildings on leasehold land 45 55 276 40 51
Gas transmission pipelines 665 749 562 693 444
Compressors 36 33 84 52 24
Telecommunication 58 40 12 2 68
Plant and machinery 37 40 32 33 52
Roads, pavements and related
infrastructure 1
Tools and equipment 6 10 10 12 52
Motor vehicles 31 45 47 75 193
Furniture and equipment 31 16 18 20 69
Office equipment 5 10 23 36
Computer & ancillary equipments 13 25 44 35 107
Supervisory control and data
acquisition system 21 41 39 43 70
Construction equipment 8 17 20 55 187
- 964 1,081 1,161 1,091 1,367
Depreciation deletions
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land - - - - -
Buildings on leasehold land - - - - -
Gas transmission pipelines - - - (14) -
Compressors - - - - -
Telecommunication - - (85) - (45)
Plant and machinery - (2) (1) - (2)
Roads, pavements and related
infrastructure -
Tools and equipment - (1) (0) - (0)
Motor vehicles (9) (34) (8) (12) (25)
Furniture and equipment - - (6) - (3)
Office equipment - (3) (0) - (2)
Computer & ancillary equipments - (12) - - (7)
Supervisory control and data
acquisition system - - - - -
Construction equipment - (4) (7) - (5)
- (9) (56) (108) (25) (89)
Depreciation adjustments
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land - - - - -
Buildings on leasehold land - - (3) 0 (2)
Gas transmission pipelines - - - - -
Compressors - 24 - (0) 14
Telecommunication - - (0) 0 (0)
Plant and machinery - (0) - 0 (0)
Roads, pavements and related
infrastructure -
Tools and equipment - - - - -
Motor vehicles - (0) 72 30 37
Furniture and equipment (0) - - (0) (0)
Office equipment - - (68) 1 (35)
Computer & ancillary equipments - - - 2 -
Supervisory control and data
acquisition system - - - - -
Construction equipment - - (1) (29) (1)
- (0) 24 (1) 4 13
Depreciation ending
Freehold land - - - - - -
Leasehold land - - - - -
Buildings on freehold land 116 122 127 135 149
Buildings on leasehold land 146 201 474 513 563
Gas transmission pipelines 9,183 9,932 10,494 11,173 11,617
Compressors 1,930 1,988 2,072 2,125 2,162
Telecommunication 524 564 491 493 516
Plant and machinery 209 246 277 310 360
Roads, pavements and related
infrastructure
Tools and equipment 84 93 103 115 166
Motor vehicles 236 247 358 451 657
Furniture and equipment 229 245 257 276 342
Office equipment - 2 (57) (32) (33)
Computer & ancillary equipments 73 86 130 167 267
Supervisory control and data
acquisition system 21 62 102 144 214
Construction equipment 453 466 478 504 685
- 13,205 14,254 15,306 16,375 17,666
Depreciation rate
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 5% 5% 5% 5% 5%
Buildings on leasehold land 5% 5% 5% 5% 5%
Gas transmission pipelines 5% 2% 2% 2% 2%
Compressors 15% 1% 1% 1% 1%
Telecommunication 10% 15% 15% 15% 15%
Plant and machinery 5% 10% 10% 10% 10%
Tools and equipment 33% 33% 33% 33% 33%
Motor vehicles 20% 20% 20% 20% 20%
Furniture and equipment 20% 20% 20% 20% 20%
Office equipment 20% 20% 20% 20% 20%
Computer & ancillary equipments 10% 20% 33% 33% 33%
Supervisory control and data
acquisition system 20% 15% 15% 15% 15%
Construction equipment 15% 20% 20% 20% 20%
Leased
Gas distribution system 132 102 - - -
- 15,793 17,114 19,167 22,164 25,387
Additions
Freehold land - - - - -
Leasehold land - 1 - - 1
Buildings on freehold land - - - - -
Buildings on leasehold land 15 23 8 18 23
Gas distribution system, related
facilities and equipment 1,247 1,793 2,922 3,181 2,848
Telecommunication 1 1 1 1 1
Plant and machinery 12 50 35 100 53
Roads, pavements and related
infrastructures - - - - -
Tools and equipment 3 10 13 11 14
Motor vehicles 44 104 98 44 126
Furniture and equipment 6 4 14 11 10
Office equipment - 7 5 5 7
Computer & ancillary equipments 13 14 9 0 17
Supervisory control and data
acquisition system - - - - -
- 1,341 2,007 3,105 3,372 3,100
Leased
Gas distribution system - - - - -
- 1,341 2,007 3,105 3,372 3,100
Deletions
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land - - - - -
Buildings on leasehold land - - - - -
Gas distribution system, related
facilities and equipment - - (76) (128) (34)
Telecommunication - (0) - - (0)
Plant and machinery (1) (4) (6) - (5)
Roads, pavements and related
infrastructures - - - - -
Tools and equipment (0) (1) (0) (0) (0)
Motor vehicles (19) (42) (24) (19) (44)
Furniture and equipment - (0) (1) - (1)
Office equipment - (1) (0) - (1)
Computer & ancillary equipments (12) (0) (0) (8)
Supervisory control and data
acquisition system - - - -
- (20) (59) (108) (148) (94)
Leased
Gas distribution system - - - - -
- (20) (59) (108) (148) (94)
Adjustments
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land - - - - -
Buildings on leasehold land - - - - -
Gas distribution system, related
facilities and equipment 30 207 - - -
Telecommunication - 0 - (0) -
Plant and machinery - - - 0 -
Roads, pavements and related
infrastructures - - - - -
Tools and equipment - - - 0 -
Motor vehicles - - - 3 -
Furniture and equipment - - 14 (1) -
Office equipment - - (14) (1) -
Computer & ancillary equipments - - - (2) -
Supervisory control and data
acquisition system - - - - -
- 30 207 - (1) -
Leased
Gas distribution system (30) (102) - - -
- - 105 - (1) -
Cost at end
Freehold land - 10 10 10 10 10
Leasehold land - 33 34 34 34 35
Buildings on freehold land - 45 45 45 45 45
Buildings on leasehold land - 90 113 121 139 161
Gas distribution system, related
facilities and equipment - 15,960 17,961 20,806 23,859 26,673
Telecommunication - 8 9 10 11 12
Plant and machinery - 241 288 317 417 465
Roads, pavements and related
infrastructures - 1 1 1 1 1
Tools and equipment - 45 54 67 79 92
Motor vehicles - 307 369 443 471 553
Furniture and equipment - 64 67 94 104 114
Office equipment - - 6 (3) 1 7
Computer & ancillary equipments - 110 112 120 118 127
Supervisory control and data
acquisition system - 99 99 99 99 99
- 17,012 19,167 22,164 25,387 28,394
Leased
Gas distribution system - 102 - - - -
- 17,114 19,167 22,164 25,387 28,394
Depreciation beginning
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land 21 23 25 27 29
Buildings on leasehold land 36 40 45 51 56
Gas distribution system, related
facilities and equipment 5,178 6,082 7,087 7,935 8,853
Telecommunication 6 7 7 8 8
Plant and machinery 180 192 203 212 231
Roads, pavements and related
infrastructures 1 1 1 1 1
Tools and equipment 35 40 46 53 62
Motor vehicles 224 231 244 257 281
Furniture and equipment 51 55 55 70 74
Office equipment - - 4 (5) (3)
Computer & ancillary equipments 69 81 81 106 111
Supervisory control and data
acquisition system 99 99 99 99 99
- 5,901 6,851 7,898 8,814 9,803
Leased
Gas distribution system 13 11 -
- 5,914 6,862 7,898 8,814 9,803
Depreciation charge
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land 2 2 2 2 2
Buildings on leasehold land 4 5 5 5 8
Gas distribution system, related
facilities and equipment 896 994 910 1,045 2,000
Telecommunication 0 0 1 1 2
Plant and machinery 12 15 14 19 46
Roads, pavements and related
infrastructures - - - - 0
Tools and equipment 4 7 6 9 31
Motor vehicles 26 46 37 43 111
Furniture and equipment 3 1 3 6 23
Office equipment - 5 3 3 1
Computer & ancillary equipments 12 12 25 7 42
Supervisory control and data
acquisition system - - - - 15
- 960 1,088 1,008 1,140 2,282
Leased
Gas distribution system 6 - - - -
- 966 1,088 1,008 1,140 2,282
Depreciation deletions
Freehold land - - - - -
Leasehold land - - - - -
Buildings on freehold land - - - - -
Buildings on leasehold land - - - - -
Gas distribution system, related
facilities and equipment - - (63) (127) (35)
Telecommunication - (0) - - (0)
Plant and machinery (1) (4) (6) - (6)
Roads, pavements and related
infrastructures - - - - -
Tools and equipment (0) (1) - (0) (0)
Motor vehicles (18) (34) (23) (19) (38)
Furniture and equipment - (0) (1) - (1)
Office equipment - (1) (0) - (1)
Computer & ancillary equipments - (12) - (0) (7)
Supervisory control and data
acquisition system - - - - -
- (19) (51) (93) (146) (87)
Leased
Gas distribution system - - - - -
- (19) (51) (93) (146) (87)
Depreciation adjustments
Freehold land - - - -
Leasehold land - - - -
Buildings on freehold land - - - -
Buildings on leasehold land - - - -
Gas distribution system, related
facilities and equipment 8 11 1 -
Telecommunication - 0 - (0)
Plant and machinery - - 0 -
Roads, pavements and related
infrastructures - - - -
Tools and equipment - - 0 0
Motor vehicles - - (1) (0)
Furniture and equipment 0 - 12 (1)
Office equipment - - (11) (1)
Computer & ancillary equipments - - (2)
Supervisory control and data
acquisition system - - -
- 8 11 1 (4) -
Leased
Gas distribution system (8) (11) -
- 0 0 1 (4) -
Depreciation ending
Freehold land - - - - - -
Leasehold land - - - - - -
Buildings on freehold land - 23 25 27 29 32
Buildings on leasehold land - 40 45 51 56 64
Gas distribution system, related
facilities and equipment - 6,082 7,087 7,935 8,853 10,819
Telecommunication - 7 7 8 8 10
Plant and machinery - 192 203 212 231 272
Roads, pavements and related
infrastructures - 1 1 1 1 1
Tools and equipment - 40 46 53 62 92
Motor vehicles - 231 244 257 281 354
Furniture and equipment - 55 55 70 74 97
Office equipment - - 4 (5) (3) (2)
Computer & ancillary equipments - 81 81 106 111 146
Supervisory control and data
acquisition system - 99 99 99 99 114
- 6,851 7,898 8,814 9,803 11,998
Leased
Gas distribution system - 11 - - - -
- 6,862 7,898 8,814 9,803 11,998
Leased
Gas distribution system - 91 - - - -
- 10,252 11,269 13,350 15,584 16,396
Depreciation rate
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 5% 5% 5% 5% 5%
Buildings on leasehold land 5% 5% 5% 5% 5%
Gas distribution system, related
facilities and equipment 5% 5% 8% 8% 8%
Telecommunication 15% 15% 15% 15% 15%
Plant and machinery 10% 10% 10% 10% 10%
Roads, pavements and related
infrastructures 5% 5% 5% 5% 5%
Tools and equipment 33% 33% 33% 33% 33%
Motor vehicles 20% 20% 20% 20% 20%
Furniture and equipment 20% 20% 20% 20% 20%
Office equipment 20% 20% 20% 20% 20%
Computer & ancillary equipments 20% 20% 33% 33% 33%
Supervisory control and data
acquisition system 15% 15% 15% 15% 15%
Leased
Gas distribution system 5% 5% 0% 0% 0%
Owned
Cost at start
Building on leashold land 7 8 8 8 9
Telecommunication 0 0 0 0 1
Plant and machinery 209 210 210 211 232
Tools and equipment 2 3 3 27 31
Furniture and equipment 3 1 1 6 7
Office equipment - 7 7 3 4
Computer & ancillary equipment 1 1 1 1 1
- 223 229 230 257 285
Additions
Building on leashold land 0 1 - 1 2
Telecommunication - (0) - 1 0
Plant and machinery 1 0 2 21 46
Tools and equipment 1 0 24 4 1
Furniture and equipment 4 (0) 5 1 0
Office equipment 0 (4) 0 1
Computer & ancillary equipment 0 - 0 - 0
- 6 1 27 28 50
Cost at end
Building on leashold land - 8 8 8 9 11
Telecommunication - 0 0 0 1 1
Plant and machinery - 210 210 211 232 278
Tools and equipment - 3 3 27 31 32
Furniture and equipment - 8 1 6 7 7
Office equipment 7 3 4 5
Computer & ancillary equipment - 1 1 1 1 2
- 229 230 257 285 335
Depreciation beginning
Building on leashold land 6 6 7 7 7
Telecommunication 0 0 0 0 0
Plant and machinery 146 152 158 206 209
Tools and equipment 1 1 1 5 14
Furniture and equipment 2 0 0 3 4
Office equipment - 3 3 2 2
Computer & ancillary equipment 0 0 1 1 1
- 156 163 170 225 237
Depreciation charge
Building on leashold land 0 0 1 0 1
Telecommunication 0 (0) 0 0 0
Plant and machinery 7 5 48 3 56
Tools and equipment 0 0 4 9 7
Furniture and equipment 1 (0) 3 1 1
Office equipment 0 (1) 0 1
Computer & ancillary equipment 0 0 1 (0) 0
- 8 6 55 12 65
Depreciation ending
Building on leashold land - 6 7 7 7 8
Telecommunication - 0 0 0 0 0
Plant and machinery - 152 158 206 209 264
Tools and equipment - 1 1 5 14 20
Furniture and equipment - 3 0 3 4 5
Office equipment - - 3 2 2 3
Computer & ancillary equipment - 0 1 1 1 1
- 163 170 225 237 302
Depreciation rate
Building on leashold land 10% 10% 5% 8% 8%
Telecommunication 10% 10% 15% 12% 12%
Plant and machinery 20% 20% 20% 20% 20%
Tools and equipment 10% 10% 33% 18% 20%
Furniture and equipment 10% 10% 20% 13% 14%
Office equipment 10% 10% 20% 13% 14%
Computer & ancillary equipment 10% 10% 33% 18% 20%
Additions
Leasehold land 14 - 158
Gas distribution system 56 2 635
Plant and machinery 15 - 170
Tools and equipment 0 - 1
Furniture and equipment 3 - 36
Office equipment 0 0 0
Computer & ancillary equipment 0
- - - 89 2 1,000
Cost at end
Leasehold land 14 14 172
Gas distribution system 56 58 693
Plant and machinery 15 15 185
Tools and equipment 0 0 1
Furniture and equipment 3 3 39
Office equipment 0 0 0
Computer & ancillary equipment 0 -
- - - 89 91 1,091
Depreciation beginning
Leasehold land - - -
Gas distribution system - 2 4
Plant and machinery - 0 2
Tools and equipment - 0 0
Furniture and equipment - 0 0
Office equipment - 0 0
Computer & ancillary equipment -
- - - - 2 6
Depreciation charge
Leasehold land - - -
Gas distribution system 2 2 52
Plant and machinery 0 1 2
Tools and equipment 0 0 0
Furniture and equipment 0 0 8
Office equipment 0 0 0
Computer & ancillary equipment 0
- - - 2 4 62
Depreciation ending
Leasehold land - - - - - -
Gas distribution system - - - 2 4 56
Plant and machinery - - - 0 2 3
Tools and equipment - - - 0 0 1
Furniture and equipment - - - 0 0 8
Office equipment - - - 0 0 0
Computer & ancillary equipment 0 -
- - - 2 6 68
Depreciation rate
Leasehold land 0% 0% 0%
Gas distribution system 8% 8% 8%
Plant and machinery 1% 1% 1%
Tools and equipment 33% 33% 33%
Furniture and equipment 20% 20% 20%
Office equipment 20% 20% 20%
PROPERTY, PLANT AND EQUIPMENT
Operating assets 16,607 16,665 19,235 22,225 27,020 30,197
Capital work in progress 616 832 2,406 2,675 4,313 2,874
17,223 17,497 21,641 24,900 31,334 33,071
% Additions
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 1% 0% 0% 1%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 1% 1% 0% 1% 1%
Gas transmission pipelines 35% 80% 76% 64% 73%
Compressors 12% 1% 0% 4% 2%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 6% 1% 0% 2% 1%
Tools and equipment 1% 1% 1% 1% 1%
Motor vehicles 9% 5% 4% 6% 5%
Furniture and equipment 4% 0% 2% 2% 1%
Office equipment 0% 1% 3% 1% 1%
Computer & ancillary equipments 3% 2% 2% 2% 2%
Supervisory control and data
acquisition system 21% 5% 1% 9% 5%
Construction equipment 6% 2% 11% 6% 6%
% Deletions
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 0% 0% 0% 0% 0%
Gas transmission pipelines 0% 0% 0% 0% 0%
Compressors 0% 0% 0% 0% 0%
Telecommunication 0% 0% -4% -1% -2%
Plant and machinery 0% 0% 0% 0% 0%
Tools and equipment 0% 0% 0% 0% 0%
Motor vehicles -2% -1% 0% -1% -1%
Furniture and equipment 0% 0% 0% 0% 0%
Office equipment 0% 0% 0% 0% 0%
Computer & ancillary equipments 0% 0% 0% 0% 0%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
Construction equipment 0% 0% 0% 0% 0%
% Adjustments
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 0% 0% 0% 0% 0%
Gas transmission pipelines 0% 0% 0% 0% 0%
Compressors 0% 1% 0% 0% 0%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 0% 0% 0% 0% 0%
Tools and equipment 0% 0% 0% 0% 0%
Motor vehicles 0% 0% 2% 1% 1%
Furniture and equipment 0% 0% 5% 2% 2%
Office equipment 0% 0% -5% -2% -2%
Computer & ancillary equipments 0% 0% 0% 0% 0%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
Construction equipment 0% 0% -2% -1% -1%
% Depreciation deletions
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 0% 0% 0% 0% 0%
Gas transmission pipelines 0% 0% 0% 0% 0%
Compressors 0% 0% 0% 0% 0%
Telecommunication 0% 0% -7% -2% -3%
Plant and machinery 0% 0% 0% 0% 0%
Tools and equipment 0% 0% 0% 0% 0%
Motor vehicles -1% -3% -1% -2% -2%
Furniture and equipment 0% 0% -1% 0% 0%
Office equipment 0% 0% 0% 0% 0%
Computer & ancillary equipments 0% -1% 0% 0% -1%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
Construction equipment 0% 0% -1% 0% 0%
% Depreciation adjustments
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 0% 0% 0% 0% 0%
Gas transmission pipelines 0% 0% 0% 0% 0%
Compressors 0% 2% 0% 1% 1%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 0% 0% 0% 0% 0%
Tools and equipment 0% 0% 0% 0% 0%
Motor vehicles 0% 0% 6% 2% 3%
Furniture and equipment 0% 0% 0% 0% 0%
Office equipment 0% 0% -6% -2% -3%
Computer & ancillary equipments 0% 0% 0% 0% 0%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
Construction equipment 0% 0% 0% 0% 0%
% Additions
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 1% 1% 0% 1% 1%
Gas distribution system, related
facilities and equipment 93% 89% 94% 92% 92%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 1% 3% 1% 2% 2%
Roads, pavements and related
infrastructures 0% 0% 0% 0% 0%
Tools and equipment 0% 1% 0% 0% 0%
Motor vehicles 3% 5% 3% 4% 4%
Furniture and equipment 0% 0% 0% 0% 0%
Office equipment 0% 0% 0% 0% 0%
Computer & ancillary equipments 1% 1% 0% 1% 1%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
Leased
Gas distribution system 0% 0% 0% 0% 0%
% Deletions
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 0% 0% 0% 0% 0%
Gas distribution system, related
facilities and equipment 0% 0% -2% -1% -1%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 0% 0% 0% 0% 0%
Roads, pavements and related
infrastructures 0% 0% 0% 0% 0%
Tools and equipment 0% 0% 0% 0% 0%
Motor vehicles -1% -2% -1% -1% -1%
Furniture and equipment 0% 0% 0% 0% 0%
Office equipment 0% 0% 0% 0% 0%
Computer & ancillary equipments 0% -1% 0% 0% 0%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
% Depreciation deletions
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 0% 0% 0% 0% 0%
Buildings on leasehold land 0% 0% 0% 0% 0%
Gas distribution system, related
facilities and equipment 0% 0% -1% 0% 0%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 0% 0% 0% 0% 0%
Roads, pavements and related
infrastructures 0% 0% 0% 0% 0%
Tools and equipment 0% 0% 0% 0% 0%
Motor vehicles 0% 0% 0% 0% 0%
Furniture and equipment 0% 0% 0% 0% 0%
Office equipment 0% 0% 0% 0% 0%
Computer & ancillary equipments 0% 0% 0% 0% 0%
Supervisory control and data
acquisition system 0% 0% 0% 0% 0%
% Additions
Building on leashold land 3% 3% 4% 3% 3%
Telecommunication 0% 0% 0% 0% 0%
Plant and machinery 94% 92% 91% 92% 92%
Tools and equipment 1% 1% 1% 1% 1%
Furniture and equipment 2% 0% 0% 1% 0%
Office equipment 0% 3% 3% 2% 3%
Computer & ancillary equipment 0% 0% 0% 0% 0%
Additions 50 50
% Additions
Leasehold land 16% 16% 16%
Gas distribution system 63% 63% 63%
Plant and machinery 17% 17% 17%
Tools and equipment 0% 0% 0%
Furniture and equipment 4% 4% 4%
Office equipment 0% 0% 0%
%
Transmission, distribution and selling
costs 99% 94% 79% 91% 88%
Administrative expenses 0% 4% 18% 7% 10%
Gawadar operation 0% 0% 0% 0% 0%
Capital projects 0% 1% 1% 1% 1%
10 13 13 -
- - - -
10 13 13 -
86 104 134 -
8 13 15 -
- - - -
- - - -
8 13 15 -
47 43 60 60
- - -
15 19 19
- - -
28 33 32
2,839 2,770 2,845
81 108 85
8 8 8
59 72 62
31 31 31
205 217 208
70 69 64
68 58 62
80 85 82
- - -
- - -
- - -
- - -
- - -
- - -
(101) (78) (85)
(2) (2) (3)
- - -
(9) (8) (8)
(161) (142) (149) -
- - -
1 1 1
- - -
(1) (1) (1)
- - -
10 13 13
- - -
(0) (0) (0)
- - -
51 39 43
111 85 93
(111) (85) (93)
- - -
- - -
(51) (39) (43)
10 13 13 -
47 47 47 47
160 180 199 199
279 279 279 279
1,047 1,078 1,109 1,109
25,034 27,804 30,649 30,649
2,474 2,594 2,693 2,693
364 295 218 218
573 643 702 702
- - - -
185 216 247 247
1,186 1,403 1,616 1,616
519 667 818 818
138 108 75 75
396 475 551 551
679 943 1,172 1,172
1,179 1,398 1,619 1,619
34,260 38,130 41,994 41,994
- - - -
- - - -
149 163 177 191
563 613 665 718
11,617 12,118 12,674 13,287
2,162 2,196 2,237 2,280
516 500 482 439
360 415 477 544
- - - -
- - - -
14 14 14 14
52 54 55 55
501 556 613 613
25 26 27 27
55 44 33 33
57 64 70 70
62 72 82 82
237 281 323 323
104 133 164 164
28 22 15 15
132 158 184 184
- - - -
- - -
- - -
- - -
- - -
- - -
(70) (62) (76)
(2) (2) (3)
- - -
(7) (7) (8)
(112) (115) (137) -
- - - -
- - -
- - -
(2) (2) (3)
- - -
9 14 16
(0) (0) (0)
(0) (0) (0)
- - -
59 52 64
(0) (0) (0)
(56) (49) (60)
- - -
- - -
(1) (1) (1)
8 13 15 -
- - - -
- - - -
163 177 191 205
613 665 718 773
12,118 12,674 13,287 13,900
2,196 2,237 2,280 2,307
500 482 439 471
415 477 544 615
47 47 47 47
160 180 199 199
116 102 88 74
434 414 392 336
12,916 15,130 17,362 16,749
277 358 413 386
(136) (187) (220) (253)
158 166 158 88
- - - -
(42) (83) (134) (216)
255 168 27 (297)
78 97 90 (73)
201 201 216 201
2 (70) (170) (354)
0% 0% 0% 0%
0% 0% 0% 0%
5% 5% 5% 5%
5% 5% 5% 5%
2% 2% 2% 2%
1% 1% 1% 1%
15% 15% 15% 15%
10% 10% 10% 10%
33% 33% 33% 33%
20% 20% 20% 20%
20% 20% 20% 20%
20% 20% 20% 20%
33% 33% 33% 33%
1 1 1 1
92 108 124 140
553 653 755 857
114 128 142 155
7 13 20 27
127 140 155 168
99 99 99 99
28,394 32,272 36,157 40,037
- - - -
28,394 32,272 36,157 40,037
- - -
1 1 1
- - -
24 29 28
- - -
17 17 17
148 155 155
15 14 14
7 7 8
20 23 21
- - -
4,000 4,000 4,000 -
- - -
4,000 4,000 4,000 -
- - -
- - -
- - -
- - -
- - -
(0) (1) (1)
(48) (54) (53)
(1) (1) (1)
(1) (1) (1)
(6) (8) (8)
- - -
(122) (116) (119) -
- - -
(122) (116) (119) -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
10 10 10 10
36 37 38 38
45 45 45 45
186 215 242 242
1 1 1 1
108 124 140 140
653 755 857 857
128 142 155 155
13 20 27 27
140 155 168 168
99 99 99 99
32,272 36,157 40,037 40,037
- - - -
32,272 36,157 40,037 40,037
- - - -
- - - -
32 34 36 38
64 74 84 96
1 1 1 1
92 128 169 215
354 442 540 649
97 121 149 178
(2) 0 4 8
146 188 231 276
- - - -
- - - -
2 2 2 -
9 11 12 -
2,274 2,548 2,821 -
2 2 3 -
52 57 63 4
0 0 0 5
36 41 47 6,094
131 151 171 3
26 28 31 83
3 4 5 0
47 52 56 72
15 15 15 97
2,596 2,911 3,226 6,359
- - - -
2,596 2,911 3,226 6,359
- - - -
- - -
- - -
- - -
- - -
(0) (0) (1)
(42) (53) (63)
(1) (1) (1)
(0) (1) (1)
(5) (9) (10)
- - -
(113) (124) (155) -
- - - -
(113) (124) (155) -
- - - -
- - - -
- - - -
- - - -
34 36 38 38
74 84 96 96
1 1 1 6
128 169 215 6,309
442 540 649 652
121 149 178 262
0 4 8 8
188 231 276 348
- - - -
14,481 17,268 20,339 26,698
10 10 10 10
36 37 38 38
11 9 7 7
112 131 146 146
- - - -
17,791 18,889 19,698 13,339
0% 0% 0% 0%
0% 0% 0% 0%
5% 5% 5% 5%
5% 5% 5% 5%
8% 8% 8% 8%
15% 15% 15% 15%
10% 10% 10% 10%
5% 5% 5% 5%
33% 33% 33% 33%
20% 20% 20% 20%
20% 20% 20% 20%
20% 20% 20% 20%
33% 33% 33% 33%
0% 0% 0% 0%
11 15 18 23
1 1 1 1
278 370 461 599
32 33 35 37
7 7 8 9
5 8 10 14
2 2 2 3
335 435 535 685
3 3 5
0 0 0
92 92 137
1 1 2
0 0 1
3 2 4
0 0 1
100 100 150 -
15 18 23 23
1 1 1 1
370 461 599 599
33 35 37 37
7 8 9 9
8 10 14 14
2 2 3 3
435 535 685 685
8 9 10 12
0 0 0 0
264 338 430 550
20 28 36 44
5 7 8 9
3 4 5 8
1 2 2 3
302 388 492 626
1 1 2
0 0 0
74 92 120
8 7 8
1 1 1
1 1 2
0 1 1
86 104 134 -
9 10 12 12
0 0 0 0
338 430 550 550
28 36 44 44
7 8 9 9
4 5 8 8
2 2 3 3
388 492 626 626
5 7 11 11
0 0 0 0
32 31 49 49
5 (1) (7) (7)
1 0 (0) (0)
4 5 6 6
0 0 0 0
47 43 60 60
7% 8% 8% 7%
13% 12% 12% 13%
20% 20% 20% 20%
24% 21% 22% 22%
16% 15% 15% 15%
16% 15% 15% 15%
24% 21% 22% 22%
- - - -
56 179 374 640
3 8 15 24
1 2 3 6
8 27 56 96
0 0 0 0
- - -
123 195 266
4 7 10
1 2 2
18 29 40
0 0 0
- - - -
179 374 640 640
8 15 24 24
2 3 6 6
27 56 96 96
0 0 0 0
- - - -
215 448 766 766
0% 0% 0% 0%
8% 8% 8% 8%
1% 1% 1% 1%
33% 33% 33% 33%
20% 20% 20% 20%
20% 20% 20% 20%
35,307 39,794 43,707
3,747 4,034 4,223
39,054 43,828 47,931
11 16 22
75 102 87
2% 2% 2% 2%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
8% 7% 7% 7%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
1% 1% 1%
71% 69% 71%
2% 3% 2%
0% 0% 0%
1% 2% 2%
1% 1% 1%
5% 5% 5%
2% 2% 2%
2% 1% 2%
2% 2% 2%
5% 7% 6%
8% 7% 7%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
-3% -2% -2% -2%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -1% -1% -1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
1% 1% 1% 1%
3% 2% 2% 2%
-3% -2% -2% -2%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -1% -1% -1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
-4% -3% -4% -4%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -2% -2% -1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
1% 1% 1% 1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
4% 3% 3% 3%
0% 0% 0% 0%
-3% -3% -3% -3%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
1% 1% 1% 1%
0% 0% 0% 0%
0% 0% 0% 0%
4% 4% 4% 4%
0% 0% 0% 0%
0% 0% 0% 0%
0% 1% 1% 1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
-1% -1% -1%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
3% 3% 3%
0% 0% 0%
92% 92% 92%
1% 1% 1%
0% 0% 0%
3% 2% 3%
0% 0% 0%
66 60 73
6 7 8
72 67 81
35 39 45
1% 1% 1%
0% 0% 0%
1% 1% 1%
0% 0% 0%
92% 92% 92%
449% 443% 495%
MMCF
FY01 FY02 FY03 FY04 FY05 FY06 FY07
Transmission 306,600 358,680 372,300 385,805 414,000
Capacity utilization factor #DIV/0! #DIV/0! 90.6% 95.3% 98.2% 99.5% 99.0%
8% 8% 9% 8%
Consumer financing 45 33 37 58
Consumer financing 45 45 53 78
Less: current portion - 12 16 20
45 33 37 58
Finance cost
Interest, commitmet charges, exchange risk coverage
fee and government guarantee fee on foreign currency
loans 454 288 134 24
Financial charges on liabilities against assets subject to
financial lease 40 6 2 -
Mark-up on:
Redeemable capital 318 357 179 109
Local currency financing - - 164 579
Short term financing - - 28 98
Consumers' deposits 36 42 48 57
Workers' profit participation fund 2 2 1 1
Others 1 1 8 523
Late paymeent of GDS 22 - - -
873 696 563 1,390
%
Rdeemable capital 63% 47% 24% 26%
Short term financing 13% 8%
Consumers' deposits 80% 94% 91% 73%
WPPF 1% 1% 1% 5%
Others
UBL
Amount outstanding 750
No of installments remaining 6
No of installments per year 2
Interest rate 12%
Installments 153
Date Balance Installment
1H-FY07 750 153
2H-FY07 642 153
1H-FY08 529 153
2H-FY08 408 153
1H-FY09 280 153
2H-Y09 144 153
SCB- tranche 1
Amount outstanding 2,000
No of installments remaining 6
No of installments per year 2
Interest rate 12%
Installments 407
Date Balance Installment
1H-FY07 2,000 407
2H-FY07 1,713 407
1H-FY08 1,409 407
2H-FY08 1,087 407
1H-FY09 746 407
2H-FY09 384 407
SCB- tranche 2
Amount outstanding 1,000
No of installments remaining 6
No of installments per year 2
Interest rate 12%
Installments 203
Date Balance Installment
2H-FY07 1,000 203
1H-FY08 857 203
2H-FY08 705 203
1H-FY09 544 203
2H-FY09 373 203
1H-FY10 192 203
NBP- syndicated
Amount outstanding 3,000
No of installments remaining 6
No of installments per year 2
Interest rate 11.52%
Installments 605
Date Balance Installment
1H-FY08 3,000 605
2H-FY08 2,567 605
1H-FY09 2,110 605
2H-FY09 1,626 605
1H-FY10 1,114 605
2H-FY10 573 605
Loan 1 (FY09)
Amount outstanding 5,000
No of installments remaining 8
No of installments per year 2
Interest rate 12%
Installments 797
Date Balance Installment
1H-FY09 5,000 797
2H-FY09 4,490 797
1H-FY10 3,951 797
2H-FY10 3,381 797
1H-FY11 2,778 797
2H-FY11 2,141 797
1H-FY12 1,467 797
2H-FY12 754 797
Loan 2 (FY10)
Amount outstanding 5,000
No of installments remaining 8
No of installments per year 2
Interest rate 12%
Installments 797
Date Balance Installment
1H-FY10 5,000 797
2H-FY10 4,490 797
1H-FY11 3,951 797
2H-FY11 3,381 797
1H-FY12 2,778 797
2H-FY12 2,141 797
1H-FY13 1,467 797
2H-FY13 754 797
Loan 3 (FY11)
Amount outstanding 5,000
No of installments remaining 8
No of installments per year 2
Interest rate 12%
Installments 797
Date Balance Installment
1H-FY11 5,000 797
2H-FY11 4,490 797
1H-FY12 3,951 797
2H-FY12 3,381 797
1H-FY13 2,778 797
2H-FY13 2,141 797
1H-FY14 1,467 797
2H-FY14 754 797
Loan 4 (FY12)
Amount outstanding 6,000
No of installments remaining 8
No of installments per year 2
Interest rate 12%
Installments 957
Date Balance Installment
1H-FY12 6,000 957
2H-FY12 5,388 957
1H-FY13 4,741 957
2H-FY13 4,057 957
1H-FY14 3,334 957
2H-FY14 2,569 957
1H-FY15 1,760 957
2H-FY15 905 957
Loan 5 (FY13)
Amount outstanding 6,000
No of installments remaining 8
No of installments per year 2
Interest rate 12%
Installments 966
Date Balance Installment
1H-FY13 6,000 957
2H-FY13 5,388 957
1H-FY14 4,741 957
2H-FY14 4,057 957
1H-FY15 3,334 957
2H-FY15 2,569 957
1H-FY16 1,760 957
2H-FY16 905 957
CY07 CY08 CY09 CY10 CY11 CY12
500
2,167
3,000
1,500
1,500
2,992
71
11,730
2,992
5,000
5,000
6,000
6,000
- 111 67 51 57
- - - - -
32 - - - -
1,008 620 1,225 1,303 1,377 201
171 143 143 165 177 43
57 140 149 159 178 14
1 1 0 0 0 0
510 535 562 590 619 127
3month
KIBOR 10%
MCF
FY03 FY04 FY05 FY06
Gas in pipelines 872,064 751,484 851,138 884,925
Gas purchases:
PPL 82,517,912 43,253,750 42,191,305 43,277,283
OGDC 3,810,954 5,198,002 3,065,807 3,467,539
BP 74,892,368 73,402,092 75,860,133 79,279,778
Orient Petroleum - 4,105,087 19,444,295 26,556,074
ENI 41,639,360 106,864,760 111,807,030 113,263,420
Mari gas 241,103 262,763 270,231 290,845
SNGPL 147,953 253,115 232,820 283,604
BHP 31,149,181 34,304,842 34,337,371 35,934,222
OMV 44,289,225 76,363,719 80,378,126 83,009,255
- -
Heating value
Badin
Bhit
Bhit - 2
Bobi
Daru
Ghotki town
Hassan - SNGPL
Kadanwari
Kandhkot
Khipro block - Naimat basal
Mari
Mazarani
Miano
Mirpurkhas
Rustam town
Sari/ Hundi
Sawan
Sinjhoro
Sui
Zamzama
Average
Total
Million converter
Cost of gas
Rs mn
Gas in pipelines 96 113
Gas purchases:
PPL 2,764 3,532
OGDC 310 409
BP 11,092 13,544
Orient Petroleum 2,712 4,319
ENI 19,191 23,505
Mari gas 6 7
SNGPL 23 33
BHP 4,123 4,901
OMV 12,665 14,871
Purchase/ MMBTU
Ponting batting 45 9
Ponting fielding 1 2
Ponting bonus -
Collingwood batting 44 9
Collingwood fielding 1 2
Collingwood bonus -
Gilchrist batting 62 16
Gilchrist keeping 9 27
Gilchrist bonus -
Warne bowling 3 6
Warne fielding -
Warne bonus
Panesar bowling 2 4
Panesar fielding -
Panesar bonus -
Total 74
Pietersen batting 70 14
Pietersen fielding 1 2
Pietersen bonus -
Flintoff batting 96 24
Flintoff fielding - -
Flintoff bowling 1 3
Flintoff bonus - -
Hussey batting 37 7
Hussey fielding 2 4
Hussey bonus -
Bell Batting 99 20
Bell fielding -
Bell bonus
Symond Batting 48 12
Symonds bowling -
Symonds fielding -
Symonds bonus
Mc Grath bowling 3 6
Mc Grath fielding -
Mc Grath bonus
Clark Bowling 4 8
Clark fielding -
Clark bonus
FY07 FY08 FY09 FY10 FY11 FY12
809,447 940,661 1,041,310 1,251,879 1,416,309 1,630,304
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
FY19 FY20 FY21 FY22 FY23 FY24
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
FY25
-
-
-
-
-
Rs mn
FY03 FY04 FY05 FY06
Common size
Income from financial assets
Late payment surcharge 1% 0% 0% 0%
Retrurn on:
Term and profit and loss bank deposits 0% 0% 0% 0%
staff loans 0% 0% 0% 0%
Interest income - others 0% 0% 0% 1%
Dividend income 0% 0% 0% 0%
1% 1% 1% 1%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 1% 0% 0% 0%
0% 0% 0% 0% 0%
1% 1% 1% 1% 1%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
Growth
First slab -1%
Second slab -1%
Third slab -1%
Fourth slab -1%
Fifth slab -1%
Coomercial consumers -1%
Ice factories -1%
Insdustrial consumers -1%
Captive power -1%
CNG station -1%
Cement industry -1%
Fertilizer factories fuelstock -1%
Power station -1%
Fertilizer factories feedstock 0%
79 79 79
83 83 83
151 151 151
242 242 242
314 314 314
275 275 275
275 275 275
244 244 244
244 244 244
257 257 257
296 296 296
244 244 244
244 244 244
37 100 110
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
0% 10% 10%
% of sales
Salearies, wages and benefits growth 6% -29% 29%
Contribution accruals in respect of staff
retirement benefit scheme growth 9% -51% 30%
Depreciation on operating assets
Amortization of intangible asset
Repairs and maintenance % of assets 2% 1% 1% 1%
Stores, spares and supplies consumed % of
sales 0% 0% 0% 0%
Provision against doubtful debts
Gas consumed internally
Legal and professional charges growth 9% -80% 89%
Electricity growth 7% -53% 79%
Security expenses % of sales 0% 0% 0% 0%
Insurance and royalty growth 1% 22% 15%
Travelling growth 1% -63% 31%
Material and labor used on consumers'
installation/ No of cutomers 0% 0% 0% 0%
Gas bill collection charges % of sales 0% 0% 0% 0%
Postage and revenue stamps growth 8% -13% 74%
Rent, rates and taxes % of sales 0% 0% 0% 0%
Infrastructure development fee / FA 0% 0% 0% 0%
Revenue expenss related to LNG
Others % of sales 0% 0% 0% 0%
51 57 64 62 66
80 91 122 127 148
38 49 67 77 102
28 29 35 41 46
50 65 73 80 90
21 25 32 39 29
111 100 141 153 172
6,411 7,896 9,025 10,010 11,026
2% 1% 11% 5% 5%
1% 1% 1% 1% 1%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
-2% 31% 36% 14% 33%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
25,457 27,926
Sales breakdown
Power stations 43% 40% 38% 36% 38%
Cement plants 1% 2% 2% 1% 1%
Pakistan steel 5% 4% 4% 5% 4%
Fertilizer 7% 8% 7% 6% 7%
Textiles 8% 9% 8% 9% 9%
CNG stations 1% 2% 2% 4% 3%
Other industries 16% 17% 19% 20% 19%
Industrial 80% 80% 81% 80% 80%
Commercial 2% 2% 2% 2% 2%
Domestic 17% 17% 17% 17% 17%
Sales MMBTU
Power stations 119,974,264 146,652,352
Cement plants 3,179,397 5,295,876
Pakistan steel 15,413,491 16,889,444
Fertilizer fedstock 20,865,498 21,540,469
Fertilizer fuelstock - 4,728,396
Textiles 29,177,082 32,918,486
CNG stations 12,303,702 9,790,255
Other industries 67,953,497 71,962,809
Industrial 268,866,930 309,778,088
Commercial 8,385,895 9,219,100
Domestic 58,680,569 66,112,358
335,933,394 385,109,546
1,000,000 1,000,000
0.94 0.94
Sales Rs mn
Power stations 30,189 36,532
Cement plants 970 1,600
Pakistan steel 3,878 4,207
Fertilizer feedstock 767 792
Fertilizer fuelstock - 1,178
Textiles 7,342 8,200
CNG stations 3,259 2,567
Other industries 17,099 17,927
Industrial 63,504 73,004
Commercial 2,374 2,584
Domestic 10,518 11,732
76,397 87,320
Prescribed increase/
(decrease) - -
- - -
0% 0% 0% 0% 0% 0% 0% 0%
Total income
Less: expenses
Cost of gas
T&D costs
Depreciation
WPPF
Other charges excluding WPPF
Total expenses
Return available
(Surplus) / Shortfall
20 21 22 24
369 512 487 592
78 104 110 124
71 87 100 113
58 59 60 62
10 11 11 12
4 6 5 6
11 12 14 16
17 15 13 11
1 2 2 2
9 11 13 15
80 109 119 138
1,407 1,660 1,703 1,898
5% 5% 5% 5%
5% 5% 5% 5%
0% 0% 0% 0%
0% 0% 0% 0%
2% 2% 2% 2%
7% 7% 7% 7%
0% 0% 0% 0%
-14% -14% -14% -14%
0% 0% 0% 0%
0% 0% 0% 0%
Auditors' remuneration
Statutory audit 1 1 1 1 1
Special audits and certifications - 0 0 0 0
Out of pocket expenses 0 0 0 - 0
1 1 1 1 1
WPPF 108 83 84 91 70
Sports expenses 5 15 17 19 18
CSR - 6 9 10 17
Auditors' remuneration
Statutory audit 6% 6% 14% 9%
Special audits and certifications 30% -78% -24%
Out of pocket expenses 400% 0% -100% 100%
WPPF
Sports expenses 194% 14% 14% 14%
CSR 55% 15% 35%
1 1 1 1
0 0 0 0
0 0 0 0
1 1 2 2
65 56 50 43
21 23 27 30
21 28 35 46
11 11 12 12
- - - -
- - - -
- - - -
25 33 35 40
17 24 20 22
162 176 180 196
3% 3% 3% 3%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
Covariance 0
Variance 0
Beta 1.01
4% 6% -2% 5% 6%
6% 5% -6% -4% -1%
6% 5% 3% 3% 4%
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
9% 6% 6% 7% 7% 7% 7% 7% 7%
4% 5% 5% 5% 4% 4% 5% 4% 4%
4% 3% 4% 4% 4% 4% 4% 4% 4%
5% 4% 4% 4% 4% 4%
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
4,745 5,071 5,417 5,788 6,185 6,609 7,062 7,546 8,063 8,616
27,005 28,209 29,465 30,770 32,130 33,548 35,036 36,588 38,207 39,898
2,417,571 2,512,666 2,611,825 2,715,331 2,822,688 2,933,965 3,049,791 3,170,276 3,295,548 3,425,695
- - - - - - - - - -
2,449,320 2,545,946 2,646,707 2,751,890 2,861,004 2,974,122 3,091,889 3,214,410 3,341,819 3,474,209
7% 7% 7% 7% 7% 7% 7% 7% 7% 7%
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
FY23 FY24 FY25
7% 7% 7%
4% 4% 4%
4% 4% 4%