Statement of Financial Position 153 As at June 30, 2018
Mari Petroleum Company Limited Annual Report 2018 Statement of Financial Position 153 As at June 30, 2018 2018 2017 2018 2017 Note (Rupees in thousand) Note (Rupees in thousand) EQUITY AND LIABILITIES ASSETS SHARE CAPITAL AND RESERVES NON CURRENT ASSETS Authorised capital Property, plant and equipment 14 13,266,282 12,688,670 250,000,000 (2017: 250,000,000) ordinary shares of Rs. 10 each 2,500,000 2,500,000 Development and production assets 15 11,886,872 7,409,878 1,059,000,100 (2017: 1,059,000,100) preference shares of Rs. 10 each 10,590,001 10,590,001 Exploration and evaluation assets 16 2,689,549 5,972,108 13,090,001 13,090,001 Long term loans and advances 17 35,411 32,233 Long term deposits and prepayments 18 62,890 26,002 Issued, subscribed and paid up capital 4 1,102,500 1,102,500 Deferred income tax asset 19 1,819,166 2,162,308 Undistributed percentage return reserve 5 613,109 496,436 29,760,170 28,291,199 Other reserves 6 12,190,001 11,190,001 Profit and loss account 7 26,286,128 12,748,733 40,191,738 25,537,670 NON CURRENT LIABILITIES CURRENT ASSETS Long term financing 8 - 4,172,727 Stores and spares 20 671,051 1,015,000 Deferred liabilities 9 7,952,336 7,483,812 Trade debts 21 95,294,994 54,426,085 7,952,336 11,656,539 Loans and advances 22 2,532,344 1,640,065 Short term investments 23 8,437,354 3,604,596 CURRENT LIABILITIES Short term prepayments 24 66,714 65,697 Trade and other payables 10 93,774,013 55,165,162 Interest accrued 103,183 47,031 Unclaimed dividend 19,371 17,274 Other receivables 30,982 39,779 Unpaid dividend 11,514 8,733 Income tax paid in advance - 1,142,319 Current maturity of long term financing 11 119,045 955,037 Cash and bank balances 25 7,268,908 3,323,196 Interest accrued on long term financing 12 10,180 254,552 114,405,530 65,303,768 Provision for income tax 2,087,503 - 96,021,626 56,400,758 CONTINGENCIES AND COMMITMENTS 13 144,165,700 93,594,967 144,165,700 93,594,967 The annexed notes 1 to 50 form an integral part of these financial statements.
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