CHANGE INITIATIVES AT ARL

Contents: Page No. Company Information 03 Directors Review Financial Statements Balance Sheet 06 Profit & Loss Account 08 Statement of Comprehensive Income 09 Cash Flow Statement 10 Statement of Changes in Equity 11 Notes to the Accounts

INTRODUCTION AND BACKGROUND OF ARL

A T T O C K G R O U P P R O F I L E

Attock Group of Companies, a fully integrated group covering all segments of oil and gas industry from exploration to production, and refining to marketing of a wide range of petroleum products in Pakistan. ARL is strategically located up-country in the north of Pakistan and caters to the petroleum products requirements in its region of location and beyond.
ATTOCK REFINERY LIMITED NATIONAL REFINERY LIMITED PAKISTAN OILFIELDS LIMITED ATTOCK PETROLEUM LIMITED

ATTOCK CEMENT PAKISTAN LIMITED

ATTOCK GEN LIMITED ATTOCK HOSPITAL (PVT.) LIMITED ATTOCK INFORMATION TECHNOLOGIES SERVICES (PVT.) LIMITED

A T T O C K R E F I N E R Y L I M I T E D

Since its commissioning in 1922, ARL has passed through various stages of transformation and stood the test of time through war and peace. From batch distillation stills of 2,500 barrels per day (BPD), today it has grown into a modern state-of-the-art refinery with a capacity of 43,000 BPD. It was subsequently converted into a Public Limited Company in June 1979 and is listed on the three Stock Exchanges of the country. The company is also registered with the Central Depositary Company of Pakistan (CDC).

VISION 2020
A T T O C K R E F I N E R Y L I M I T E D

To be a world class and leading organisation continuously providing high quality and environment friendly energy resources

MISSION 2010
To be a model diversified energy resources and petrochemical organisation exceeding expectations of all stakeholders. We will achieve this by utilising best blend of state-of-the-art technologies, high performing people, excellent business processes and synergetic organisational culture

Our success will not be a matter of chance, but of commitment to the following enduring beliefs and values that are engrained in the way we think and take actions to pursue a climate of excellence:
A T T O C K R E F I N E R Y L I M I T E D

Integrity & Ethics Quality Social Responsibility

Integrity, honesty, high ethical, legal and safety standards are cornerstones of our business practices We pursue quality as a way of life. It is an attitude that affects everything we do for relentless pursuit of excellence We believe in respect for the community and preserving the environment for our future generations and keeping National interests paramount in all our actions.

Learning & Innovation

Teamwork

We embrace lifelong learning and innovation as an essential catalyst for our future success. We believe in continuous improvement and to seize opportunities inherent in change to shape the future
We believe that competent and satisfied people are the companys heart, muscle and soul. We savour flashes of genius in organisations life by reinforcing attitude of teamwork and knowledge sharing based on mutual respect, trust and openness We flourish under an ecosystem of shared understanding founded on the concept of empowerment, accountability and open communication in all directions

Empowerment