STATEMENT OF FINANCIAL POSITION 2020 2019 2018 2017 2016

Rs. (Millions)
ASSETS
NON-CURRENT ASSETS
Fixed Assets 12,146 13,667 15,401 17,262 36,587
Property, plant and equipment 26 52 55 45 44
Intangibles 56,549 48,355 20,679 11,174 5,876
Long term investments - - - - -
Long term loan and advance 22 22 21 133 21
Long term deposits and prepayments 68,743 62,096 36,156 28,614 42,528
137,486 124,192 72,312 57,228 85,056
CURRENT ASSETS
Stores, spares and consumables 1,722 1,851 1,955 1,960 2,460
Stock-in-trade 6,319 4,576 5,688 2,786 2,563
Trade debts 75,031 66,256 82,683 73,662 77,747
Loans and advances 160 732 90 143 247
Prepayments and other receivables 12,035 10,905 9,618 6,591 5,181
Cash and bank balances 511 7,312 427 1,223 3,280
95,778 91,632 100,461 86,365 91,478

TOTAL ASSETS 164,521 153,728 136,617 114,983 134,006

EQUITY AND LIABILITIES

SHARE CAPTIAL AND RESERVE

Share Capital
Authorised 17,000 17,000 17,000 12,000 12,000
Issued, subscribed and paid-up 12,972 12,972 11,572 11,572 11,572
Capital Reserve
Share premium 5,600 5,600 - - -
Revenue Reserve
Unappropriated profit 24,108 13,691 8,256 7,914 16,007
TOTAL EQUITY 42,680 32,263 19,828 19,486 27,579

NON-CURRENT LIABILITIES
Long term loans 34,006 21,927 12,662 5,432 17,301
Long term lease liabilities 294 - - - -
34,300 21,927 12,662 5,432 17,301
CURRENT LIABILITIES
Trade and other payables 55,981 56,273 79,821 66,222 65,997
Unclaimed dividend 208 190 140 129 123
Unpaid dividend 44 80 247 1,022 2,171
Interest / mark-up accrued 809 568 158 257 515
Short term borrowings 29,914 41,112 21,776 20,091 16,540
Current maturity of long term loans 562 1,315 1,985 2,345 3,780
Current maturity of long term lease liabilities 23 - - - -
87,541 99,538 104,127 90,065 89,126

TOTAL EQUITY AND LIABILITIES 164,521 153,728 136,617 114,983 134,006

 2015 2014

38,818 41,223
3 12
4,918 4,674
63
19 21
43,758 45,993
87,516 91,986

2,111 1,599
3,470 2,389
72,683 79,879
108 78
3,335 2,818
484 2,676
82,191 89,439

125,949 135,432

12,000 12,000
11,572 11,572

- -

20,063 19,473
31,635 31,045

18,419 20,034

18,419 20,034

59,895 62,654
103 89
55 51
763 1,158
10,963 16,878
4,116 3,523
 75,895 84,353

125,949 135,432
STATEMENT OF PROFIT OR LOSS 2020 2019 2018 2017 2016
Rs. (Millions)

Turnover 27,524 36,249 76,676 78,590 86,415

Operating costs -9,630 -24,516 -66,873 -69,273 -71,627
Gross Profit 17,894 11,733 9,803 9,317 14,788
Other income 3,162 2,508 2,229 1,557 1,444
General and administration expenes -757 -872 -900 -615 -925
Finance costs -9,395 -4,961 -2,248 -1,784 -3,109
Other operating expenses -155 -133 -110 -77 -473
Taxation -582 -238 -209 -142 -149

Profit after tax from continuing operations 10,167 8,037 8,565 8,256 11,576
Profit after tax from discontinued operations - - - 1,344 -

Profit for the year 10,167 8,037 8,565 9,600 11,576

 2015 2014

131,484 161,807 2020 2019 2018 2017

-117,093 -150,070 Fuel Cost 791,510 13,572,291 56,384,862 70,130,912
14,391 11,737 late payment to fuel suppliers 3,694,294 4,411,145 4,358,417
-921 -661 total fuel cost 4,485,804 17,983,436 60,743,279 70,130,912
1,532 83
-451 -
-4,538 -4,605
-160 -4

9,853 6,550
- -

9,853 6,550
 2016 2015
63,313,631

63,313,631 107,771,532
 PAKGEN POWER LIMITED
STATEMENT OF FINANCIAL POSITION 2019 2018 2017
(Rs. In '000)
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES

Authorised share capital 4,000,000 4,000,000 4,000,000

Issued, subscribed and paid-up share capita 3,720,816 3,720,816 3,720,816

Capital reserve 116,959 116,959 116,959
Revenue reserve - un-appropriated profit 15,216,287 12,855,905 11,766,415

Total equity 19,054,062 16,693,680 15,604,190

LIABILITIES
NON-CURRENT LIABILITIES

Long term finance - - 334,369

Employee benefit - gratuity 20,941 29,349 -
20,941 29,349
CURRENT LIABILITIES

Trade and other payables 525,088 527,540 1,174,937

Accrued mark-up / profit 313,770 126,510 108,124
Short term borrowings 11,535,517 11,093,800 9,194,511
Current portion of long term finance - 334,369 445,825
Unclaimed dividend 5,676 6,732
12,380,051 12,088,951 10,923,397
Total liabilities 12,400,992 12,118,300 11,257,766

TOTAL EQUITY AND LIABILITIES 31,455,054 28,811,980 26,861,956

ASSETS
NON-CURRENT ASSETS

Fixed assets 6,809,174 7,680,263 8,525,337

Long term investment - - -
Long term loans to employees 22,561 30,205 -
Long term security deposit 300 300 300
6,832,035 7,710,768 8,525,637
CURRENT ASSETS
Stores, spare parts and other consumables 834,763 832,661 813,425
Fuel stock 416,965 516,398 420,331
Trade debts 20,586,064 16,939,272 14,166,522
Loans, advances and short term prepayments 458,752 378,385 351,244
Loans to associated companies 1,009,086 1,000,000 -
Other receivables 357,642 276,445 359,198
Accrued interest 12,506 9,258 -
Sales tax recoverable 795,266 1,145,615 2,163,910
Cash and bank balances 151,975 3,178 61,689
24,623,019 21,101,212 18,336,319

TOTAL ASSETS 31,455,054 28,811,980 26,861,956

 2016 2015

4,000,000 4,000,000

3,720,816 3,720,816
116,959 116,959
11,196,602 11,423,876

15,034,377 15,261,651

780,194 1,226,019
- -
1,226,019

1,521,863 3,474,597
87,211 60,489
7,249,291 5,080,859
445,825 445,825

9,304,190 9,061,770
10,084,384 10,287,789

25,118,761 25,549,440

9,369,818 10,018,982
842 969
- -
300 300
9,370,960 10,020,251

836,954 836,161
319,573 186,875
11,634,502 10,833,800
349,090 297,907
-
293,319 2,286,015
-
1,723,285 1,087,628
591,078 803
15,747,801 15,529,189

25,118,761 25,549,440
 PAKGEN POWER LIMITED
STATEMENT OF PROFIT OR LOSS 2019 2018 2017
(Rs. In '000)
SALES 12,185,385 16,218,296 19,754,785
COST OF SALES -7,618,200 -13,792,637 -17,771,748

GROSS PROFIT 4,567,185 2,425,659 1,983,037

ADMINISTRATIVE EXPENSES -228,783 -174,525 -181,724

OTHER EXPENSES -56,408 -4,748 -14,249
OTHER INCOME 161,771 97,863 205,446

PROFIT FROM OPERATIONS 4,443,765 2,344,249 1,992,510

FINANCE COST -1,532,724 -859,108 -678,533
SHARE OF LOSS FROM ASSOCIATED COMPANY - - -

PROFIT BEFORE TAXATION 2,911,041 1,485,141 1,313,977

TAXATION - - -

PROFIT AFTER TAXATION 2,911,041 1,485,141 1,313,977

Stock Price (Rs) 14.45 18 19.39

 2016 2015

16,044,135 6,523,043
-14,728,099 -4,543,926

1,316,036 1,979,117

-168,599 -153,895
-30,944 -2,594
4,200 97,555

1,120,693 1,920,183
-603,676 -321,037
-127 -1,420

516,890 1,597,726

- -

516,890 1,597,726

22.05 30.01