Attock Petroleum Limited’s financial results for the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on September 10, 2011 at 04:00 p.m. (06:00 p.m. PST) at Damascus, Syria recommended the following:
(i) Cash Dividend
A final Cash Dividend for the year ended June 30, 2011 at Rs. 30/- (Thirty) per share i.e. 300%. This is in addition to Interim Dividend (s) already paid at Rs. 11.50 per share i.e. 115%.
(ii) Bonus Shares
It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of NIL share (s) for every NIL share (s) held i.e. NIL%. This is in addition to the Interim Bonus Shares already issued @ NIL%.
(iii) Right Shares
The Board has recommended to issue NIL% Right Shares at par/at a discount / premium of Rs. NIL per share in proportion of NIL share(s) for every NIL share(s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
BALANCE SHEET AS AT JUNE 30, 2011
|SHARE CAPITAL AND RESERVES|
|Issued, subscribed and paid up capital||6||691,200||576,000|
|NON CURRENT LIABILITIES|
|Long term deposits||8||209,316||178,908|
|Deffered income tax liabiltty||9||111,000||110,000|
|Trade and other payables||10||12,073,287||11,554,057|
|Provision for income tax||540,540||363,110|
|CONTINGENCIES AND COMMITMENTS||11|
|NON CURRENT ASSETS|
|Property, plant and equipment||12||1,374,767||1,217,217|
|Long term investments In|
|Long term prepayments||14||15,231||30,483|
|Stores and spares||9,729||6,630|
|Stock in trade||15||5,246,705||993,282|
|Advances, deposits, prepayments|
|and other receivables||17||1,459,703||719,904|
|Shot term investments||18||1,015,930||831,754|
|Cash and bank balances||19||5,218,037||9,275,603|
The annexed notes 1 to 36 form an integrai part of these financial information.
(iv) Any Other Entitlement / Corporate Action
(v) Any Other Price-Sensitive Information
The financial results of the Company are attached as Annexure I.
The Annual General Meeting of the Company will be held on October 18, 2011, at Islamabad. Time and Venue will be intimated shortly.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on October 08, 2011.
The Share Transfer Books of the Company will be closed from October 10, 2011 to October 18, 2011 (both days inclusive). Transfers received at the following address:
THK Associates (Pvt.) Limited
Ground Floor, State Life Building No. 3,
Dr. Ziauddin Ahmed Road,
Ph No: (92+21) 111-000-322
At the close of business on October 08, 2011 will be treated in time for the purpose of above entitlement to the transferees.
Attock Petroleum Limited
Profit and Loss Account
For the Year Ended June 30, 2011
|Cost of products sold||21||(104,680,507)||(79,032,034)|
|Other operating income||22||1,978,931||1,308,904|
|Income on bank deposits and short term investments||25||962,838||980,736|
|Share of profit of associated companies||13||93,211||42,337|
|Profit before Taxation||6,017,511||4,846,309|
|Provision for taxation||27||(1,761,000)||(1,252,000)|
|Profit for the Year||4,256,511||3,594,309|
|Earnings per share – Basic and diluted (Rupees)||28||61.58||52.00|
The annexed notes 1 to 36 form an integral part of these financial information.
For more information, contact:
Attock Petroleum Limited
6, Faisal Avenue,