December 2011 2Nd Quarter

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growth through energy

THE HUB POWER COMPANY LIMITED

UNAUDITED QUARTERLY FINANCIAL STATEMENTS
FOR THE SECOND QUARTER / HALF YEAR
ENDED DECEMBER 31, 2011

Vision

To be an energy leader – committed to deliver growth through energy.

Mission

To be a dynamic and growth – oriented energy company that achieves the highest international standards in its operations and delivers a fair return to its shareholders, while serving the community as a caring corporate citizen.

C O N T E N T S

THE HUB POWER COMPANY LIMITED
PAGE

Company Information
1

3578
Report of the Directors Auditors’ Review Report to the Members Condensed Interim Unconsolidated Profit & Loss Account Condensed Interim Unconsolidated Statement of Comprehensive Income

Condensed Interim Unconsolidated Balance Sheet
9

Condensed Interim Unconsolidated Cash Flow Statement Condensed Interim Unconsolidated Statement of Changes in Equity. Notes to the Condensed Interim Unconsolidated Financial Statements
10 11 12

THE HUB POWER COMPANY LIMITED and its Subsidiary Company

Report of the Directors on the Consolidated Financial Statements Condensed Interim Consolidated Profit & Loss Account
17 18 19 20 21 22 23
Condensed Interim Consolidated Statement of Comprehensive Income Condensed Interim Consolidated Balance Sheet Condensed Interim Consolidated Cash Flow Statement Condensed Interim Consolidated Statement of Changes in Equity Notes to the Condensed Interim Consolidated Financial Statements

COMPANY INFORMATION

M. A. Alireza H.I.

BOARD OF DIRECTORS

(Chairman)

Zafar Iqbal Sobani
(Chief Executive)

Dr. Fereydoon Abtahi Yousuf A. Alireza Robin A. Bramley Dr. Asif A. Brohi Malcolm P. Clampin Taufique Habib Arshad A. Hashmi Qaiser Javed Iqbal Ahmed Khosa Ali Munir
NBP Nominee GOB Nominee
Philippe F. A. L. Salmon S. Nizam A. Shah M. Ashraf Tumbi

Audit Committee

M. Ashraf Tumbi R.A. Bramley Malcolm Clampin Ali Munir
(Chairman)
Qaiser Javed

COMPANY SECRETARY MANAGEMENT

Shamsul Islam Zafar Iqbal Sobani Abdul Nasir Huma Pasha
Chief Executive Officer Chief Financial Officer Chief Internal Auditor Chief Technical Officer Company Secretary Head of Projects
Abdul Vakil Shamsul Islam Wasif Mustafa Khan

Lesley A. Middlecoat
Sr. Manager PR, HR &

Admin

HEAD OFFICE

3rd Floor, Islamic Chamber of Commerce Bldg; ST-2/A, Block 9, Clifton, P.O.Box No. 13841, Karachi-75600 Email:[email protected] Website: http://www.hubpower.com

REGISTERED OFFICE

C/o. Famco Associates (Pvt) Ltd., 12, Capital Shopping Centre, Second Floor, G-11 Markaz, Islamabad

PRINCIPAL BANKERS

Allied Bank of Pakistan Askari Bank Limited Bank Al-Falah Limited Bank Al-Habib Limited Bank of Punjab Bank Islami Pakistan Limited Barclays Bank PLC Pakistan Burj Bank Limited Citibank N.A. Karachi. Faysal Bank Limited Habib Bank Limited Habib Metropolitan Bank Limited Meezan Bank Limited MCB Bank Limited NIB Bank Limited Pak Brunei investment Company Limited Pak China Investment Company Limited Pak Kuwait Investment Company (Pvt) Ltd., Samba Bank Limited Standard Chartered Bank (Pakistan) Ltd., Sumitomo Mitsui Banking Corp. Europe Ltd., London United Bank Limited

INTER-CREDITOR AGENTS:

National Bank of Pakistan, Karachi Habib Bank Limited Allied Bank Limited NIB Bank Limited

LEGAL ADVISORS

Rizvi, Isa, Afridi & Angell, Karachi

AUDITORS REGISTRAR

Ernst & Young Ford Rhodes Sidat Hyder

Famco Associates (Pvt) Limited

15 16 17

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