SSGC Final Update

EPS 2.16 1.49 1.51 1.33 0.43 0.
77
FY03 FY04 FY05 FY06 FY07 FY08

Balance sheet assumptions
Issued, subscribed and paid up capital 6,712 6,712 6,712 6,712 6,712 6,712
Reserves 2,489 2,498 2,489 2,489 2,489 2,489
Gain on measurement of available for sale
securities 93 147 153 244 223 249
Unappropriated profit 0 (0) 1,013 897 315 495
9,294 9,357 10,366 10,341 9,739 9,945
Capital reserves:
Share capital restructuring reserve 147 147 147 147 147 147
Fixed assets replacement 88 88 88 88 88 88
235 235 235 235 235 235
Revenue reserves :
Dividend equalization reserve 36 36 36 36 36 36
Special reserve 333 333 333 333 333 333
General reserve 1,885 1,894 1,885 1,885 1,885 1,885
2,254 2,263 2,254 2,254 2,254 2,254
2,489 2,498 2,489 2,489 2,489 2,489
No. of shares 671
Long term investments

Investments in related parties
Inter state gas system 0 0 5 5 5 5
SNGPL trust company 0 0 0 0 0 0
Quoted companies: available for sale
SNGPL (1900178 shares) 63 123 116 190 148 190
Other investments
Quoted companies- available for sale
PRL 250,000 shares 36 30 42 53 67 55
UBL 62,746 shares 3 3 3 9 17 13
Unquoted companies: at cost
PTDC 5,000 shares at Rs 10 each 0 0 0 0 0 0
Civic centre company 6,500,001 shares 65 65 - - - -
Hanai woolen mills 200 shares 0 0 - - - -
Provision against impairment in value of
investments at cost (16) (16) (0) (0) (0) (0)
151 204 167 257 237 263
151
0.050
Fair value SNGPL- forecasted 100 100
No. of shares in SNGPL 1,900,178
Fair value UBL- forecasted 190 200
No. of shares in UBL 62,746
Fair value PRL- forecasted 220 220
No. of shares in PRL 250,000
Sale of investments - 52 - - -
Surplus on remeasurement of available

for sale securities
Opening balance 28 93 147 153 244 223
Net gain/(loss) 66 54 6 91 (20) 26
Balance at end 93 147 153 244 223 249
Consumer financing growth 0% 18% 48% 9% 9%
Current portion as % of consumer financing 0% 26% 30% 25% 27% 28%
LONG TERM DEPOSITS

Security deposits from:
Gas customers 1,413 1,591 1,785 2,064 2,323 2,015
Gas contractors 15 19 21 25 40 24
1,428 1,610 1,807 2,089 2,364 2,039
% of customers 0% 0% 0% 0% 0% 0%
% of customers 0% 0% 0% 0% 0% 0%
EMPLOYEES BENEFITS
Provision for post retirement medical and
gas supply facilities- executives 531 650 719 796 889 983
Provision for compensated absences-
executives 108 122 129 109 111 107
639 772 848 904 999 1,090
growth 22% 11% 11% 11% 11%

13% 6% -16% 1% -3%
DEFERRED CREDIT
Government contributions/grants
Balance at 1 July - 223 184 572 963
Additions/(reversal) during the year 234 (35) 419 443 399
- 234 188 602 1,015 1,362
Transferred to profit and loss account 12 4 31 52 51
Balance at 30 June - 223 184 572 963 1,311
Contribution from customers

Balance at July 1 1,425 1,438 1,489 1,608 1,674 2,014
Additions during the year 140 184 266 220 520 546
1,565 1,622 1,755 1,828 2,194 2,560
Transferred to profit and loss account 127 134 147 154 180 213
Balance at 30 June 1,438 1,489 1,608 1,674 2,014 2,347
1,438 1,711 1,791 2,246 2,977 3,658
% growth -10% -10%

% 5% 2% 5% 4% 4%
% growth 32% 44% -17% 5% 5%
% 8% 8% 8% 8% 8% 8%
TRADE AND OTHER PAYABLES
Creditors for:
Gas 4,724 5,882 7,767 12,589 18,108 15,936
Supplies 130 128 264 50 170 327
4,854 6,010 8,031 12,639 18,278 16,264
Amount received from Government of
Pakistan for laying of mains 430 931 1,506 2,217 2,599 2,175
Gas development surcharge payable to the
Government of Pakistan - 434 378 - 2,775 491
Accrued liabilities 605 253 545 975 675 903
Provision for compensated absences - non-
executives 138 55 55 57 75 78
Payable to pension fund - executives - 1
Payable to gratuity fund- non-executive 119 153 - 31 31 10
Payable to provident fund 1
Workers' profit participation fund 145 124 84 21 0 17
Deposits/retention money 108 83 82 110 162 135
Bills payable 69 80 64 16 20 86
Advance for sharing right of way 226 23 18 18 18 60
Unclaimed dividend 18 18 19 27 33 30
Withholding tax payable 8 11 4 2 7 9
Unclaimed term finance certificate
redemption profit 3 4 13 4 6 10
Inter state Gas Systems 1 4 - 15 9 7
Others 57 180 127 80 103 188
6,778 8,363 10,926 16,210 24,794 20,463
TRADE AND OTHER PAYABLES

Creditors for:
Gas as % of purchases 17% 15% 17% 21% 27% 24%
Supplies as % of purchases 0% 0% 1% 0% 1% 0%
Amount received from Government of

Pakistan for laying of mains % of sales 1% 2% 2% 3% 3% 2%
Gas development surcharge payable to the
Government of Pakistan 0% 17% 23% 0% 10% 12%
Accrued liabilities % of purchases 2% 1% 1% 2% 2% 1%
Provision for compensated absences - non-
executives
Payable to gratuity fund- non-executive
Workers' profit participation fund
Deposits/retention money 0% 0% 0% 0% 0% 0%
Bills payable 0% 0% 0% 0% 0% 0%
Advance for sharing right of way 1% 0% 0% 0% 0% 0%
Unclaimed dividend 0% 0% 0% 0% 0% 0%
Withholding tax payable 0% 0% 0% 0% 0% 0%
Unclaimed term finance certificate
redemption profit 0% 0% 0% 0% 0% 0%
Inter state Gas Systems 0% 0% 0% 0% 0% 0%
Others 0% 0% 0% 0% 0% 0%
Provision for compensated absences -
non-executives
Balance at July 1 47 55 55 57 75
Provision made during the year 9 0 2 18 3
Balance at June 30 55 55 57 75 78
% 18% 1% 3% 7% 4%
Workers' profit participation fund
Balance at 1 July 113 108 83 84 21 0

Allocation for the year 108 83 84 91 70 65
Mark-up on funds utilized in the company's
business 2 2 1 1 1 1
223 192 167 175 92 66
Amount deposited with the
government/paid to employees (115) (109) (84) (155) (92) (49)
Balance at 30 June 108 83 84 21 0 17
% growth -23% 1% 8% -22% -7%

% growth -13% -48% 31% -38% -18%
% -52% -57% -50% -88% -100% -74%
INTEREST AND MARK-UP ACCRUED

Mark-up/interest and other charges on:
Long term financing:
Foreign currency loans 22 15 5 - - -
Local currency loans 25 39 40 48 35 150
Redeemable capital 0 18 11 3 - 25
Long term deposits from customers 35 40 49 59 63 54
Short term borrowing - - 24 51 17 20
Other 55 55 - 513 1,018 1,170
Late payment of gas development
surcharge 0 0 55 0 2
138 168 185 675 1,134 1,419
% 3% 1% 1% 0% 1% 1%
% 0% 1% 1% 1% 1% 1%
% 2% 3% 3% 3% 3% 3%
20% 15%
SHORT TERM BORROWING- secured
- from banking companies
Short term money market loan 220 220 1,000 1,100
Short term running finance - 945 - -
- - 220 1,165 1,000 1,100
% growth 40% 10%

% growth 100% 10%
CURRENT PORTION OF LONG TERM

FINANCING
Foreign currency loans 827 912 446 - - -
Local currency loans 250 1,083 2,257 3,679
Redeemable capital 502 761 749 416 - -
Consumer financing - 16 20 29 45
Liabilities against assets subject to
financial lease 44 44 - - - -
1,373 1,717 1,461 1,519 2,286 3,724
Intangible assets
Cost at 1 July - - - 91 130 175

Addition - - 91 39 45 50
Cost at 30 June - - 91 130 175 225
Amortization 1 July - - - 30 74 113
Charge for the year - - 30 43 39 75
Accumulated amortization at 30 June - - 30 74 113 188
Book value at 30 June - - 61 56 62 37
Amortization rate 33% 33% 33% 33%
Addition 10% 10%
Long term loans and advances - secured,

considered good
Due from executives 85 69 10 10 8 5
Less: receivable within one year (13) (12) (3) (3) (3) (1)
72 57 8 7 5 4
Due from other employees 89 96 146 141 137 168

Less: receivable within one year (16) (16) (26) (26) (28) (30)
74 80 120 115 109 138
146 136 128 122 114 141
Growth -19% -85% -5% -36% -42%

% (0) (0) (0) -23% -25%
Growth 7% 53% -3% 19% 23%
% (0) (0) (0) -18% -18%
Long term deposits

Deposits against financial leases 4 1 - - - -
Others 4 4 4 3 3 3
8 5 4 3 3 3
Current maturity (3) (1) - - - -
5 4 4 3 3 3
Growth 10% 9% -30% -4% -8%
Stores, spares and loose tools

Stores 148 247 185 387 372 391
Spares 408 435 550 652 665 698
Stores and spares in transit 179 127 209 35 33 29
Loose tools 2 1 1 1 1 1
736 811 945 1,076 1,071 1,119
Provision against impaired stores and
spares (16) (16) (16) (64) (49) (35)
720 794 929 1,012 1,022 1,084
Transmission 533 629 700 815 806 846

distribution 186 165 229 197 217 237
720 794 929 1,012 1,022 1,084
% growth 67% -25% 109% 21% 5%

7% 26% 19% 17% 5%
-29% 65% -83% -16% -11%
-4% -1% -2% -2% -2%
% of total -2% -2% -2% -6% -3% -3%
% 74% 79% 75% 80% 77% 78%
% 26% 21% 25% 20% 23% 22%
Stock-in-trade
Gas
Gas in pipelines 97 96 113 125 149 157
SNG stock - - - 0 0 0
97 96 113 126 149 157
Gas meters
Components 50 85 95 139 199 222
\work-in-process 11 13 10 16 6 6
Finished meters 5 5 9 4 18 21
66 103 114 159 223 249
Provision during the year - - - (4) (3) (6)
66 103 114 156 219 243
163 198 227 281 369 400
% growth -1% 18% 11% 5% 5%
% growth 72% 12% 46% 12% 12%

14% -23% 61% -4% -4%
-7% 96% -52% 12% 19%
% 0% 0% 0% -2% -2% -2%
% 0% 0 0
Customers' installation work-in-progress 56 56 85 145 144 104

% of customers 0% 0% 0% 0% 0% 0%
Trade debts
Considered good
secured 2,105 2,407 2,935 3,646 3,861 4,037
unsecured 4,986 4,299 5,820 7,252 12,258 8,622
7,091 6,706 8,755 10,898 16,119 12,659
Considered doubtful 1,000 1,239 1,133 1,306 1,545 1,788
8,091 7,945 9,888 12,205 17,664 14,447
Provision against impaired debts (1,000) (1,239) (1,133) (1,306) (1,545) (1,788)
7,091 6,706 8,755 10,898 16,119 12,659
Movement of provision for doubtful

debts
Balance at July 1 1,239 1,133 1,306 1,545
Provision for the year 214 173 238 243
1,453 1,306 1,545 1,788
Bad debts written off (320) - - -
Balance at 30 June 1,133 1,306 1,545 1,788
% growth
secured 5% 4% 5% 5% 5% 5%
unsecured 12% 8% 9% 9% 13% 10%
Provision 17% 15% 16% 16%
Loans and advances

Current portion of long term loans:
Executives 13 12 3 3 3 1
Other employees 16 16 26 26 28 30
29 28 28 29 31 31
Advances to:
Employees 21 37 5 3 4 13
Other employees 38 44 63 61 60 57
59 81 69 64 64 69
88 108 97 93 95 101
0.404 0.424
(11.567) (3.653)
(11.971) (4.077)
Trade deposits and short term

prepayments
Advances for goods and services -
unsecured, considered good 17 111 51 86 37 89
Trade deposits - unsecured, considered
good 13 22 21 19 24 23
Prepayments 59 6 46 37 45 36
90 139 118 143 106 147
% of consumers 0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
0% 0% 0% 0% 0% 0%
Interest accrued - - 7 8 6 7
Other receivables
Receivable from government of Pakistan

under exchange risk coverage scheme 567 630 1,225 1,171 343 842
GDS receivable from GoP 186 - - 710 -
Receivable from staff pension fund 160 131 20 31 84 28
Receivable from staff gratuity fund -
executive - - 44 10
Balance recoverable of sale of gas
condensate 37 43 84 106 95 101
Receivable from SNGPL 20 1,029 1,140 351 1,784
Receivable from inter state gas systems - - 2 -
Receivable from JJVL - - 341 403 191
Insurance claim receivable - 12 5 3 5
Sales tax receivable - - 342 1,623 4,124
Claims receivable 1 1 1 1 1
Profit accrued on fixed deposits 18 13 - -
Receivable from the PC 9 9 - -
1 1 - -
Miscellaneous receivable 245 417 491 392 405
1,242 2,285 3,695 4,791 7,041 5,074
Provision against impaired receivables (1) (1) (1) (1) (1) (1)
1,240 2,284 3,694 4,789 7,040 5,073
3% 4% 6% 6% 7% 6%
Taxation - net
Advance tax paid 2,362 1,494 697 1,055 (205)
Provision for tax (1,728) (826) (197) (499) 370
634 669 500 556 165 -
Sales tax 13% 13% 13% 12% 13% 13%

GDS 4% 5% 3% 3% 10% 10%
Taxation
For the year
Current 833 826 197 417 370 308
Deferred (68) (104) 379 329 675 293
Prior (165) (146) - 82 - (30)
601 576 576 829 1,045 771
29% 37% 36% 48% 78% 54%
139% 143% 34% 50% 35% 40%

-11% -18% 66% 40% 65% 38%
-27% -25% 0% 10% 0% -4%
T&D as % of FA 19% 20% 22% 21% 18% 20.14%
Administrative costs as % of FA 11% 11% 6% 5% 3% 4.97%
Other charges as a % of FA 1% 1% 1% 1% 0% 1%
Other charges as % of FA 148 211
WPPF 70 65
Other income as % of FA 8% 10% 10% 13% 13% 12.99%
Staff retirement benifits
Fair value of plan assets

Pension
FV 629 1,012 820 916
PV (612) (459) (585) (535)
Net surplus / (deficit) 17 553 235 382
Unrecognized past service (gain) / cost 170 127 163 148
Unrecognized actuarial loss (167) (649) (372) (502)
20 31 25 28
Movement in amount rceivable from /

(pyable to) defined benefit plans
Opening asset / (liability) 131 20 31 25
Charge for the year (109) (60) (95) (80)
Payments (2) 72 28 48
Ending assets / (liability) 20 31 25 28
Fair value -97% -45% -71% -58%

Unrecognized past service 27% 13% 20% 16%
Unrecognized actuarial loss -27% -64% -45% -55%
Opening asset / (liability)

Charge for the year -558% -196% -377% -286%
Payments -8% 232% 112% 172%
Gratuity
FV 2,072 2,446 2,259 2,352
PV (2,025) (2,204) (2,122) (2,165)
Net surplus / (deficit) 46 242 137 188
Unrecognized past service (gain) / cost (358) (269) (320) (296)
Unrecognized actuarial loss 356 (4) 192 98
44 (31) 10 (10)
Movement in amount rceivable from /

(pyable to) defined benefit plans
Opening asset / (liability) (153) 44 (31) 10
Charge for the year (15) (59) 8 (13)
Payments 212 (16) 26 (15)
Ending assets / (liability) 44 (31) 10 (10)
Fair value -98% -90% -94% -92%

Unrecognized past service -17% -11% -14% -13%
Unrecognized actuarial loss 17% 0% 9% 4%
Opening asset / (liability) -347% -143% -245% -194%

Charge for the year -33% 191% 79% 135%
Payments 480% 52% 266% 159%
Deferred taxation 2,496 2,872 3,205 3,879 4,172
0.71 0.85 1.04 -
FY09 FY10 FY11 FY12
6,712 6,712 6,712 6,712

2,489 2,489 2,489 2,489
251 253 255 260

303 369 565 (106)
9,755 9,822 10,021 9,354
147 147 147 147

88 88 88 88
235 235 235 235
36 36 36 36
333 333 333 333
1,885 1,885 1,885 1,885
2,254 2,254 2,254 2,254
2,489 2,489 2,489 2,489
5 5 5 5
0 0 0 0
190 190 190 190
56 58 59 63
13 14 15 16
0 0 0 0
- - - -
- - - -
(0) (0) (0) (0)

265 266 269 273
100 100 100 100
210 220 240 250
225 230 235 250
- - - -
249 251 253 255
2 2 3 4
251 253 255 260
9% 9% 9% 9%
27% 27% 27% 27%
2,136 2,229 2,270 2,382

26 27 27 29
2,161 2,256 2,297 2,410
0% 0% 0% 0%
0% 0% 0% 0%
1,088 1,203 1,331 1,473
101 98 94 91
1,188 1,301 1,426 1,563
11% 11% 11% 11%

-6% -3% -4% -4%
1,311 1,599 1,845 2,050

359 323 291 262
1,670 1,922 2,136 2,312
72 77 86 95
1,599 1,845 2,050 2,217
2,347 2,676 2,978 3,255

573 573 573 573
2,920 3,249 3,551 3,829
244 271 296 319
2,676 2,978 3,255 3,509
4,275 4,823 5,305 5,726
-10% -10% -10% -10%

4% 4% 4% 4%
5% 0% 0% 0%
8% 8% 8% 8%
19,710 21,511 24,488
413 458 622
20,123 21,969 25,111 -
2,807 3,344 3,735
573 766 1,139

1,189 1,418 1,591
82 86 90 94
5 2
16 10 8 9
155 179 207
86 91 122
76 98 130
35 40 45
8 10 13
13 11 14 2,563 5,284
9 12 11 2,708 5,244
185 201 249 (145.016) 40.340
25,356 28,241 32,467 103
26% 25% 25%

1% 1% 1%
3% 3% 3%
11% 8% 10%
2% 2% 2%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
78 82 86 90
4 4 4 4
82 86 90 94
5% 5% 4% 5%
17 16 10 8
56 50 43 38
0 0 0 0
74 66 54 47
(57) (56) (45) (38)

16 10 8 9
-15% -11% -13% -12%

-8% -22% -16% -15%
-78% -85% -84% -80%
- - - -
140 164 195 0
24 23 23 24
58 61 61 65
22 26 30 34
1,346 1,548 1,780 2,047
1,591 1,822 2,089 2,170
1% 1% 1% 1%
1% 1% 1% 1%
3% 3% 3% 3%
15% 15% 15% 15%
1,210 1,331 1,464 1,611
- - - -
1,210 1,331 1,464 1,611
10% 10% 10% 10%

10% 10% 10% 10%
- - - -
7,518 8,163 8,702 0
- - - -
48 53 58 62
- - - -
7,566 8,216 8,759 62
225
94
319
188
106
294
24
33% 33% 33%
88% 10% 10%
3 2 1
(1) (1) (0)
3 2 1
189 223 263

(34) (40) (47)
155 183 216
158 185 217
-28% -36% -35%

-26% -25% -25%
13% 18% 18%
-18% -18% -18%
- - -
2 2 2
2 2 2 -
- - -
2 2 2 -
-14% -8% -10%
410 464 464

733 733 733
18 14 11
1 1 1
1,163 1,212 1,209
(40) (47) (41)

1,123 1,165 1,168
874 914 910

249 251 258
1,123 1,165 1,168
5% 13% 0%
5% 0% 0%
-37% -21% -23%
-2% -2% -2%
-3% -4% -3%
78% 78% 78%
22% 22% 22%
164 173 181

0 0 0
165 173 182
248 277 309

6 6 5
19 21 22
273 304 337
(7) (7) (8)
267 296 329
432 470 511
5% 5% 5%
12% 12% 12%

-4% -4% -4%
-7% 8% 7%
-2% -2% -2%
0 0 0
118 127 121

0% 0% 0%
4,886 5,669 6,383

10,837 12,906 14,991
15,723 18,575 21,374
2,074 2,404 2,787
17,797 20,979 24,161
(2,074) (2,404) (2,787)
15,723 18,575 21,374
1,788 2,074 2,404

286 329 383
2,074 2,404 2,787
- - -
2,074 2,404 2,787
5% 5% 5%
10% 11% 11%
16% 16% 16%
1 1 0
34 40 47
35 40 48
6 7 8
60 60 59
67 66 67
102 107 114
82 91 92
23 24 25
44 44 45
150 158 162
0% 0% 0%
0% 0% 0%
0% 0% 0%
7 7 7
895 813 723
27 27 27
98 99 99
6,496 7,637 8,651 -
(1) (1) (1)
6,494 7,635 8,649 -
6% 6% 6%
- - - -
13% 12% 13%

10% 10% 10%
304 400 416

377 496 524
11 19 (1)
725 1,022 1,031 - 130
60% 64% 60% 35% 33%
42% 39% 40%

52% 49% 51%
2% 2% 0%
20.36% 20.40% 20.06%
4.48% 4.29% 4.58%
1% 1% 1%
238 251 291
56 50 43
12.99% 12.99% 12.99%
868 892 880 886

(563) (550) (557) -
305 343 324 886
156 153 155 -
(435) (468) (451)
27 27 27 886
28 27 27 -
(89) (85) (87)
38 43 40
27 27 27 -
-65% -62% -63%

18% 17% 18%
-50% -52% -51%
-331% -309% -320%

142% 157% 149%
2,306 2,329 2,317 2,323

(2,144) (2,154) (2,149) -
162 175 168 2,323
(308) (302) (305) -
146 122 134
0 (5) (2) 2,323
(10) 0 (5) -
0 (6) (2)
1 (9) (4)
0 (5) (2) -
-93% -92% -93%

-13% -13% -13%
6% 5% 6%
-220% -207% -213%

107% 121% 114%
213% 186% 199%
4,549 5,046 5,569 5,569
EPS
Rs mn 1Q-CY05 2Q-CY05 3Q-CY05

EQUITY AND LIABILITIES
Issued, subscribed and paid-up capital
Reserves
Gain on remeasurement of available for

sale securities
Unappropriated profit
Non-current liabilities
Long term financing
Long term deposits

Deferred tax **
Employee benefits
Deferred credit
Current liabilities
Trade and other payables
Interest and mark-up accrued
Short term borrowings
Current portion of long term financing

Taxation - net
Dividend payable
ASSETS
Non - current assets
Property, plant and equipment
Intangible assets
Long term investments
Long term loans and advances
Long term deposits

Current assets
Stores, spares and loose tools
Stock-in-trade
Customers' installation work-in-progress
Trade debts
Loans and advances
Trade deposits and short term

prepayments
Interest accrued
Other receivables
Taxation - net **
Cash and bank balances
Check
Net debt
Net debt change
ROA
ROE
BV/share
4Q-CY05 FY05 1Q-CY06 2Q-CY06 3Q-CY06 4Q-CY06
6,712 6,712 6,712 6,712 6,712
2,489 2,489 2,489 2,489 2,489
153 183 200 300 244
1,013 1,355 367 450 897
10,366 10,738 9,767 9,950 10,341
7,203 7,206 6,535 6,727 8,725
1,807 1,880 1,951 2,022 2,089

2,872 2,875 2,728 2,733 3,205
848 872 903 927 904
1,791 1,794 1,822 1,823 2,246
14,521 14,627 13,939 14,232 17,169
10,926 15,291 16,430 19,412 16,210
185 234 141 236 675
220 - - - 1,165
1,461 1,459 1,183 1,004 1,519

- - - -
12,792 16,984 17,754 20,652 19,569
37,679 42,349 41,460 44,834 47,080
21,641 21,641 22,322 22,963 24,900
61 58 52 52 56
167 197 214 314 257
128 148 137 130 122
4 3 3 3 3
22,001 22,048 22,729 23,462 25,339
929 970 1,267 1,278 1,012
227 229 248 251 281
85 58 113 152 145
8,755 10,265 8,946 10,256 10,898
97 74 183 136 93
118 136 212 190 143
7 8 7 14 8
3,694 4,096 4,923 5,464 4,789

500 706 339 312 556
1,269 3,762 2,495 3,318 3,815
15,682 20,304 18,732 21,372 21,741
37,682 42,352 41,460 44,834 47,080
3 3 - - 0
8,884
2,980
3%
10%
15
FY06 1Q-CY07 2Q-CY07 3Q-CY07 4Q-FY07 FY07
6,712 6,712 6,712 6,712 6,712
2,489 2,489 2,489 2,489 2,489
244 233 203 199 223
897 1,258 510 494 315
10,341 10,691 9,914 9,893 - 9,739
8,725 8,571 7,615 11,519 12,581
2,089 2,180 2,252 2,310 2,364

3,205 3,205 3,515 3,205 3,879
904 929 962 991 999
2,246 2,292 2,353 2,368 2,977
17,169 17,176 16,697 20,393 - 22,800
16,210 20,594 23,635 24,034 24,794
675 688 830 876 1,134
1,165 1,970 2,146 2,000 1,000
1,519 1,686 1,982 1,990 2,286

- 86 - - 165
19,569 25,023 28,592 28,900 - 29,380
47,080 52,891 55,203 59,186 - 61,920
24,900 26,550 28,003 29,822 31,334
56 55 53 44 62
257 246 217 212 237
122 121 129 124 114
3 3 3 3 3
25,339 26,975 28,404 30,204 - 31,750
1,012 1,176 1,299 1,114 1,022
281 310 270 306 369
145 227 177 205 144
10,898 14,024 13,512 15,372 16,119
93 160 184 136 95
143 161 178 122 106
8 11 24 4 6
4,789 5,585 6,003 6,320 7,040

556 - 264 20 -
3,815 4,263 4,888 5,383 5,267
21,741 25,916 26,798 28,982 - 30,169
47,080 52,891 55,203 59,186 - 61,919
0 - - (0) - (1)
11,409 15,868
2,525 4,459
2% 0%
9% 3%
15 15
1Q-CY08 2Q-CY08 3Q-CY08 4Q-CY08 FY08 1Q-CY09
6,712 6,712 6,712
2,489 2,468 2,489
210 217 249
601 341 495
10,012 9,738 9,945
12,172 12,688 16,106
2,434 2,496 2,039

4,082 4,336 4,172
1,028 1,046 1,090
2,969 3,089 3,658
22,685 23,655 27,066
25,827 25,046 20,463
1,355 1,585 1,419
- 2,853 1,100
2,536 1,739 3,724

175 191
- 336
29,893 31,749 26,706
62,590 65,142 63,717
32,064 32,866 33,071
50 64 37
224 231 263
107 113 141
3 3 3
32,448 33,277 33,514
1,068 1,261 1,084
402 463 400
165 192 104
17,702 18,763 12,659
161 237 101
175 156 147
7 4 7
6,249 5,743 5,073

- 5,046 -
4,214 16,522
30,141 31,865 36,097
62,590 65,142 69,611
- - 5,894
20,930
5,062
1%
5%
15
2Q-CY09 3Q-CY09 4Q-CY09 FY09 1Q-CY10 2Q-CY10
6,712
2,489
251
303
9,755
13,119
2,161
4,549
1,188
4,275
25,293
25,356
1,591
1,210
7,566
35,722
70,770
39,054
24
265
158
2
39,503
1,123
432
118
15,723
102
150
6,494
-
9,870
34,017
73,520
2,750
21,895
964
1%
5%
15
3Q-CY10 4Q-CY10 FY10 1Q-CY11 2Q-CY11 3Q-CY11
6,712
2,489
253
369
9,822
14,130
2,256
5,046
1,301
4,823
27,556
28,241
1,822
1,331
8,216
39,609
76,987
43,828
266
185
2
44,281
1,165
470
127
18,575
107
158
7,635
-
7,061
35,305
79,586
2,599
23,676
1,782
1%
6%
15
4Q-CY11 FY11 FY11
6,712 6,712
2,489 2,489
255 260
565 (106)
10,021 9,354
15,142 3,157
2,297 2,410
5,569 5,569
1,426 1,563
5,305 5,726
29,740 18,426
32,467 103
2,089 2,170
1,464 1,611
8,759 62
44,779 3,946
84,541 31,726
47,931
269
217
2
48,418
1,168
511
121
21,374
114
162
8,649
-
6,332
38,438 -
86,857 -
2,316
25,366
1,689
1%
7%
15
Rs mn
FY05 FY06 FY07 FY08 FY09
Cash flow from operating activities
Profit before taxation 1,589 1,720 1,335 1,422 1,204
Adjustments for non cash items:
Depreciation 2,155 2,226 2,247 3,776 4,433
Amortization of intangibles 30 43 39 75 106
Finance cost 563 1,390 1,779 2,726 2,146
Insurance claim written off ** 12 - - - -
Provision against doubtful debts 214 173 238 243 286
Provision for slow moving and obsolete stores and stock ** 4 7 30

Reversal of provision for compensated absences** 7 (19) 20
Provision for post retirement medical and gas supply
facilities * 84 97 93 94 105
Provision for other retirement benefits ** 124 119 (46) 107 101
Amortization of deferred credit (151) (185) (232) (208) (249)
Dividend income (5) (6) (6) (8) (9)
Return on bank deposits * (71) (110) (95) (140) (165)
Adjustments in fixed assets * - (1) (1)
Gain on disposal of fixed assets * (52) (21) (17) (86) (201)
2,912 3,717 4,051 6,581 6,553
Net cash flow from operations 4,500 5,437 5,386 8,002 7,757
Long term deposits received - net 197 283 274 (324) 122
Long term deposits (0) 1 0 0 0
Changes in working capital
Stores, spares and loose tools (135) (131) (40) (48) (44)
Stock-in-trade (29) (58) (87) (34) (32)
Customers' installation work-in-progress (28) (61) 1 41 (14)
Trade debts (2,263) (2,316) (5,459) 3,217 (3,350)
Trade deposits and prepayments 20 (24) 36 (41) (2)
Other receivables * (1,491) (1,133) (2,185) 1,967 (1,421)
Trade and other payables * 2,708 5,244 8,637 4,331 (4,892)
(1,218) 1,520 902 9,432 (9,756)
Retirement benefits paid * (226) (76) (19)
Income tax (paid)/recovered * (28) (556) 351 (752) (529)
Finance cost paid (630) (1,002) (1,483) (2,441) (1,974)
Service charges received 963
Long term deposits 6
Net cash flow from operating activities 2,740 6,256 6,381 13,917 (4,380)
Cash flow from investing activities

Capital expenditure (6,220) (5,393) (8,566) (5,697) (10,401)
Proceeds from sale of fixed assets 60 36 20 110 259
Investments in subsidiary company (5) - - - -
Proceeds from sale of investment 52 - - - -
Profit/interest on bank deposits * 77 109 97 140 165
Dividend received * 1 11 6 8 9
Net cash flows from investing activities (6,036) (5,237) (8,443) (5,439) (9,968)
Cash flows from financing activities

Proceeds from local currency loans * 4,000 3,000 2,992 5,000 5,000
Proceeds from Islamic Sukuk bonds * 2,988
Repayment of local currency loans * - (250) (1,090) 4,949 840
Repayment of redeemable capital (749) (749) (416) - -
Consumer finance received 19 42 100 43 60
Repayment of consumer finance * (11) (17) (28) 14 15
Repayment of foreign currency loans (912) (446) - - -
Repayment of domestic ST loans**** - (6,993) 2,342
Repayment of liabilities against assets subject to financial
leases (44) - - - -
Dividend paid (999) (999) (867) (336) (671)
Net cash flows fro financing activities 1,304 581 3,679 2,677 7,585
Net increase/ (decrease) in cash and cash equivalents (1,992) 1,601 1,617 11,155 (6,763)
Cash and cash equivalents at beginning of the year 3,041 1,049 2,650 4,267 15,422
Cash and cash equivalents at end of the year 1,049 2,650 4,267 15,422 8,660
FY10 FY11
1,591 1,731
5,094 5,758
- -
2,267 2,408
- -
329 383
116 128
98 94
(289) (326)
(10) (12)
(205) (240)
(65) 92
7,334 8,285
8,925 10,016
95 41
0 0
(49) 3
(39) (42)
(9) 6
(3,182) (3,182)
(9) (4)
(1,141) (1,014)
(2,885) (4,226)
(7,313) (8,459)
(229) (498)
(2,036) (2,140)
(558) (1,040)
(9,924) (9,842)
85 (115)
- -
- -
205 240
10 12
(9,624) (9,705)
6,000 6,000
1,645 1,539
- -
64 70
16 18
- -
31 2,760
- -
(503) (503)
7,252 9,883
(2,930) (862)
8,660 5,730
5,730 4,868
EPS
Rs mn
1Q-CY05 2Q-CY05 3Q-CY05
Sales 15,434 14,992 15,377
Sales tax 2,008 1,949 2,003
Gas sales net of sales tax 13,426 13,043 13,375
GDS 1,051 280 (226)
Net gas sales 12,375 12,763 13,600
Cost of gas 10,796 11,363 12,313
Gross profit 1,580 1,400 1,288
Gross margins 12.76% 10.97% 9.47%
T&D costs 1,037 1,212 1,254
Administrative expenses 328 222 287
Other operating expenses 27 24 18
187 (58) (271)
Other operating income 471 498 626
Operating income before finance cost 658 440 355
Finance cost 148 143 153
Profit before taxation 510 297 202
Taxation 174 108 71
Profit for the year 336 189 131
EPS 0.50 0.28 0.20

DPS
Dividends
Unappropriated profit b/f
Profit for the year
Final dividend from the prior year
Transfer to general reserve
Unappropriated profit c/f
Payout
Retention
ROE
Growth
1.51
4Q-CY05 FY05 1Q-CY06 2Q-CY06 3Q-CY06 4Q-CY06

17,138 62,942 17,997 18,049 20,253 21,264
2,232 8,192 2,343 2,075 2,329 2,328
14,906 54,750 15,654 15,974 17,924 18,936
568 1,673 1,624 375 1,884 (1,700)
14,339 53,077 14,029 15,599 16,040 20,635
12,342 46,813 12,427 14,019 14,721 18,428
1,997 6,264 1,603 1,580 1,319 2,208
13.93% 11.80% 11.42% 10.13% 8.22% 10.70%
1,282 4,786 1,095 1,334 1,216 1,662
551 1,387 318 319 294 332
88 157 28 26 61 63
76 (66) 162 (100) (252) 150
623 2,218 591 617 652 1,292
699 2,152 752 516 400 1,442
119 563 226 242 225 698
580 1,589 526 275 175 744
223 576 184 255 92 298
357 1,013 342 19 84 447
0.53 1.51 0.51 0.03 0.12 0.67

1.50
1,007
99%
1,007
1,013
(1,007)
1,013
99%
1%
10%
1.33 0.43
FY06 1Q-CY07 2Q-CY07 3Q-CY07 4Q-CY07 FY07

77,562 22,511 21,860 19,946 21,399 85,717
9,075 2,487 2,380 2,179 2,352 9,398
68,487 20,024 19,479 17,767 19,048 76,319
2,184 2,754 2,093 460 1,927 7,234
66,304 17,270 17,386 17,308 17,121 69,084
59,594 15,565 15,969 16,404 15,219 63,157
6,709 1,705 1,417 904 1,902 5,927
10.12% 9.87% 8.15% 5.22% 11.11% 8.58%
5,308 1,321 1,296 1,390 1,658 5,665
1,263 217 308 247 297 1,069
178 54 85 (30) 40 148
(40) 113 (272) (703) (93) (955)
3,151 791 896 1,011 1,371 4,069
3,111 903 624 308 1,279 3,114
1,390 348 450 315 665 1,779
1,720 555 174 (8) 613 1,335
829 194 50 9 792 1,045
892 361 124 (16) (179) 290
1.33 0.54 0.19 (0.02) (0.27) 0.43

1.30 0.50
873 336
98%
48% 35% 29% -110% 129% 78%
1,013 897
892 290
14% 11% 3% 10% 9%
(1,007) (873)
- -
897 315
98%
2%
9%
0.77 0.71
1Q-CY08 2Q-CY08 3Q-CY08 4Q-CY08 FY08 FY09

20,386 19,931 21,830 25,173 87,320 104,525
2,302 2,256 2,468 3,982 11,008 13,068
18,083 17,676 19,362 21,191 76,312 91,457
1,090 713 1,162 1,005 3,970 5,110
16,994 16,962 18,200 20,186 72,342 86,347
15,424 15,576 16,524 18,705 66,230 77,198
1,569 1,386 1,676 1,481 6,113 9,150
9.24% 8.17% 9.21% 7.34% 8.45% 10.60%
1,350 1,440 1,495 1,658 5,943 7,951
271 350 455 505 1,581 1,751
41 78 88 71 278 176
(91) (482) (362) (753) (1,689) (729)
1,282 1,522 1,449 1,584 5,836 4,079
1,190 1,039 1,087 831 4,148 3,350
610 636 736 744 2,726 2,146
581 403 351 87 1,422 1,204
294 349 211 52 906 725
286 55 140 35 516 479
0.43 0.08 0.21 0.05 0.77 0.71

- - 1.00 0.75
671 503
1% 0% 1% 0%
51% 86% 60% 1
315 495
8% 8% 8% 0
2% 2% 2.50% 0 516 479
6% 4% 6%
(336) (671)
- -
495 303
11% 11% 11%

0.85 1.04
FY10 FY11 FY12 3Q-CY07

121,204 136,626 21,429 20,006 7%
14,998 17,136 2,349 2,082 13%
106,206 119,489 - 19,080 17,924 6%
9,149 10,884 1,809 1,884 -4%
97,057 108,606 - 17,271 16,040 8%
86,749 97,315 15,789 14,721 7%
10,308 11,291 - 1,482 1,319 12%
10.62% 10.40%
8,942 9,615 1,416 1,244 14%
1,879 2,195 267 294 -9%
180 196 37 33 13%
(693) (714) - (239) (252) -5%
4,551 4,853 1,017 652 56%
3,858 4,139 - 778 400 95%
2,267 2,408 - 386 225 72%
1,591 1,731 - 393 175 124%
1,022 1,031 - 130 92 42%
569 700 - 263 84 214%
0.85 1.04 - 0.39 0.12

0.75 1.00
503 671 -
0% 1%
303 369 565
569 700 -
(503) (503) (671)
- - -
369 565 (106)

65,800 54,560 21%
748 444 68%
1.11 1 69%
DCF
Net income 290 516 479 569 700
Plus: Depreciation and amortization 2,208 3,698 4,327 4,988 5,631
Plus: Interest expensex(1-tax rate) 2,401 3,680 2,897 3,060 3,251
Less: Investment in fixed capital 8,443 5,439 9,968 9,624 9,705
Less: Investment in working capital 902 9,432 (9,756) (7,313) (8,459)
FCFF (4,445) (6,977) 7,491 6,306 8,336
Less: Interest x (1-tax rate) 2,401 3,680 2,897 3,060 3,251

Plus: Net borrowing 4,459 5,062 964 1,782 1,689
FCFE (2,388) (5,595) 5,558 5,027 6,775

TV 43,598
PV of FCFE (2,049) (4,801) 4,092 3,176 3,673

PV of TV 20,282
FCFE 26,423
Fair value 39
CAPM
Beta 1.0
Risk free rate 11%
Risk premium 6%
Required rate of return 17%
Terminal growth rate 1%

Tax rate 35%
DDM
FY07 FY08 FY09 FY10
DPS 0.50 1.00 0.75 0.75

TV
0.50 1.00 0.75 0.75
Fair value 16
CAPM 14.0%
Risk free rate 11%
Risk premium 5%
Terminal growth 10%
Beta 0.70
FY11
1.00
25
26.39
0.77 0.71 0.85 1.04
Rs/MMBTU FY05 FY06 FY07 FY08 FY09 FY10 FY11
Badin 125 127 128 130 135 134 133

Bhit ($) 3 3 3 4 5 5 4
Bhit - 2 ($) 3 3 3 4 5 5 4
Bobi ($) 3 3 3 3 3 3 3
Daru 76 77 78 79 82 81 81
Ghotki town ($) 3 3 3 3 3 3 3
Hassan - SNGPL ($) 2 2 2 2 2 2 2
Kadanwari ($) 4 6 7 8 14 12 12
Kandhkot 52 71 88 101 164 149 140
Khipro block - Naimat basal ($) 3 3 3 3 2 3 3
Mari 26 29 36 56 58 54 51
Mazarani ($) 2 2 2 2 2 2 2
Miano ($) 3 3 3 3 5 4 4
Mirpurkhas - Kausar 2 3 3 3 3 3 3
Rustam town ($) 3 3 3 3 3 3 3
Sari/ Hundi 139 201 256 296 509 460 428
Sawan ($) 3 3 3 3 5 5 4
Sinjhoro ($) 3 3 3 3 3 3 3
Sui 52 71 88 101 164 149 140
Zamzama ($) 2 3 3 3 4 4 4
Growth
Badin 2% 1% 1% 4% -1% -1%
Bhit ($) 15% 8% 6% 34% -6% -4%
Bhit - 2 ($) 15% 8% 6% 34% -6% -4%
Bobi
Daru 2% 1% 2% 4% -1% -1%
Ghotki town
Hassan - SNGPL ($) 0% 1% 2% -1% 0%
Kadanwari ($) 27% 30% 11% 66% -9% -6%
Kandhkot 37% 23% 15% 63% -9% -7%
Khipro block - Naimat basal ($) -1% 0% 0% -1% 0% 0%
Mari 26% 54% 5% -7% -5%
Mazarani ($) 0% 0% 0% 0% 0% 0%
Miano ($) 13% 10% 4% 37% -6% -4%
Mirpurkhas - Kausar 0% 0% 24% -4% -3%
Rustam town
Sari/ Hundi 45% 28% 15% 72% -10% -7%
Sawan ($) 15% 12% 4% 43% -6% -4%
Sinjhoro
Sui 37% 23% 15% 63% -9% -7%
Zamzama ($) 14% 10% 9% 31% -6% -4%
17% 11% 9% 30% -5% -4%
US $/ PKR 60 60 59 58 58
Badin 125 127 128 128 128 127 127

Bhit ($) 3 3 206 206 202 199 199
Bhit - 2 ($) 3 3 206 206 202 199 199
Bobi 150 150 148 145 145
Daru 76 77 78 78 78 78 77
Ghotki town 150 150 148 145 145
Hassan - SNGPL ($) 2 2 140 140 138 136 136
Kadanwari ($) 4 6 441 441 433 426 426
Kandhkot 52 71 88 101 94 88 84
Khipro block - Naimat basal ($) 3 3 152 152 149 147 147
Mari 26 29 36 47 44 42 41
Mazarani ($) 2 2 105 105 103 102 102
Miano ($) 3 3 195 195 192 189 189
Mirpurkhas - Kausar 2 3 152 152 149 147 147
Rustam town 150 150 148 145 145
Sari/ Hundi 139 201 256 304 279 259 247
Sawan ($) 3 3 195 195 192 189 189
Sinjhoro 150 150 148 145 145
Sui 52 71 88 101 94 88 84
Zamzama ($) 2 3 3 3 3 3 3
Growth
Badin 0% 0% 0% 0%
Bhit ($) 0% -2% -2% 0%
Bhit - 2 ($) 0% -2% -2% 0%
Bobi 0% -2% -2% 0%
Daru 0% 0% 0% 0%
Ghotki town 0% -2% -2% 0%
Hassan - SNGPL ($) 0% -2% -2% 0%
Kadanwari ($) 0% -2% -2% 0%
Kandhkot 15% -7% -7% -4%
Khipro block - Naimat basal ($) 0% -2% -2% 0%
Mari 29% -6% -5% -2%
Mazarani ($) 0% -2% -2% 0%
Miano ($) 0% -2% -2% 0%
Mirpurkhas - Kausar 0% -2% -2% 0%
Rustam town 0% -2% -2% 0%
Sari/ Hundi 19% -8% -7% -5%
Sawan ($) 0% -2% -2% 0%
Sinjhoro 0% -2% -2% 0%
Sui 15% -7% -7% -4%
Zamzama ($) 7% -4% -3% -2%
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
133
4
4
3
80
3
2
11
136
3
50
2
4
3
3
415
4
3
136
4
0%
-2%
-2%
0%
0%
-3%
-3%
0%
-2%
0%
-2%
-1%
-3%
-2%
-3%
-2%
-1%
57
127
196
196
143
77
143
133
419
81
144
40
100
186
144
143
239
186
143
81
3
0%
-2%
-2%
-2%
0%
-2%
-2%
-2%
-3%
-2%
-3%
-2%
-2%
-2%
-2%
-3%
-2%
-2%
-3%
-1%
FY22 FY23 FY24 FY25
3 4
78 80
94 107
3 4
248 343
3 4
94 107
3 3
Depreciation schedule
Rs mn CY03 CY04 CY05 CY06 CY07 CY08
Owned
Cost at start
Gas transmission system - 18,910 19,551 22,160 24,062 27,506
Gas distribution system - 15,661 17,012 19,167 22,164 25,387
Karachi,Sindh
Other areas of Sindh
Balochistan
Meter manufacturing division - 223 229 230 257 285
Leased / Gwadar
Gas distribution system - 132 102 - 89 91
- 34,926 36,894 41,557 46,572 53,270
Additions
Gas transmission system - 651 2,645 2,010 3,642 3,000
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - - - 89 2 1,000
- 1,998 4,653 5,231 7,045 7,150
Deletions
Gas transmission system - (10) (61) (108) (27) (108)
Gas distribution system - (20) (59) (108) (148) (94)
Karachi,Sindh
Othr areas of Sindh
Balochistan
Meter manufacturing division
Leased / Gwadar
Gas distribution system
- (29) (120) (216) (175) (201)
Transfer
Gas transmission system - - 24 - 2 12
Gas distribution system - 30 207 - (1) -
Karachi,Sindh
Othr areas of Sindh
Balochistan

Leased / Gwadar
Gas distribution system - (30) (102)
- - 130 - 1 12
Cost at end
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 102 89 91 1,091
- 36,894 41,557 46,572 53,443 60,231
Depreciation beginning
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 13 11 - 2 6
- 18,319 20,230 22,322 24,347 26,422
Depreciation charge
Gas transmission system - 964 1,081 1,161 1,091 1,367
Gas distribution system - 960 1,088 1,008 1,140 2,282
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 6 - 2 4 62
- 1,938 2,175 2,226 2,247 3,776
Deletions
Gas transmission system - (9) (56) (108) (25) (89)
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar - - -
Transfer
Gas transmission system - (0) 24 (1) 4 13
Gas distribution system - 8 11 1 (4) -
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - (8) (11) - - -
- - 24 (1) (0) 13
Depreciation ending
Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 11 - 2 6 68
- 20,230 22,322 24,347 26,422 30,034
Written down value

Karachi,Sindh
Othr areas of Sindh
Balochistan
Leased / Gwadar
Gas distribution system - 91 - 87 85 1,023
- 16,665 19,235 22,225 27,020 30,197
Operating fixed assets - gas

transmission system
Owned
Cost at start
Freehold land 48 48 48 48 47
Leasehold land 93 96 126 126 127
Buildings on freehold land 279 279 279 279 279
Buildings on leasehold land 900 905 941 948 994
Gas transmission pipelines 13,336 13,563 15,672 17,203 19,999
Compressors 2,197 2,278 2,320 2,320 2,320
Telecommunication 580 583 585 504 507
Plant and machinery 353 390 421 429 477
Roads, pavements and related
infrastructure -
Tools and equipment 83 90 108 123 133
Motor vehicles 264 314 405 524 814
Furniture and equipment 251 100 103 229 246
Office equipment - 178 198 154 202
Computer & ancillary equipments 82 104 149 181 266
Supervisory control and data
acquisition system - 139 276 302 310
Construction equipment 445 485 527 690 785
- 18,910 19,551 22,160 24,062 27,506
Additions
Freehold land - - - - -
Buildings on freehold land - - - - -
Gas transmission pipelines 227 2,109 1,531 2,809 2,195
Compressors 81 18 - - 51
infrastructure 173
Motor vehicles 60 130 84 175 152
acquisition system 139 137 26 7 158
- 651 2,645 2,010 3,642 3,000
Deletions
Leasehold land - - - - -
Buildings on leasehold land - - - - -
Gas transmission pipelines - - - (14) -
Compressors - - - - -
Telecommunication - - (85) - (57)
Plant and machinery - (2) (1) - (2)
infrastructure -
Tools and equipment - (1) (0) - (0)
Motor vehicles (10) (39) (8) (14) (30)
Furniture and equipment - - (6) - (4)
Office equipment (3) (0) - (2)
Computer & ancillary equipments - (12) - - (6)
acquisition system - - - - -
Construction equipment - (4) (7) - (6)
- (10) (61) (108) (27) (108)
Adjustments
Freehold land - - - (1) -
Leasehold land 1 - - - 0
Buildings on leasehold land (1) - - - (0)
Gas transmission pipelines - - - - -
Compressors - 24 - - 12
Telecommunication - - - 0 -
Plant and machinery - (0) - 0 (0)
infrastructure -
Tools and equipment - - - - -
Motor vehicles - - 43 128 29
Furniture and equipment - - 94 (7) 62
Office equipment - (94) 2 (62)
Computer & ancillary equipments - - - 2 -
Construction equipment - - (43) (123) (29)
- - 24 - 2 12
Cost at end
Freehold land - 48 48 48 47 47
Leasehold land 96 126 126 127 144
Buildings on leasehold land 905 941 948 994 1,020
Compressors 2,278 2,320 2,320 2,320 2,383
infrastructure 173 -
Motor vehicles 314 405 524 814 964
- 19,551 22,160 24,062 27,679 30,411
Compressors 1,895 1,930 1,988 2,072 2,125
infrastructure -
Motor vehicles 214 236 247 358 451
Office equipment - - 2 (57) (32)
acquisition system - 21 62 102 144
- 12,249 13,205 14,254 15,306 16,375
Depreciation charge
Gas transmission pipelines 665 749 562 693 444
Compressors 36 33 84 52 24
infrastructure 1
Office equipment 5 10 23 36
- 964 1,081 1,161 1,091 1,367
Depreciation deletions
Gas transmission pipelines - - - (14) -
Compressors - - - - -
Telecommunication - - (85) - (45)
Plant and machinery - (2) (1) - (2)
infrastructure -
Tools and equipment - (1) (0) - (0)
Motor vehicles (9) (34) (8) (12) (25)
Furniture and equipment - - (6) - (3)
Office equipment - (3) (0) - (2)
Computer & ancillary equipments - (12) - - (7)
Construction equipment - (4) (7) - (5)
- (9) (56) (108) (25) (89)
Depreciation adjustments
Buildings on leasehold land - - (3) 0 (2)
Gas transmission pipelines - - - - -
Compressors - 24 - (0) 14
Telecommunication - - (0) 0 (0)
Plant and machinery - (0) - 0 (0)
infrastructure -
Tools and equipment - - - - -
Motor vehicles - (0) 72 30 37
Furniture and equipment (0) - - (0) (0)
Office equipment - - (68) 1 (35)
Computer & ancillary equipments - - - 2 -
Construction equipment - - (1) (29) (1)
- (0) 24 (1) 4 13
Depreciation ending
Freehold land - - - - - -
Compressors 1,930 1,988 2,072 2,125 2,162
infrastructure
Motor vehicles 236 247 358 451 657
Office equipment - 2 (57) (32) (33)
- 13,205 14,254 15,306 16,375 17,666
Written down value

Leasehold land - 96 126 126 127 144
Buildings on freehold land - 163 158 152 144 130
Buildings on leasehold land - 759 740 475 481 457
Gas transmission pipelines - 4,380 5,740 6,710 8,826 10,577
Compressors - 348 332 248 196 221
Telecommunication - 58 21 13 15 (60)
Plant and machinery - 181 175 152 166 157
infrastructure 173 -
Tools and equipment - 6 15 20 18 (11)
Motor vehicles - 78 158 166 363 307
Furniture and equipment - 49 (142) (28) (30) 3
Office equipment - - 196 210 234 216
Computer & ancillary equipments - 31 64 51 99 54
acquisition system - 118 214 201 166 253
Construction equipment - 32 61 211 281 250
- 6,347 7,906 8,755 11,303 12,745
Depreciation rate
Freehold land 0% 0% 0% 0% 0%
Leasehold land 0% 0% 0% 0% 0%
Buildings on freehold land 5% 5% 5% 5% 5%
Buildings on leasehold land 5% 5% 5% 5% 5%
Gas transmission pipelines 5% 2% 2% 2% 2%
Compressors 15% 1% 1% 1% 1%
Telecommunication 10% 15% 15% 15% 15%
Plant and machinery 5% 10% 10% 10% 10%
Tools and equipment 33% 33% 33% 33% 33%
Motor vehicles 20% 20% 20% 20% 20%
Furniture and equipment 20% 20% 20% 20% 20%
Office equipment 20% 20% 20% 20% 20%
Computer & ancillary equipments 10% 20% 33% 33% 33%
acquisition system 20% 15% 15% 15% 15%
Construction equipment 15% 20% 20% 20% 20%
Operating fixed assets - gas

distribution system
Owned
Cost at start
Freehold land 10 10 10 10 10
Gas distribution system, related
facilities and equipment 14,683 15,960 17,961 20,806 23,859
infrastructures 1 1 1 1 1
Motor vehicles 282 307 369 443 471
Office equipment - 6 (3) 1
- 15,661 17,012 19,167 22,164 25,387
Leased
Gas distribution system 132 102 - - -
- 15,793 17,114 19,167 22,164 25,387
Additions
Leasehold land - 1 - - 1
infrastructures - - - - -
- 1,341 2,007 3,105 3,372 3,100
Leased
Gas distribution system - - - - -
- 1,341 2,007 3,105 3,372 3,100
Deletions
facilities and equipment - - (76) (128) (34)
Telecommunication - (0) - - (0)
Plant and machinery (1) (4) (6) - (5)
Tools and equipment (0) (1) (0) (0) (0)
Motor vehicles (19) (42) (24) (19) (44)
Furniture and equipment - (0) (1) - (1)
Computer & ancillary equipments (12) (0) (0) (8)
acquisition system - - - -
- (20) (59) (108) (148) (94)
Leased
- (20) (59) (108) (148) (94)
Adjustments
facilities and equipment 30 207 - - -
Telecommunication - 0 - (0) -
Plant and machinery - - - 0 -
Tools and equipment - - - 0 -
Motor vehicles - - - 3 -
Furniture and equipment - - 14 (1) -
Office equipment - - (14) (1) -
Computer & ancillary equipments - - - (2) -
- 30 207 - (1) -
Leased
Gas distribution system (30) (102) - - -
- - 105 - (1) -
Cost at end
Leasehold land - 33 34 34 34 35
facilities and equipment - 15,960 17,961 20,806 23,859 26,673
Telecommunication - 8 9 10 11 12
infrastructures - 1 1 1 1 1
Tools and equipment - 45 54 67 79 92
Motor vehicles - 307 369 443 471 553
Furniture and equipment - 64 67 94 104 114
Office equipment - - 6 (3) 1 7
- 17,012 19,167 22,164 25,387 28,394
Leased
Gas distribution system - 102 - - - -
- 17,114 19,167 22,164 25,387 28,394
infrastructures 1 1 1 1 1
Motor vehicles 224 231 244 257 281
Office equipment - - 4 (5) (3)
- 5,901 6,851 7,898 8,814 9,803
Leased
Gas distribution system 13 11 -
- 5,914 6,862 7,898 8,814 9,803
Depreciation charge
facilities and equipment 896 994 910 1,045 2,000
infrastructures - - - - 0
acquisition system - - - - 15
- 960 1,088 1,008 1,140 2,282
Leased
Gas distribution system 6 - - - -
- 966 1,088 1,008 1,140 2,282
Depreciation deletions
facilities and equipment - - (63) (127) (35)
Telecommunication - (0) - - (0)
Plant and machinery (1) (4) (6) - (6)
Tools and equipment (0) (1) - (0) (0)
Motor vehicles (18) (34) (23) (19) (38)
Furniture and equipment - (0) (1) - (1)
Computer & ancillary equipments - (12) - (0) (7)
- (19) (51) (93) (146) (87)
Leased
- (19) (51) (93) (146) (87)
Depreciation adjustments
Freehold land - - - -
Leasehold land - - - -
Buildings on freehold land - - - -
Buildings on leasehold land - - - -
facilities and equipment 8 11 1 -
Telecommunication - 0 - (0)
Plant and machinery - - 0 -
infrastructures - - - -
Tools and equipment - - 0 0
Motor vehicles - - (1) (0)
Furniture and equipment 0 - 12 (1)
Office equipment - - (11) (1)
Computer & ancillary equipments - - (2)
acquisition system - - -
- 8 11 1 (4) -
Leased
Gas distribution system (8) (11) -
- 0 0 1 (4) -
Depreciation ending
Freehold land - - - - - -
Leasehold land - - - - - -
infrastructures - 1 1 1 1 1
Motor vehicles - 231 244 257 281 354
Office equipment - - 4 (5) (3) (2)
- 6,851 7,898 8,814 9,803 11,998
Leased
- 6,862 7,898 8,814 9,803 11,998
Written down value

Leasehold land - 33 34 34 34 35
infrastructures - - - - - (0)
Tools and equipment - 5 8 14 17 (1)
Motor vehicles - 75 125 186 191 200
Computer & ancillary equipments - 29 31 14 7 (19)
acquisition system - - - - - (15)
- 10,162 11,269 13,350 15,584 16,396
Leased
- 10,252 11,269 13,350 15,584 16,396
Depreciation rate
facilities and equipment 5% 5% 8% 8% 8%
infrastructures 5% 5% 5% 5% 5%
Motor vehicles 20% 20% 20% 20% 20%
Leased
Gas distribution system 5% 5% 0% 0% 0%
Operating fixed assets - meter

manufacturing division
Owned
Cost at start
Building on leashold land 7 8 8 8 9
Computer & ancillary equipment 1 1 1 1 1
- 223 229 230 257 285
Additions
Building on leashold land 0 1 - 1 2
Telecommunication - (0) - 1 0
Furniture and equipment 4 (0) 5 1 0
Office equipment 0 (4) 0 1
Computer & ancillary equipment 0 - 0 - 0
- 6 1 27 28 50
Cost at end
Building on leashold land - 8 8 8 9 11
Office equipment 7 3 4 5
Computer & ancillary equipment - 1 1 1 1 2
- 229 230 257 285 335
Computer & ancillary equipment 0 0 1 1 1
- 156 163 170 225 237
Depreciation charge
Telecommunication 0 (0) 0 0 0
Furniture and equipment 1 (0) 3 1 1
Office equipment 0 (1) 0 1
Computer & ancillary equipment 0 0 1 (0) 0
- 8 6 55 12 65
Depreciation ending
- 163 170 225 237 302
Written down value

- 66 61 32 48 33
Depreciation rate
Building on leashold land 10% 10% 5% 8% 8%
Computer & ancillary equipment 10% 10% 33% 18% 20%
Operating assets - gwadar

Cost at start
Leasehold land - 14 14
Gas distribution system - 56 58
Plant and machinery - 15 15
Tools and equipment - 0 0
Furniture and equipment - 3 3
Office equipment - 0 0
Computer & ancillary equipment -
- - - - 89 91
Additions
Leasehold land 14 - 158
Gas distribution system 56 2 635
Plant and machinery 15 - 170
Tools and equipment 0 - 1
Furniture and equipment 3 - 36
Office equipment 0 0 0
Computer & ancillary equipment 0
- - - 89 2 1,000
Cost at end
Leasehold land 14 14 172
Plant and machinery 15 15 185
Tools and equipment 0 0 1
Furniture and equipment 3 3 39
Computer & ancillary equipment 0 -
- - - 89 91 1,091
Leasehold land - - -
Gas distribution system - 2 4
Plant and machinery - 0 2
Tools and equipment - 0 0
Furniture and equipment - 0 0
Office equipment - 0 0
Computer & ancillary equipment -
- - - - 2 6
Depreciation charge
Leasehold land - - -
Plant and machinery 0 1 2
Tools and equipment 0 0 0
Furniture and equipment 0 0 8
Computer & ancillary equipment 0
- - - 2 4 62
Depreciation ending
Leasehold land - - - - - -
Gas distribution system - - - 2 4 56
Plant and machinery - - - 0 2 3
Tools and equipment - - - 0 0 1
Furniture and equipment - - - 0 0 8
Office equipment - - - 0 0 0
- - - 2 6 68
Written down value

Leasehold land - - - 14 14 172
Gas distribution system - - - 55 55 637
Plant and machinery - - - 15 14 182
Tools and equipment - - - 0 0 1
Furniture and equipment - - - 3 3 31
Office equipment - - - 0 0 0
- - - 87 85 1,023
Depreciation rate
Leasehold land 0% 0% 0%
Gas distribution system 8% 8% 8%
Plant and machinery 1% 1% 1%
Tools and equipment 33% 33% 33%
Furniture and equipment 20% 20% 20%
Office equipment 20% 20% 20%
PROPERTY, PLANT AND EQUIPMENT
Operating assets 16,607 16,665 19,235 22,225 27,020 30,197
Capital work in progress 616 832 2,406 2,675 4,313 2,874
17,223 17,497 21,641 24,900 31,334 33,071
Capital work in progress

Projects:
Gas distribution system 100 163 433 497 1,082 528
Indus right bank pipeline compression
project 24 24 - - - 17
Cost of buildings under construction 13 3 7 108 137 52
Gas infrastructure rehabilitation and
expansion project - 89 6 123 4 106
138 280 446 729 1,224 702
Stores and spares held for capital
projects 496 555 1,945 1,878 3,010 2,122
Advances to land acquisition 4 6 3 68 61 34
Others 2 16 11 0 18 15
503 577 1,959 1,946 3,090 2,171
640 856 2,406 2,675 4,313 2,874
Provision for impairment (IRBP) (24) (24) - - - -
616 832 2,406 2,675 4,313 2,874
% of Property, plant and equipment

Gas distribution system 1% 1% 2% 2% 2% 2%
Indus right bank pipeline compression
project 0% 0% 0% 0% 0% 0%
Cost of buildings under construction 0% 0% 0% 0% 0% 0%
Gas infrastructure rehabilitation and
expansion project 0% 1% 0% 1% 0% 0%
Stores and spares held for capital

projects 3% 3% 10% 8% 6% 7%
Advances to land acquisition 0% 0% 0% 0% 0% 0%
Others 0% 0% 0% 0% 0% 0%
Provision for impairment (IRBP)
% Additions
Motor vehicles 9% 5% 4% 6% 5%
Additions 3,000 3,000
% Deletions
Telecommunication 0% 0% -4% -1% -2%
Motor vehicles -2% -1% 0% -1% -1%
% Adjustments
Office equipment 0% 0% -5% -2% -2%
Construction equipment 0% 0% -2% -1% -1%
% Depreciation deletions
Telecommunication 0% 0% -7% -2% -3%
Motor vehicles -1% -3% -1% -2% -2%
Furniture and equipment 0% 0% -1% 0% 0%
Computer & ancillary equipments 0% -1% 0% 0% -1%
Construction equipment 0% 0% -1% 0% 0%
% Depreciation adjustments
Office equipment 0% 0% -6% -2% -3%
% Additions
facilities and equipment 93% 89% 94% 92% 92%
Leased
Gas distribution system 0% 0% 0% 0% 0%
% Deletions
facilities and equipment 0% 0% -2% -1% -1%
Motor vehicles -1% -2% -1% -1% -1%
Computer & ancillary equipments 0% -1% 0% 0% 0%
% Depreciation deletions
facilities and equipment 0% 0% -1% 0% 0%
% Additions
Building on leashold land 3% 3% 4% 3% 3%
Computer & ancillary equipment 0% 0% 0% 0% 0%
Additions 50 50
% Additions
Leasehold land 16% 16% 16%
Gas distribution system 63% 63% 63%
Plant and machinery 17% 17% 17%
Tools and equipment 0% 0% 0%
Furniture and equipment 4% 4% 4%
Office equipment 0% 0% 0%
Details of the depreciation for the

year are as follows:
Profit and loss account:
Transmission, distribution and selling
costs 1,884 1,922 2,054 1,759 2,042 3,327
Administrative expenses - - 97 390 165 369
Gawadar operation - - - 2 1 1
1,884 1,922 2,152 2,151 2,208 3,698

Profit and loss account 4 4 4 53 21 44
Gas meters components produced 4 3 3 3 3 5
8 8 7 55 24 49
Capital projects - 8 17 20 16 30
1,892 1,938 2,176 2,226 2,247 3,776
%
Transmission, distribution and selling
costs 99% 94% 79% 91% 88%
Administrative expenses 0% 4% 18% 7% 10%
Gawadar operation 0% 0% 0% 0% 0%

Profit and loss account 0% 0% 2% 1% 1%
Gas meters components produced 0% 0% 0% 0% 0%
Capital projects 0% 1% 1% 1% 1%
Disposal of property, plant and

equipment
Cost 2,655 29 120 216 175 201
Accumulated depreciation 1,995 27 107 201 172 177
Written down value 659 2 13 15 3 25
Sale proceeds 666 19 60 36 20 110
Gain on sale 7 17 47 21 17 86
% of total cost at end 0% 0% 0% 0% 0%

% 75% 93% 89% 93% 92% 91%
% 101% 897% 475% 235% 639% 449%
CY09 CY10 CY11 CY12
30,411 34,260 38,130 41,994

28,394 32,272 36,157 40,037
335 435 535 685
1,091 2,591 4,091 -

60,231 69,558 78,913 82,717
4,000 4,000 4,000 -

4,000 4,000 4,000 -
100 100 150 -
1,500 1,500 1,500 -

9,600 9,600 9,650 -
(161) (142) (149) -

(122) (116) (119) -
(282) (258) (268) -
10 13 13 -
- - - -
10 13 13 -
34,260 38,130 41,994 41,994

32,272 36,157 40,037 40,037
435 535 685 685
2,591 4,091 5,591 -

69,558 78,913 88,307 82,717
17,666 19,166 20,911 22,869

11,998 14,481 17,268 20,339
302 388 492 626
68 215 448 766

30,034 34,251 39,119 44,600
1,604 1,846 2,080 2,080

2,596 2,911 3,226 6,359
86 104 134 -
147 233 318 -

4,433 5,094 5,757 8,438
(112) (115) (137) -

(113) (124) (155) -
(224) (239) (291) -
8 13 15 -
- - - -
- - - -
8 13 15 -
19,166 20,911 22,869 24,948

14,481 17,268 20,339 26,698
388 492 626 626
215 448 766 766

34,251 39,119 44,600 53,038
15,094 17,220 19,125 17,046

17,791 18,889 19,698 13,339
47 43 60 60
2,375 3,642 4,824 (766)

35,307 39,794 43,707 29,678
47 47 47 47
144 160 180 199
279 279 279 279
1,020 1,047 1,078 1,109
22,194 25,034 27,804 30,649
2,383 2,474 2,594 2,693
456 364 295 218
517 573 643 702
155 185 216 247

964 1,186 1,403 1,616
345 519 667 818
182 138 108 75
321 396 475 551
468 679 943 1,172

935 1,179 1,398 1,619
30,411 34,260 38,130 41,994
- - -
15 19 19
- - -
28 33 32
2,839 2,770 2,845
81 108 85
8 8 8
59 72 62
31 31 31
205 217 208
70 69 64
68 58 62
80 85 82
211 264 229

305 266 272
4,000 4,000 4,000 -
- - -
- - -
- - -
- - -
- - -
- - -
(101) (78) (85)
(2) (2) (3)
(1) (1) (1)

(34) (40) (38)
(7) (6) (6)
(2) (2) (2)
(5) (6) (6)
- - -
(9) (8) (8)
(161) (142) (149) -
- - -
1 1 1
- - -
(1) (1) (1)
- - -
10 13 13
- - -
(0) (0) (0)
- - -
51 39 43
111 85 93
(111) (85) (93)
- - -
- - -
(51) (39) (43)
10 13 13 -
47 47 47 47
160 180 199 199
279 279 279 279
1,047 1,078 1,109 1,109
25,034 27,804 30,649 30,649
2,474 2,594 2,693 2,693
364 295 218 218
573 643 702 702
- - - -
185 216 247 247
1,186 1,403 1,616 1,616
519 667 818 818
138 108 75 75
396 475 551 551
679 943 1,172 1,172
1,179 1,398 1,619 1,619
34,260 38,130 41,994 41,994
- - - -
- - - -
149 163 177 191
563 613 665 718
11,617 12,118 12,674 13,287
2,162 2,196 2,237 2,280
516 500 482 439
360 415 477 544
166 227 299 381

657 931 1,235 1,589
342 441 570 728
(33) (63) (93) (141)
267 394 545 721
214 316 458 634

685 913 1,185 1,499
17,666 19,166 20,911 22,869
- - - -
- - - -
14 14 14 14
52 54 55 55
501 556 613 613
25 26 27 27
55 44 33 33
57 64 70 70
62 72 82 82
237 281 323 323
104 133 164 164
28 22 15 15
132 158 184 184
102 141 176 176

236 280 324 324
1,604 1,846 2,080 2,080
- - - -
- - -
- - -
- - -
- - -
- - -
(70) (62) (76)
(2) (2) (3)
(0) (1) (1)

(21) (29) (33)
(5) (4) (6)
(2) (2) (3)
(5) (7) (8)
- - -
(7) (7) (8)
(112) (115) (137) -
- - - -
- - -
- - -
(2) (2) (3)
- - -
9 14 16
(0) (0) (0)
(0) (0) (0)
- - -
59 52 64
(0) (0) (0)
(56) (49) (60)
- - -
- - -
(1) (1) (1)
8 13 15 -
- - - -
- - - -
163 177 191 205
613 665 718 773
12,118 12,674 13,287 13,900
2,196 2,237 2,280 2,307
500 482 439 471
415 477 544 615
227 299 381 463

931 1,235 1,589 1,912
441 570 728 892
(63) (93) (141) (126)
394 545 721 905
316 458 634 809

913 1,185 1,499 1,823
19,166 20,911 22,869 24,948
47 47 47 47
160 180 199 199
116 102 88 74
434 414 392 336
12,916 15,130 17,362 16,749
277 358 413 386
(136) (187) (220) (253)
158 166 158 88
- - - -
(42) (83) (134) (216)
255 168 27 (297)
78 97 90 (73)
201 201 216 201
2 (70) (170) (354)
363 486 538 363

266 213 120 (204)
15,094 17,220 19,125 17,046
0% 0% 0% 0%
0% 0% 0% 0%
5% 5% 5% 5%
5% 5% 5% 5%
2% 2% 2% 2%
1% 1% 1% 1%
15% 15% 15% 15%
10% 10% 10% 10%
33% 33% 33% 33%
20% 20% 20% 20%
20% 20% 20% 20%
20% 20% 20% 20%
33% 33% 33% 33%
15% 15% 15% 15%

20% 20% 20% 20%
10 10 10 10
35 36 37 38
45 45 45 45
161 186 215 242
26,673 30,322 33,967 37,609

12 14 15 17
465 516 572 628
1 1 1 1
92 108 124 140
553 653 755 857
114 128 142 155
7 13 20 27
127 140 155 168
99 99 99 99
28,394 32,272 36,157 40,037
- - - -
28,394 32,272 36,157 40,037
- - -
1 1 1
- - -
24 29 28
3,708 3,690 3,691

2 2 2
58 63 63
- - -
17 17 17
148 155 155
15 14 14
7 7 8
20 23 21
- - -
4,000 4,000 4,000 -
- - -
4,000 4,000 4,000 -
- - -
- - -
- - -
- - -
(58) (45) (49)

(0) (0) (0)
(7) (7) (7)
- - -
(0) (1) (1)
(48) (54) (53)
(1) (1) (1)
(1) (1) (1)
(6) (8) (8)
- - -
(122) (116) (119) -
- - -
(122) (116) (119) -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
10 10 10 10
36 37 38 38
45 45 45 45
186 215 242 242
30,322 33,967 37,609 37,609

14 15 17 17
516 572 628 628
1 1 1 1
108 124 140 140
653 755 857 857
128 142 155 155
13 20 27 27
140 155 168 168
99 99 99 99
32,272 36,157 40,037 40,037
- - - -
32,272 36,157 40,037 40,037
- - - -
- - - -
32 34 36 38
64 74 84 96
10,819 13,036 15,531 18,284

10 12 14 16
272 316 365 417
1 1 1 1
92 128 169 215
354 442 540 649
97 121 149 178
(2) 0 4 8
146 188 231 276
114 129 144 159

11,998 14,481 17,268 20,339
11,998 14,481 17,268 20,339
- - - -
- - - -
2 2 2 -
9 11 12 -
2,274 2,548 2,821 -
2 2 3 -
52 57 63 4
0 0 0 5
36 41 47 6,094
131 151 171 3
26 28 31 83
3 4 5 0
47 52 56 72
15 15 15 97
2,596 2,911 3,226 6,359
- - - -
2,596 2,911 3,226 6,359
- - - -
- - -
- - -
- - -
(56) (52) (68)

(0) (0) (0)
(7) (8) (10)
- - -
(0) (0) (1)
(42) (53) (63)
(1) (1) (1)
(0) (1) (1)
(5) (9) (10)
- - -
(113) (124) (155) -
- - - -
(113) (124) (155) -
- - - -
- - - -
- - - -
- - - -
34 36 38 38
74 84 96 96
13,036 15,531 18,284 18,284

12 14 16 16
316 365 417 421
1 1 1 6
128 169 215 6,309
442 540 649 652
121 149 178 262
0 4 8 8
188 231 276 348
129 144 159 256

14,481 17,268 20,339 26,698
- - - -
14,481 17,268 20,339 26,698
10 10 10 10
36 37 38 38
11 9 7 7
112 131 146 146
17,286 18,436 19,325 19,325

2 1 1 1
200 207 211 207
(0) (0) (0) (5)
(20) (45) (75) (6,169)
211 214 208 205
7 (7) (23) (107)
13 17 19 19
(47) (76) (109) (180)
(30) (45) (59) (157)

17,791 18,889 19,698 13,339
- - - -
17,791 18,889 19,698 13,339
0% 0% 0% 0%
0% 0% 0% 0%
5% 5% 5% 5%
5% 5% 5% 5%
8% 8% 8% 8%
15% 15% 15% 15%
10% 10% 10% 10%
5% 5% 5% 5%
33% 33% 33% 33%
20% 20% 20% 20%
20% 20% 20% 20%
20% 20% 20% 20%
33% 33% 33% 33%
15% 15% 15% 15%
0% 0% 0% 0%
11 15 18 23
1 1 1 1
278 370 461 599
32 33 35 37
7 7 8 9
5 8 10 14
2 2 2 3
335 435 535 685
3 3 5
0 0 0
92 92 137
1 1 2
0 0 1
3 2 4
0 0 1
100 100 150 -
15 18 23 23
1 1 1 1
370 461 599 599
33 35 37 37
7 8 9 9
8 10 14 14
2 2 3 3
435 535 685 685
8 9 10 12
0 0 0 0
264 338 430 550
20 28 36 44
5 7 8 9
3 4 5 8
1 2 2 3
302 388 492 626
1 1 2
0 0 0
74 92 120
8 7 8
1 1 1
1 1 2
0 1 1
86 104 134 -
9 10 12 12
0 0 0 0
338 430 550 550
28 36 44 44
7 8 9 9
4 5 8 8
2 2 3 3
388 492 626 626
5 7 11 11
0 0 0 0
32 31 49 49
5 (1) (7) (7)
1 0 (0) (0)
4 5 6 6
0 0 0 0
47 43 60 60
7% 8% 8% 7%
13% 12% 12% 13%
20% 20% 20% 20%
24% 21% 22% 22%
16% 15% 15% 15%
16% 15% 15% 15%
24% 21% 22% 22%
172 409 646

693 1,645 2,597
185 441 696
1 3 5
39 92 146
0 0 1
1,091 2,591 4,091 -
237 237 237

952 952 952
255 255 255
2 2 2
53 53 53
0 0 0
1,500 1,500 1,500 -
409 646 883 -

1,645 2,597 3,549 -
441 696 952 -
3 5 7 -
92 146 199 -
0 1 1 -
- - - -
2,591 4,091 5,591 -
- - - -
56 179 374 640
3 8 15 24
1 2 3 6
8 27 56 96
0 0 0 0
68 215 448 766
- - -
123 195 266
4 7 10
1 2 2
18 29 40
0 0 0
147 233 318 -
- - - -
179 374 640 640
8 15 24 24
2 3 6 6
27 56 96 96
0 0 0 0
- - - -
215 448 766 766
409 646 883 -

1,466 2,223 2,909 (640)
433 682 928 (24)
2 2 1 (6)
66 90 104 (96)
0 0 0 (0)
- - - -
2,376 3,643 4,825 (766)
0% 0% 0% 0%
8% 8% 8% 8%
1% 1% 1% 1%
33% 33% 33% 33%
20% 20% 20% 20%
20% 20% 20% 20%
35,307 39,794 43,707
3,747 4,034 4,223
39,054 43,828 47,931
685 740 772
11 16 22
75 102 87
108 148 143

879 1,007 1,024 -
2,808 2,950 3,127

47 64 55
13 13 18
2,868 3,027 3,199 -
3,747 4,034 4,223 -
- - - -
3,747 4,034 4,223 -
2% 2% 2% 2%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
8% 7% 7% 7%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
1% 1% 1%
71% 69% 71%
2% 3% 2%
0% 0% 0%
1% 2% 2%
1% 1% 1%
5% 5% 5%
2% 2% 2%
2% 1% 2%
2% 2% 2%
5% 7% 6%
8% 7% 7%
4,000 4,000 4,000
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
-3% -2% -2% -2%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -1% -1% -1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
1% 1% 1% 1%
3% 2% 2% 2%
-3% -2% -2% -2%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -1% -1% -1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
-4% -3% -4% -4%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -2% -2% -1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
1% 1% 1% 1%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
4% 3% 3% 3%
0% 0% 0% 0%
-3% -3% -3% -3%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
1% 1% 1% 1%
93% 92% 92% 92%

0% 0% 0% 0%
1% 2% 2% 2%
0% 0% 0% 0%
0% 0% 0% 0%
4% 4% 4% 4%
0% 0% 0% 0%
0% 0% 0% 0%
0% 1% 1% 1%
0% 0% 0% 0%
0% 0% 0% 0%
4,000 4,000 4,000
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
-1% -1% -1%

0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
-1% -1% -1%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
0% 0% 0%
3% 3% 3%
0% 0% 0%
92% 92% 92%
1% 1% 1%
0% 0% 0%
3% 2% 3%
0% 0% 0%
100 100 150
16% 16% 16%

63% 63% 63%
17% 17% 17%
0% 0% 0%
4% 4% 4%
0% 0% 0%
1,500 1,500 1,500
3,812 4,499 5,036

512 487 592
2 2 2
4,327 4,988 5,631
66 60 73
6 7 8
72 67 81
35 39 45
4,433 5,094 5,758
86% 88% 87%

12% 10% 10%
0% 0% 0%
1% 1% 1%
0% 0% 0%
1% 1% 1%
282 258 268

224 239 291
58 19 (23)
259 85 (115)
201 65 (92)
0% 0% 0%
92% 92% 92%
449% 443% 495%
MMCF
FY01 FY02 FY03 FY04 FY05 FY06 FY07
Transmission 306,600 358,680 372,300 385,805 414,000
Utilization 277,772 341,979 365,589 383,808 409,860
Capacity utilization factor #DIV/0! #DIV/0! 90.6% 95.3% 98.2% 99.5% 99.0%
Number of days 360 360 360 360 360

mmcfd 852 996 1,034 1,072 1,150
Transmission growth 17% 4% 4% 7%
Utilization growth 23% 7% 5% 12%
Transmission MMBTU 299,736 350,650 363,965 377,168 404,732
Utilization MMBTU 271,553 334,323 357,404 375,216 400,684
UFG loss MMBTU 28,183 16,327 6,561 1,952 4,047
UFG loss Rs 814
0.978 0.978 0.978 0.978 0.978

FY08 FY09 FY10 FY11
414,000 504,000 576,000 648,000
409,860 498,960 570,240 641,520
99.0% 99.0% 99.0% 99.0%
360 360 360 360

1,150 1,400 1,600 1,800
0% 22% 14% 13%
8% 8% 9% 8%
404,732 492,717 563,105 633,493
400,684 487,790 557,474 627,158
4,047 4,927 5,631 6,335
692 827 928 1,041
0.978 0.978 0.978 0.978

CY03 CY04 CY05 CY06
LONG TERM FINANCING
Loans from banking companies
Local currency loans 831 3,000 6,750 8,667
Other loans
Redeemable capital 1,746 1,154 416 -
Unsecured- other loans
Consumer financing 45 33 37 58
2,622 4,188 7,203 8,725
Loans from banking companies 1,000 3,000 7,000 9,750

Less: current portion 169 - 250 1,083
831 3,000 6,750 8,667
Consumer financing 45 45 53 78
Less: current portion - 12 16 20
45 33 37 58
Redeemable capital 2,249 1,915 1,166 416

Less: current portion 502 761 749 416
1,746 1,154 416 -
Local currency loans working

UBL 1,000 1,000 1,000 750
SCB 2,000 3,000 3,000
NBP - - 3,000 3,000
NBP - - - 1,500
MCB - - - 1,500
NBP syndicated loan -
Government of Sindh -
1,000 3,000 7,000 9,750
New loans estimates
Loan 1 (Repayment from FY09)

Loan 2 (Repayment from FY10)
Loan 3 (from FY11)
Loan 4 (from FY12)
Loan 5 (from FY13)
Finance cost
Interest, commitmet charges, exchange risk coverage
fee and government guarantee fee on foreign currency
loans 454 288 134 24
Financial charges on liabilities against assets subject to
financial lease 40 6 2 -
Mark-up on:
Redeemable capital 318 357 179 109
Local currency financing - - 164 579
Short term financing - - 28 98
Consumers' deposits 36 42 48 57
Workers' profit participation fund 2 2 1 1
Others 1 1 8 523
Late paymeent of GDS 22 - - -
873 696 563 1,390
%
Rdeemable capital 63% 47% 24% 26%
Short term financing 13% 8%
Consumers' deposits 80% 94% 91% 73%
WPPF 1% 1% 1% 5%
Others
UBL
Amount outstanding 750
No of installments remaining 6
No of installments per year 2
Interest rate 12%
Installments 153
Date Balance Installment
1H-FY07 750 153
2H-FY07 642 153
1H-FY08 529 153
2H-FY08 408 153
1H-FY09 280 153
2H-Y09 144 153
SCB- tranche 1
Amount outstanding 2,000
Interest rate 12%
Installments 407
1H-FY07 2,000 407
2H-FY07 1,713 407
1H-FY08 1,409 407
2H-FY08 1,087 407
1H-FY09 746 407
2H-FY09 384 407
SCB- tranche 2
Interest rate 12%
Installments 203
2H-FY07 1,000 203
1H-FY08 857 203
2H-FY08 705 203
1H-FY09 544 203
2H-FY09 373 203
1H-FY10 192 203
NBP- syndicated
Interest rate 11.52%
Installments 605
1H-FY08 3,000 605
2H-FY08 2,567 605
1H-FY09 2,110 605
2H-FY09 1,626 605
1H-FY10 1,114 605
2H-FY10 573 605
NBP- term loan

Interest rate 12%
Installments 132
1Q-FY09 1,500 132
2Q-FY09 1,412 132
3Q-FY09 1,321 132
4Q-FY09 1,227 132
1Q-FY10 1,131 132
2Q-FY10 1,032 132
3Q-FY10 930 132
4Q-FY10 825 132
1Q-FY11 717 132
2Q-FY11 606 132
3Q-FY11 491 132
4Q-FY11 374 132
1Q-FY12 253 132
2Q-FY12 128 132
MCB bank- syndicated

Interest rate 12%
Installments 132
1Q-FY09 1,500 132
2Q-FY09 1,412 132
3Q-FY09 1,321 132
4Q-FY09 1,227 132
1Q-FY10 1,131 132
2Q-FY10 1,032 132
3Q-FY10 930 132
4Q-FY10 825 132
1Q-FY11 717 132
2Q-FY11 606 132
3Q-FY11 491 132
4Q-FY11 374 132
1Q-FY12 253 132
2Q-FY12 128 132
Loan 1 (FY09)
Interest rate 12%
Installments 797
1H-FY09 5,000 797
2H-FY09 4,490 797
1H-FY10 3,951 797
2H-FY10 3,381 797
1H-FY11 2,778 797
2H-FY11 2,141 797
1H-FY12 1,467 797
2H-FY12 754 797
Loan 2 (FY10)
Interest rate 12%
Installments 797
1H-FY10 5,000 797
2H-FY10 4,490 797
1H-FY11 3,951 797
2H-FY11 3,381 797
1H-FY12 2,778 797
2H-FY12 2,141 797
1H-FY13 1,467 797
2H-FY13 754 797
Loan 3 (FY11)
Interest rate 12%
Installments 797
1H-FY11 5,000 797
2H-FY11 4,490 797
1H-FY12 3,951 797
2H-FY12 3,381 797
1H-FY13 2,778 797
2H-FY13 2,141 797
1H-FY14 1,467 797
2H-FY14 754 797
Loan 4 (FY12)
Interest rate 12%
Installments 957
1H-FY12 6,000 957
2H-FY12 5,388 957
1H-FY13 4,741 957
2H-FY13 4,057 957
1H-FY14 3,334 957
2H-FY14 2,569 957
1H-FY15 1,760 957
2H-FY15 905 957
Loan 5 (FY13)
Interest rate 12%
Installments 966
1H-FY13 6,000 957
2H-FY13 5,388 957
1H-FY14 4,741 957
2H-FY14 4,057 957
1H-FY15 3,334 957
2H-FY15 2,569 957
1H-FY16 1,760 957
2H-FY16 905 957
CY07 CY08 CY09 CY10 CY11 CY12
9,473 13,000 10,000 11,000 12,000 -
2,988 2,988 2,988 2,988 2,988 2,988
121 119 131 142 155 169
12,581 16,106 13,119 14,130 15,142 3,157
11,730 16,679 17,518 19,163 20,702 0

2,257 3,679 7,518 8,163 8,702 0
9,473 13,000 10,000 11,000 12,000 -
150 164 179 195 212 231

29 45 48 53 58 62
121 119 131 142 155 169
2,988 2,988 2,988 2,988 2,988 2,988

- - - - - -
2,988 2,988 2,988 2,988 2,988 2,988
500
2,167
3,000
1,500
1,500
2,992
71
11,730
2,992
5,000
5,000
6,000
6,000
- 111 67 51 57
- - - - -
32 - - - -
1,008 620 1,225 1,303 1,377 201
171 143 143 165 177 43
57 140 149 159 178 14
1 1 0 0 0 0
510 535 562 590 619 127
1,779 1,550 2,146 2,267 2,408 - 386
40% 34% 31% 33% 35%

11% 13% 12% 12% 12%
84% 85% 83% 81% 84%
2% 2% 3% 3% 3%
5% 5% 5% 5% 5%
Principle Interest Interest Rate Balance

108 45 6% 642
114 39 6% 529
121 32 6% 408
128 24 6% 280
136 17 6% 144
144 9 6% 0

287 120 6% 1,713
304 103 6% 1,409
322 85 6% 1,087
341 65 6% 746
362 45 6% 384
384 23 6% 0

143 60 6% 857
152 51 6% 705
161 42 6% 544
171 33 6% 373
181 22 6% 192
192 12 6% 0

433 173 6% 2,567
458 148 6% 2,110
484 122 6% 1,626
512 94 6% 1,114
541 64 6% 573
573 33 6% 0

88 43 3% 1,412
91 41 3% 1,321
94 38 3% 1,227
96 35 3% 1,131
99 33 3% 1,032
102 30 3% 930
105 27 3% 825
108 24 3% 717
111 21 3% 606
114 18 3% 491
118 14 3% 374
121 11 3% 253
125 7 3% 128
128 4 3% 0
88 43 3% 1,412
91 41 3% 1,321
94 38 3% 1,227
96 35 3% 1,131
99 33 3% 1,032
102 30 3% 930
105 27 3% 825
108 24 3% 717
111 21 3% 606
114 18 3% 491
118 14 3% 374
121 11 3% 253
125 7 3% 128
128 4 3% 0

510 288 6% 4,490
539 258 6% 3,951
570 227 6% 3,381
603 194 6% 2,778
637 160 6% 2,141
674 123 6% 1,467
713 84 6% 754
754 43 6% 0

510 288 6% 4,490
539 258 6% 3,951
570 227 6% 3,381
603 194 6% 2,778
637 160 6% 2,141
674 123 6% 1,467
713 84 6% 754
754 43 6% 0
510 288 6% 4,490
539 258 6% 3,951
570 227 6% 3,381
603 194 6% 2,778
637 160 6% 2,141
674 123 6% 1,467
713 84 6% 754
754 43 6% 0

612 345 6% 5,388
647 310 6% 4,741
684 273 6% 4,057
723 233 6% 3,334
765 192 6% 2,569
809 148 6% 1,760
855 101 6% 905
905 52 6% 0

612 345 6% 5,388
647 310 6% 4,741
684 273 6% 4,057
723 233 6% 3,334
765 192 6% 2,569
809 148 6% 1,760
855 101 6% 905
905 52 6% 0
6months
KIBOR 10%
6 month T
bill 10%
3month
KIBOR 10%
MCF
FY03 FY04 FY05 FY06
Gas in pipelines 872,064 751,484 851,138 884,925
Gas purchases:
PPL 82,517,912 43,253,750 42,191,305 43,277,283
OGDC 3,810,954 5,198,002 3,065,807 3,467,539
BP 74,892,368 73,402,092 75,860,133 79,279,778
Orient Petroleum - 4,105,087 19,444,295 26,556,074
ENI 41,639,360 106,864,760 111,807,030 113,263,420
Mari gas 241,103 262,763 270,231 290,845
SNGPL 147,953 253,115 232,820 283,604
BHP 31,149,181 34,304,842 34,337,371 35,934,222
OMV 44,289,225 76,363,719 80,378,126 83,009,255
279,560,120 344,759,614 368,438,256 386,246,945

Gas consumed internally (2,092,135) (1,900,832) (1,743,669) (1,081,851)
Inward price adjustment - (103,248) - -
Shrinkage of gas
Ending gas in pipeline (751,484) (851,138) (884,925) (809,447)
(2,843,619) (2,855,218) (2,628,594) (1,891,298)
276,716,501 341,904,396 365,809,662 384,355,647
MMCF 279,560 344,760 368,438 386,247

Growth 23% 7% 5%
Purchases/sales 1.10 1.08 1.09 1.08
MCF purchases 279,560,120 344,759,614 368,438,256 386,246,945
As % of total
PPL 30% 13% 11% 11%
OGDC 1% 2% 1% 1%
BP 27% 21% 21% 21%
Orient Petroleum 0% 1% 5% 7%
ENI 15% 31% 30% 29%
Mari gas 0% 0% 0% 0%
SNGPL 0% 0% 0% 0%
BHP 11% 10% 9% 9%
OMV 16% 22% 22% 21%
Gas consumed internally -1% -1% 0% 0%
Ending in pipeline 0% 0% 0% 0%
Converter to MMBTU 1.0229

Field wise gas purchases
(MMCF)
Badin 73,000
Bhit 99,535
Bhit - 2 6,360
Bobi 3,650
Daru 1,460
Ghotki town 183
Hassan - SNGPL 73
Kadanwari 22,709
Kandhkot 183
Khipro block - Naimat basal 10,950
Mari 292
Mazarani 3,285
Miano 42,956
Mirpurkhas 16,425
Rustam town 55
Sari/ Hundi 730
Sawan 46,520
Sinjhoro 3,650
Sui 40,150
Zamzama 34,955
- - - 407,121
Field wise gas purchases

(MMBTU)
Badin
Bhit
Bhit - 2
Bobi
Daru
Ghotki town
Hassan - SNGPL
Kadanwari
Kandhkot
Khipro block - Naimat basal
Mari
Mazarani
Miano
Mirpurkhas
Rustam town
Sari/ Hundi
Sawan
Sinjhoro
Sui
Zamzama
- -
Heating value
Badin
Bhit
Bhit - 2
Bobi
Daru
Ghotki town
Hassan - SNGPL
Kadanwari
Kandhkot
Mari
Mazarani
Miano
Mirpurkhas
Rustam town
Sari/ Hundi
Sawan
Sinjhoro
Sui
Zamzama
Average
Field wise breakup

Badin 18%
Bhit 24%
Bhit - 2 2%
Bobi 1%
Daru 0%
Ghotki town 0%
Hassan - SNGPL 0%
Kadanwari 6%
Kandhkot 0%
Khipro block - Naimat basal 3%
Mari 0%
Mazarani 1%
Miano 11%
Mirpurkhas 4%
Rustam town 0%
Sari/ Hundi 0%
Sawan 11%
Sinjhoro 1%
Sui 10%
Zamzama 9%
Purchase cost (PKR)

Badin
Bhit
Bhit - 2
Bobi
Daru
Ghotki town
Hassan - SNGPL
Kadanwari
Kandhkot
Mari
Mazarani
Miano
Mirpurkhas
Rustam town
Sari/ Hundi
Sawan
Sinjhoro
Sui
Zamzama
Total
Cost of gas breakup

PPL
OGDC
BP
Orient Petroleum
ENI
Mari gas
SNGPL
BHP
OMV
Gas consumed internally
Ending gas in pipeline
Million converter
Inward price adjustment as %

of gas available for sale -11% -8%
Cost of gas
Rs mn
Gas in pipelines 96 113
Gas purchases:
PPL 2,764 3,532
OGDC 310 409
BP 11,092 13,544
Orient Petroleum 2,712 4,319
ENI 19,191 23,505
Mari gas 6 7
SNGPL 23 33
BHP 4,123 4,901
OMV 12,665 14,871
Gas available for sale 52,981 65,236

Gas consumed internally (230) (170)
Inward price adjustment (5,825) (5,346)
Ending gas in pipeline (113) (125)
(6,168) (5,641)
46,813 59,594
Purchase/ MMBTU
Ponting batting 45 9
Ponting fielding 1 2
Ponting bonus -
Collingwood batting 44 9
Collingwood fielding 1 2
Collingwood bonus -
Gilchrist batting 62 16
Gilchrist keeping 9 27
Gilchrist bonus -
Warne bowling 3 6
Warne fielding -
Warne bonus
Panesar bowling 2 4
Panesar fielding -
Panesar bonus -
Total 74
Previous total 406

Grand total 480
Pietersen batting 70 14
Pietersen fielding 1 2
Pietersen bonus -
Flintoff batting 96 24
Flintoff fielding - -
Flintoff bowling 1 3
Flintoff bonus - -
Hussey batting 37 7
Hussey fielding 2 4
Hussey bonus -
Bell Batting 99 20
Bell fielding -
Bell bonus
Symond Batting 48 12
Symonds bowling -
Symonds fielding -
Symonds bonus
Mc Grath bowling 3 6
Mc Grath fielding -
Mc Grath bonus
Clark Bowling 4 8
Clark fielding -
Clark bonus
809,447 940,661 1,041,310 1,251,879 1,416,309 1,630,304
41,473,627 50,892,136 60,545,358 68,737,984 77,322,927

3,683,474 4,643,196 5,033,483 5,899,494 6,747,280
75,063,852 90,661,646 109,289,323 124,202,668 139,228,183
30,644,129 23,557,278 34,261,922 40,752,708 45,438,501
118,450,213 134,403,717 162,783,654 185,492,546 210,243,438
320,778 341,054 416,364 481,038 546,521
398,877 346,938 429,105 514,877 597,424
41,106,263 43,436,708 52,699,383 60,829,159 69,489,333
75,946,970 94,297,237 113,664,782 128,555,378 143,679,738
387,897,630 443,520,570 540,164,684 616,717,731 694,709,654 1,630,304

(1,114,473) (1,765,227) (1,942,793) (2,042,992) (2,390,235)
- - - - -
(83,898)
(940,661) (1,041,310) (1,251,879) (1,416,309) (1,630,304)
(2,139,032) (2,806,537) (3,194,672) (3,459,302) (4,020,539) -
385,758,598 440,714,033 536,970,012 613,258,430 690,689,114 1,630,304
387,898 443,563 540,326 616,826 694,811

0% 14% 22% 14% 13%
1.09 1.08 1.08 1.08 1.08
387,897,630 443,563,255 540,326,261 616,826,106 694,810,663
11% 11% 11% 11% 11%

1% 1% 1% 1% 1%
19% 20% 20% 20% 20%
8% 5% 6% 7% 7%
31% 30% 30% 30% 30%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
11% 10% 10% 10% 10%
20% 21% 21% 21% 21%
0% 0% 0% 0% 0%
0% 0% (0) (0) (0)
69,553 79,534 96,885 110,602 124,585

94,835 108,445 132,102 150,805 169,871
6,060 6,929 8,441 9,636 10,854
3,478 3,977 4,844 5,530 6,229
1,391 1,591 1,938 2,212 2,492
174 199 243 277 312
70 80 97 111 125
21,637 24,742 30,139 34,406 38,756
174 199 243 277 312
10,433 11,930 14,533 16,590 18,688
278 318 388 442 498
3,130 3,579 4,360 4,977 5,606
40,928 46,801 57,011 65,082 73,311
15,649 17,895 21,799 24,885 28,032
52 60 73 83 94
696 795 969 1,106 1,246
44,323 50,684 61,741 70,482 79,393
3,478 3,977 4,844 5,530 6,229
38,254 43,744 53,287 60,831 68,522
33,305 38,084 46,392 52,960 59,656
387,898 443,563 540,326 616,826 694,811 -
68,788,014 78,659,505 95,819,020 109,385,157 123,214,586

90,093,415 103,022,357 125,496,611 143,264,526 161,377,282
5,756,710 6,582,832 8,018,872 9,154,191 10,311,544
4,531,384 5,181,665 6,312,042 7,205,706 8,116,714
1,624,760 1,857,923 2,263,228 2,583,657 2,910,306
172,964 197,786 240,932 275,044 309,817
45,210 51,697 62,975 71,891 80,980
21,463,636 24,543,796 29,898,008 34,130,993 38,446,132
145,590 166,483 202,801 231,514 260,784
7,678,662 8,780,596 10,696,077 12,210,436 13,754,186
205,877 235,422 286,779 327,381 368,772
3,161,188 3,614,838 4,403,412 5,026,851 5,662,389
37,407,928 42,776,189 52,107,784 59,485,247 67,005,893
15,743,344 18,002,608 21,929,864 25,034,712 28,199,820
51,879 59,324 72,265 82,497 92,927
598,157 683,996 833,209 951,175 1,071,431
40,866,199 46,730,743 56,925,021 64,984,513 73,200,424
3,547,208 4,056,254 4,941,122 5,640,691 6,353,836
37,297,849 42,650,313 51,954,448 59,310,202 66,808,718
27,009,950 30,886,039 37,623,806 42,950,617 48,380,809
366,189,925 418,740,365 510,088,275 582,307,001 655,927,350 -
0.99 0.99 0.99 0.99 0.99

0.95 0.95 0.95 0.95 0.95
0.95 0.95 0.95 0.95 0.95
1.30 1.30 1.30 1.30 1.30
1.17 1.17 1.17 1.17 1.17
0.99 0.99 0.99 0.99 0.99
0.65 0.65 0.65 0.65 0.65
0.99 0.99 0.99 0.99 0.99
0.84 0.84 0.84 0.84 0.84
0.74 0.74 0.74 0.74 0.74
0.74 0.74 0.74 0.74 0.74
1.01 1.01 1.01 1.01 1.01
0.91 0.91 0.91 0.91 0.91
1.01 1.01 1.01 1.01 1.01
0.99 0.99 0.99 0.99 0.99
0.86 0.86 0.86 0.86 0.86
0.92 0.92 0.92 0.92 0.92
1.02 1.02 1.02 1.02 1.02
0.98 0.98 0.98 0.98 0.98
0.81 0.81 0.81 0.81 0.81
0.94 0.94 0.94 0.94 0.94
0.94 0.94 0.94 0.94 0.94
18% 18% 18% 18% 18%

24% 24% 24% 24% 24%
2% 2% 2% 2% 2%
1% 1% 1% 1% 1%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
6% 6% 6% 6% 6%
0% 0% 0% 0% 0%
3% 3% 3% 3% 3%
0% 0% 0% 0% 0%
1% 1% 1% 1% 1%
11% 11% 11% 11% 11%
4% 4% 4% 4% 4%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
11% 11% 11% 11% 11%
1% 1% 1% 1% 1%
10% 10% 10% 10% 10%
9% 9% 9% 9% 9%
8,809,680,999 10,094,501,405 12,242,805,080 13,920,343,418 15,628,762,434

18,552,035,948 21,214,363,850 25,411,557,707 28,517,663,506 32,123,116,202
1,185,421,697 1,355,536,787 1,623,725,393 1,822,196,613 2,052,574,663
679,707,655 777,249,760 931,026,133 1,044,827,329 1,176,923,548
126,715,062 145,432,481 176,414,507 200,642,186 225,366,641
25,944,640 29,667,850 35,537,539 39,881,364 44,923,515
6,346,059 7,256,757 8,692,483 9,754,983 10,988,293
9,460,956,318 10,818,660,025 12,959,097,218 14,543,113,730 16,381,781,494
12,756,585 16,818,936 18,982,285 20,257,542 21,842,129
1,165,390,542 1,332,631,041 1,596,287,819 1,791,405,290 2,017,890,430
7,498,047 11,021,078 12,557,246 13,625,659 15,111,194
331,924,774 379,557,960 454,652,286 510,225,349 574,732,505
7,307,788,322 8,356,499,569 10,009,806,211 11,233,324,953 12,653,540,243
2,389,367,293 2,732,255,763 3,272,823,804 3,672,867,639 4,137,223,722
7,781,848 8,898,590 10,659,148 11,962,037 13,474,382
153,367,364 208,254,160 232,869,248 246,497,990 264,730,938
7,983,375,497 9,129,037,537 10,935,188,338 12,271,818,398 13,823,329,121
532,081,203 608,438,032 728,815,545 817,900,135 921,306,231
3,268,037,533 4,308,748,253 4,862,964,483 5,189,665,293 5,595,611,800
81,907,674 99,984,728 117,192,204 129,420,650 142,656,250
62,088,085,060 71,634,814,563 85,641,654,679 96,007,394,063 107,825,885,736
6,638,396,014 8,219,005,183 9,596,432,780 10,698,890,021 11,999,546,772

589,588,152 749,869,277 797,806,517 918,240,986 1,047,093,129
12,014,950,511 14,641,722,728 17,322,346,033 19,331,825,280 21,606,464,853
4,904,993,330 3,804,465,869 5,430,511,058 6,343,053,923 7,051,484,462
18,959,504,599 21,706,002,979 25,801,191,826 28,871,436,897 32,627,140,290
51,344,711 55,079,672 65,993,607 74,872,374 84,813,140
63,845,477 56,030,051 68,013,032 80,139,317 92,712,624
6,579,594,605 7,014,964,513 8,352,846,604 9,467,901,854 10,783,871,433
12,156,305,089 15,228,865,328 18,015,855,877 20,009,313,421 22,297,290,285
(178,385,969) (285,109,007) (308,024,578) (318,042,348) (370,988,411)
(150,565,086) (168,186,189) (198,482,044) (220,483,651) (253,039,504)
1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
-10% -9% -9% -9% -9%
125 149 168 198 220
4,101 8,219 9,596 10,699 12,000

496 750 798 918 1,047
14,174 14,642 17,322 19,332 21,606
4,871 3,804 5,431 6,343 7,051
28,186 21,706 25,801 28,871 32,627
10 55 66 75 85
53 56 68 80 93
6,370 7,015 8,353 9,468 10,784
15,249 15,229 18,016 20,009 22,297
73,636 71,625 85,619 95,994 107,811

(185) (285) (308) (318) (371)
(10,144) (6,371) (7,915) (8,706) (9,872)
(149) (168) (198) (220) (253)
(10,479) (6,824) (8,422) (9,245) (10,496)
63,157 64,801 77,198 86,749 97,315
201 171 168 165 164

Others previous 383
Others grand 418
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
FY25
-
-
-
-
-
Rs mn
FY03 FY04 FY05 FY06
Income from financial assets

Late payment surcharge 222 232 263 292
Retrurn on:
Term and profit and loss bank deposits 182 94 71 110
staff loans 4 4 4 3
Interest income - KESC 10 0 - 558
Interest income - JJVL
Dividend income 1 0
418 330 339 964
Income from investment in debts, loand,

advances and receivables from related party
Income from gas transportation SNGPL - - 389 368
Dividend income SNGPL 5 5 5 6
5 5 393 374
Income from other than financial assets

Meter rentals 90 457 455 472
Recognition of income against deferred credit - - 151 185
Sale of gas condensate - - 350 408
Income from gas transportation - - 148 188
Royalty income - 189 367
Supply corporation 42
Meter manufacturing division profit - net 70 53 48 80
Recoveries from consumers 21 19 39 48
Gain on sale of fixed assets 7 17 52 21
Liquidated damages recovered 3 11 24 27
Advertising income 0 - 5
Income from sale of tender documents 2 2 2 1
Realised gain on foreign transactions
Miscellaneous 121 40 27 12
356 600 1,486 1,813
779 935 2,218 3,151
Common size
Income from financial assets
Late payment surcharge 1% 0% 0% 0%
Retrurn on:
Term and profit and loss bank deposits 0% 0% 0% 0%
staff loans 0% 0% 0% 0%
Interest income - others 0% 0% 0% 1%
Dividend income 0% 0% 0% 0%
1% 1% 1% 1%
Income from investment in debts, loand,

advances and receivables from related party
Income from gas transportation SNGPL 0% 0% 1% 0%
Dividend income SNGPL 0% 0% 0% 0%
0% 0% 1% 0%
Income from other than financial assets

Meter rentals 0% 0.840% 0.723% 0.609%
Recognition of income against deferred credit 0% 0% 0% 0%
Sale of gas condensate 0% 0% 1% 1%
Income from gas transportation 0% 0% 0% 0%
Royalty income 0% 0% 0% 0%
Supply corporation 0% 0% 0% 0%
Meter manufacturing division profit - net 0% 0% 0% 0%
Recoveries from consumers 0% 0% 0% 0%
Gain on sale of fixed assets 0% 0% 0% 0%
Liquidated damages recovered 0% 0% 0% 0%
Advertising income 0% 0% 0% 0%
Income from sale of tender documents 0% 0% 0% 0%
Miscellaneous 0% 0% 0% 0%
322 362 431 498 573
95 140 165 205 240

3 5 6 7 9
504 471 470 599 645
16
0 0 0 0 0
940 980 1,073 1,310 1,467
386 298 446 459 485

6 7 8 10 12
392 305 454 469 496
502 598 703 841 934

232 208 249 289 326
336 295 442 472 486
150 130 195 211 215
1,264 413 495 574 647
- 6 8 12 17
121 85 102 124 140
23 46 60 68 75
17 86 201 65 (92)
38 25 33 36 39
9 2 3 4 4
0 3 3 3 4
36
8 52 58 71 95
2,737 1,950 2,553 2,772 2,889
4,069 3,235 4,079 4,551 4,853
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 1% 0% 0% 0%
0% 0% 0% 0% 0%
1% 1% 1% 1% 1%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0.724% 0.685% 0.673% 0.694% 0.684%

0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0.43 0.77
FY05 FY06 FY07 FY08
Domestic consumers
First slab 82 81
Second slab 86 85
Third slab 156 154
Fourth slab 249 247
Fifth slab 324 321
Coomercial consumers 283 280
Ice factories 283 280
Insdustrial consumers 252 249
Captive power 252 249
CNG station 265 262
Cement industry 305 302
Fertilizer factories 252 249
Power station 252 249
Fertilizier feedstock 37 37
Growth
First slab -1%
Second slab -1%
Third slab -1%
Fourth slab -1%
Fifth slab -1%
Coomercial consumers -1%
Ice factories -1%
Insdustrial consumers -1%
Captive power -1%
CNG station -1%
Cement industry -1%
Fertilizer factories fuelstock -1%
Power station -1%
Fertilizer factories feedstock 0%
Power stations 252 249

Cement plants 305 302
Pakistan steel 252 249
Fertilizer feedstock 37 37
Fertilizer fuelstock 252 249
Textiles 252 249
CNG stations 265 262
Other industries 252 249
Industrial
Commercial 283 280
Domestic 179 177
FY09 FY10 FY11
79 79 79
83 83 83
151 151 151
242 242 242
314 314 314
275 275 275
275 275 275
244 244 244
244 244 244
257 257 257
296 296 296
244 244 244
244 244 244
37 100 110
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
-2% 0% 0%
0% 10% 10%
244 244 244

296 296 296
244 244 244
37 100 110
244 244 244
244 244 244
257 257 257
244 244 244
275 275 275

174 174 174
Rs mn
FY03 FY04 FY05 FY06
Salearies, wages and benefits 2,252 2,388 1,707 2,203

Contribution accruals in respect of staff
retirement benefit scheme 348 378 184 239
Depreciation on operating assets 1,884 1,922 2,054 1,759
Amortization of intangible asset - - 30 43
Repairs and maintenance 404 254 310 303
Stores, spares and supplies consumed 205 226 198 293
Provision against doubtful debts 196 239 214 173
Gas consumed internally 89 165 230 170
Legal and professional charges 89 96 20 37
Electricity 49 53 25 45
Security expenses 44 70 84 102
Insurance and royalty 40 41 50 57
Travelling 36 37 14 18
Material and labor used on consumers'
installation 31 34 39 69
Gas bill collection charges 28 32 42 119
Postage and revenue stamps 24 26 22 39
Rent, rates and taxes 15 17 20 27
Infrastructure development fee - 9 50 50
Revenue expenss related to LNG 6 - - 80
Others 67 93 34 126
5,806 6,080 5,327 5,951
Recoveries/ allocations to:
Gassy distribution system capital expenditure (494) (503) (463) (529)
Installation costs recovered from customers (69) (42) (79) (115)

Recoveries from others (41) (23)
Meter manufacturing division (36) (36)
(640) (603) (542) (644)
5,167 5,477 4,786 5,308
% of sales
Salearies, wages and benefits growth 6% -29% 29%
retirement benefit scheme growth 9% -51% 30%
Depreciation on operating assets
Amortization of intangible asset
Repairs and maintenance % of assets 2% 1% 1% 1%
Stores, spares and supplies consumed % of
sales 0% 0% 0% 0%
Provision against doubtful debts
Gas consumed internally
Legal and professional charges growth 9% -80% 89%
Electricity growth 7% -53% 79%
Security expenses % of sales 0% 0% 0% 0%
Insurance and royalty growth 1% 22% 15%
Travelling growth 1% -63% 31%
Material and labor used on consumers'
installation/ No of cutomers 0% 0% 0% 0%
Gas bill collection charges % of sales 0% 0% 0% 0%
Postage and revenue stamps growth 8% -13% 74%
Rent, rates and taxes % of sales 0% 0% 0% 0%
Infrastructure development fee / FA 0% 0% 0% 0%
Revenue expenss related to LNG
Others % of sales 0% 0% 0% 0%
Gassy distribution system capital expenditure

as% of total -9% -8% -9% -9%
Installation costs recovered from customers
as % of total -1% -1% -1% -2%
2,251 2,272 2,515 2,631 2,774
229 210 222 217 213

2,042 3,327 3,812 4,499 5,036
39 75 106 - -
428 442 510 586 636
343 329 384 461 521
238 243 286 329 383
185 285 308 318 371
39 41 55 63 74
48 51 55 59 63
107 114 136 157 176
64 75 86 99 114
16 14 14 13 12
51 57 64 62 66
80 91 122 127 148
38 49 67 77 102
28 29 35 41 46
50 65 73 80 90
21 25 32 39 29
111 100 141 153 172
6,411 7,896 9,025 10,010 11,026
(550) (680) (784) (870) (953)
(85) (107) (137) (153) (158)
(635) (787) (922) (1,024) (1,111)
5,775 7,109 8,103 8,986 9,915
2% 1% 11% 5% 5%
-4% -9% 6% -2% -2%
1% 1% 1% 1% 1%
0% 0% 0% 0% 0%
6% 5% 33% 15% 18%

7% 7% 7% 7% 7%
0% 0% 0% 0% 0%
13% 17% 15% 15% 15%
-10% -14% 2% -7% -6%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
-2% 31% 36% 14% 33%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
0% 0% 0% 0% 0%
-9% -9% -9% -9% -9%
-1% -1% -2% -2% -1%

MMCF
Power stations 136,665 135,256 138,111 127,544 155,905
Cement plants 3,865 5,134 5,955 3,380 5,630
Pakistan steel 14,453 14,350 15,500 16,386 17,955
Fertilizer feedstock 22,585 25,719 23,826 22,182 22,900
Fertilizer fuelstock - 5,027
Textiles 25,191 29,215 29,814 31,018 34,995
CNG stations 3,201 5,218 8,670 13,080 10,408
Other industries 49,830 56,022 69,033 72,241 76,503
Industrial 193,557 255,790 272,035 290,909 285,831 329,323
Commercial 7,073 7,162 7,834 8,489 8,915 9,801
Domestic 53,719 55,116 58,890 59,561 62,383 70,284
254,349 318,068 338,759 358,959 357,129 409,408

102,352
#REF! 25% 7% 6% -1% 15%
25,457 27,926
Sales breakdown
Power stations 43% 40% 38% 36% 38%
Cement plants 1% 2% 2% 1% 1%
Pakistan steel 5% 4% 4% 5% 4%
Fertilizer 7% 8% 7% 6% 7%
Textiles 8% 9% 8% 9% 9%
CNG stations 1% 2% 2% 4% 3%
Other industries 16% 17% 19% 20% 19%
Industrial 80% 80% 81% 80% 80%
Commercial 2% 2% 2% 2% 2%
Domestic 17% 17% 17% 17% 17%
Sales MMBTU
Power stations 119,974,264 146,652,352
Cement plants 3,179,397 5,295,876
Pakistan steel 15,413,491 16,889,444
Fertilizer fedstock 20,865,498 21,540,469
Fertilizer fuelstock - 4,728,396
Textiles 29,177,082 32,918,486
CNG stations 12,303,702 9,790,255
Other industries 67,953,497 71,962,809
Industrial 268,866,930 309,778,088
Commercial 8,385,895 9,219,100
Domestic 58,680,569 66,112,358
335,933,394 385,109,546
1,000,000 1,000,000
0.94 0.94
Sales Rs mn
Power stations 30,189 36,532
Cement plants 970 1,600
Pakistan steel 3,878 4,207
Fertilizer feedstock 767 792
Fertilizer fuelstock - 1,178
Textiles 7,342 8,200
CNG stations 3,259 2,567
Other industries 17,099 17,927
Industrial 63,504 73,004
Commercial 2,374 2,584
Domestic 10,518 11,732
76,397 87,320
MMMBTU 336 385

Rs/ MMBTU 227 227
Prescribed increase/
(decrease) - -
Return adjusted price 227 227

76,397 87,320
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
186,657 211,296 240,574 239,423 239,235 239,744 239,468 239,482 239,565
6,618 6,931 8,373 8,226 8,132 8,244 8,201 8,192 8,212
22,099 25,467 28,389 28,484 28,508 28,460 28,484 28,484 28,476
26,816 30,517 34,884 42,152 42,187 42,293 42,211 42,230 42,245
5,886 6,699 7,657
42,461 48,914 54,799 54,807 54,878 54,828 54,837 54,848 54,838
14,332 17,249 18,041 18,624 18,690 18,452 18,589 18,577 18,539
96,674 110,758 122,881 123,926 123,803 123,537 123,755 123,698 123,664
401,544 457,831 515,598 515,643 515,433 515,558 515,545 515,512 515,538
12,062 13,885 15,490 15,540 15,550 15,527 15,539 15,539 15,535
85,171 98,244 110,013 110,014 110,184 110,070 110,090 110,115 110,092
498,777 569,960 641,101 641,197 641,168 641,155 641,173 641,165 641,164
22% 14% 12% 0% 0% 0% 0% 0% 0%
32,702 37,216 42,541
37% 37% 38% 37% 37% 37% 37% 37% 37%

1% 1% 1% 1% 1% 1% 1% 1% 1%
4% 4% 4% 4% 4% 4% 4% 4% 4%
7% 7% 7% 7% 7% 7% 7% 7% 7%
9% 9% 9% 9% 9% 9% 9% 9% 9%
3% 3% 3% 3% 3% 3% 3% 3% 3%
19% 19% 19% 19% 19% 19% 19% 19% 19%
81% 80% 80% 80% 80% 80% 80% 80% 80%
2% 2% 2% 2% 2% 2% 2% 2% 2%
17% 17% 17% 17% 17% 17% 17% 17% 17%
175,579,184 198,755,653 226,295,863

6,225,172 6,519,770 7,875,910
20,787,497 23,955,580 26,704,154
25,224,449 28,705,648 32,813,602
5,537,074 6,301,240 7,202,986
39,940,556 46,011,340 51,546,496
13,481,602 16,224,836 16,970,103
90,936,583 104,184,449 115,587,803
377,712,117 430,658,516 484,996,916
11,346,364 13,061,297 14,570,679
80,115,672 92,413,479 103,483,747
469,174,154 536,133,292 603,051,342
1,000,000 1,000,000 1,000,000

0.94 0.94 0.94
42,864 48,522 55,245
1,843 1,930 2,332
5,075 5,848 6,519
928 2,871 3,609
1,352 1,538 1,758
9,751 11,233 12,584
3,464 4,169 4,361
22,200 25,434 28,218
87,476 101,545 114,627
3,117 3,588 4,002
13,933 16,071 17,997
104,525 121,204 136,626
469 536 603

223 226 227
- - -
223 226 227

104,525 121,204 136,626
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
239,505 239,517 239,529 239,517 239,521 239,522 239,520 239,521
8,202 8,202 8,205 8,203 8,204 8,204 8,204 8,204
28,482 28,481 28,479 28,481 28,480 28,480 28,480 28,480
42,229 42,235 42,236 42,233 42,234 42,234 42,234 42,234
54,841 54,842 54,840 54,841 54,841 54,841 54,841 54,841

18,568 18,561 18,556 18,562 18,560 18,559 18,560 18,560
123,706 123,689 123,686 123,694 123,690 123,690 123,691 123,690
515,532 515,527 515,532 515,530 515,530 515,531 515,530 515,530
15,537 15,537 15,536 15,537 15,537 15,537 15,537 15,537
110,099 110,102 110,097 110,099 110,099 110,099 110,099 110,099
641,168 641,166 641,166 641,166 641,166 641,166 641,166 641,166
0% 0% 0% 0% 0% 0% 0% 0%
37% 37% 37% 37% 37% 37% 37% 37%

1% 1% 1% 1% 1% 1% 1% 1%
4% 4% 4% 4% 4% 4% 4% 4%
7% 7% 7% 7% 7% 7% 7% 7%
9% 9% 9% 9% 9% 9% 9% 9%
3% 3% 3% 3% 3% 3% 3% 3%
19% 19% 19% 19% 19% 19% 19% 19%
80% 80% 80% 80% 80% 80% 80% 80%
2% 2% 2% 2% 2% 2% 2% 2%
17% 17% 17% 17% 17% 17% 17% 17%
Rs mn
FY03 FY04 FY05 FY06
Gas sales volume in MMMBTU
Net operating revenue
Sales at current prescribed price

Other operating income
Total income
Less: expenses
Cost of gas
T&D costs
Depreciation
WPPF
Other charges excluding WPPF
Total expenses
Return available
Required return on net fixed assets
(Surplus) / Shortfall
Gross up for WPPF @ 5%- GDS
Increase / (decrease) in prices- prescribed

335,933 385,110 469,174 536,133 603,051
76,319 76,312 91,457 106,206 119,489

4,069 5,836 4,079 4,551 4,853
80,388 82,148 95,537 110,757 124,342
63,157 66,230 77,198 86,749 97,315

3,623 2,616 4,139 4,443 4,579
2,042 3,327 3,812 4,499 5,036
(70) (65) (56) (50) (43)
78 212 121 131 152
68,830 72,320 85,214 95,772 107,038
11,558 9,829 10,323 14,985 17,304
4,336 4,910 5,456 6,272 6,939
(7,222) (4,918) (4,866) (8,713) (10,365)
(7,583) (5,164) (5,110) (9,149) (10,884)
(23) (13) (11) (17) (18)

Rs mn
CY03 CY04 CY05 CY06
Required return on net assets

Net assets at beginning
Net assets at ending
Average net fixed assets
Deferred credit at beginning

Deferred credit at ending
Average deferred credit
Average net fixed assets after deferred credit
Return required on net assets
Amount of return required

CY07 CY08 CY09 CY10 CY11
24,900 31,334 33,071 39,054 43,828

31,334 33,071 39,054 43,828 47,931
28,117 32,202 36,062 41,441 45,879
2,246 2,977 3,658 4,275 4,823

2,977 3,658 4,275 4,823 5,305
2,611 3,317 3,966 4,549 5,064
25,506 28,885 32,096 36,892 40,815
17% 17% 17% 17% 17%
4,336 4,910 5,456 6,272 6,939

Rs mn
Salearies, wages and benefits 827 615 645

retirement benefit scheme 84 18 19
Depreciation on operating assets 97 390 165
Repairs and maintenance 93 43 94
Stores, spares and supplies consumed 56 61 72
Legal and professional charges 91 56 57
Electricity 26 9 9
Security expenses 16 0 8
Insurance and royalty 5 10 9
Travelling 26 23 20
Postage and revenue stamps 3 1 2
Rent, rates and taxes 8 8 9
Others 104 52 100
- - 1,435 1,286 1,210
Recoveries/ allocations to:

Recoveries from others (17) (8) (11)
Meter manufacturing division (31) (15) (20)
- - (48) (23) (31)
- - 1,387 1,263 1,179
Salearies, wages and benefits growth 5%

retirement benefit scheme 5%
Depreciation on operating assets
Repairs and maintenance % of FA 0% 0% 0%
Stores, spares and supplies consumed % of
sales 0% 0% 0%
Legal and professional charges -38% 2%
Electricity
Security expenses 7%
Insurance and royalty 0% 0% 0%
Travelling -14% -14%
Postage and revenue stamps
Rent, rates and taxes 0% 0% 0%
Others 0% 0% 0%
Recoveries from others -1% -1% -1%

Meter manufacturing division -2% -1% -2%
FY08 FY09 FY10 FY11
678 711 747 784
20 21 22 24
369 512 487 592
78 104 110 124
71 87 100 113
58 59 60 62
10 11 11 12
4 6 5 6
11 12 14 16
17 15 13 11
1 2 2 2
9 11 13 15
80 109 119 138
1,407 1,660 1,703 1,898
(10) (14) (13) (15)

(20) (26) (25) (29)
(31) (39) (39) (44)
1,376 1,621 1,664 1,854
5% 5% 5% 5%
5% 5% 5% 5%
0% 0% 0% 0%
0% 0% 0% 0%
2% 2% 2% 2%
7% 7% 7% 7%
0% 0% 0% 0%
-14% -14% -14% -14%
0% 0% 0% 0%
0% 0% 0% 0%
-1% -1% -1% -1%

-1% -2% -1% -2%
Rs mn
Auditors' remuneration
Statutory audit 1 1 1 1 1
Special audits and certifications - 0 0 0 0
Out of pocket expenses 0 0 0 - 0
1 1 1 1 1
WPPF 108 83 84 91 70
Sports expenses 5 15 17 19 18
CSR - 6 9 10 17
Net loss on gas distribution gwadar operation - 7 11

Earth quake relief activities - 30 -
Gas rupture 12 - -
Donation - 0 -
Exchage loss on payment of gas purchases 1 31 17 -
Provision for slow moving/obsolete stores 36 0 4 3 31
151 104 157 178 148
Auditors' remuneration
Statutory audit 6% 6% 14% 9%
Special audits and certifications 30% -78% -24%
Out of pocket expenses 400% 0% -100% 100%
WPPF
Sports expenses 194% 14% 14% 14%
CSR 55% 15% 35%
Net loss on gas distribution gwadar operation 3%

Earth quake relief activities 0%
Gas rupture 0%
Donation 0%
Exchage loss on payment of gas purchases 0.066% 0.028% 0%
Provision for slow moving/obsolete stores
FY08 FY09 FY10 FY11
1 1 1 1
0 0 0 0
0 0 0 0
1 1 2 2
65 56 50 43
21 23 27 30
21 28 35 46
11 11 12 12
- - - -
- - - -
- - - -
25 33 35 40
17 24 20 22
162 176 180 196
9% 11% 10% 10%

-24% -42% -30% -32%
0% 0% 33% 11%
14% 14% 14% 14%

25% 30% 28% 29%
3% 3% 3% 3%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
0% 0% 0% 0%
Covariance 0
Variance 0
Beta 1.01
Price Index Price change

Index change
Fri/11/Jun/04 39.75 5,384.48
Mon/14/Jun/04 40.10 5,217.57 1% -3%
Tue/15/Jun/04 38.10 5,318.36 -5% 2%
Wed/16/Jun/04 38.80 5,305.42 2% 0%
Thu/17/Jun/04 38.90 5,264.89 0% -1%
Fri/18/Jun/04 37.50 5,248.67 -4% 0%
Mon/21/Jun/04 36.50 5,103.67 -3% -3%
Tue/22/Jun/04 34.95 5,080.24 -4% 0%
Wed/23/Jun/04 36.65 5,088.86 5% 0%
Thu/24/Jun/04 36.85 5,151.02 1% 1%
Fri/25/Jun/04 37.55 5,105.69 2% -1%
Mon/28/Jun/04 36.90 5,279.03 -2% 3%
Tue/29/Jun/04 39.30 5,264.95 7% 0%
Wed/30/Jun/04 39.90 5,279.18 2% 0%
Thu/01/Jul/04 39.10 5,347.72 -2% 1%
Fri/02/Jul/04 42.00 5,352.97 7% 0%
Mon/05/Jul/04 42.10 5,399.72 0% 1%
Tue/06/Jul/04 41.65 5,390.65 -1% 0%
Wed/07/Jul/04 42.50 5,409.32 2% 0%
Thu/08/Jul/04 42.15 5,423.74 -1% 0%
Fri/09/Jul/04 42.10 5,453.55 0% 1%
Mon/12/Jul/04 42.55 5,485.74 1% 1%
Tue/13/Jul/04 42.40 5,473.22 0% 0%
Wed/14/Jul/04 41.90 5,474.23 -1% 0%
Thu/15/Jul/04 41.75 5,438.94 0% -1%
Fri/16/Jul/04 41.15 5,387.84 -1% -1%
Mon/19/Jul/04 39.80 5,378.93 -3% 0%
Tue/20/Jul/04 40.50 5,389.14 2% 0%
Wed/21/Jul/04 40.15 5,440.49 -1% 1%
Thu/22/Jul/04 40.60 5,426.11 1% 0%
Fri/23/Jul/04 40.45 5,409.37 0% 0%
Mon/26/Jul/04 40.20 5,346.15 -1% -1%
Tue/27/Jul/04 39.15 5,314.40 -3% -1%
Wed/28/Jul/04 38.40 5,351.33 -2% 1%
Thu/29/Jul/04 39.70 5,303.56 3% -1%
Fri/30/Jul/04 39.15 5,290.04 -1% 0%
Mon/02/Aug/04 39.65 5,206.83 1% -2%
Tue/03/Aug/04 39.00 5,262.52 -2% 1%
Wed/04/Aug/04 39.75 5,309.05 2% 1%
Thu/05/Aug/04 40.35 5,303.84 2% 0%
Fri/06/Aug/04 40.00 5,343.52 -1% 1%
Mon/09/Aug/04 40.75 5,363.96 2% 0%
Tue/10/Aug/04 40.60 5,367.95 0% 0%
Wed/11/Aug/04 40.10 5,352.95 -1% 0%
Thu/12/Aug/04 39.25 5,326.16 -2% -1%
Fri/13/Aug/04 39.30 5,335.82 0% 0%
Mon/16/Aug/04 38.75 5,329.67 -1% 0%
Tue/17/Aug/04 38.55 5,377.75 -1% 1%
Wed/18/Aug/04 39.15 5,417.44 2% 1%
Thu/19/Aug/04 39.15 5,377.71 0% -1%
Fri/20/Aug/04 38.15 5,409.05 -3% 1%
Mon/23/Aug/04 38.10 5,401.38 0% 0%
Tue/24/Aug/04 37.85 5,368.23 -1% -1%
Wed/25/Aug/04 37.25 5,355.22 -2% 0%
Thu/26/Aug/04 37.70 5,381.09 1% 0%
Fri/27/Aug/04 37.80 5,393.99 0% 0%
Mon/30/Aug/04 38.05 5,329.86 1% -1%
Tue/31/Aug/04 37.25 5,346.15 -2% 0%
Wed/01/Sep/04 37.75 5,320.38 1% 0%
Thu/02/Sep/04 37.80 5,327.53 0% 0%
Fri/03/Sep/04 37.65 5,318.73 0% 0%
Mon/06/Sep/04 37.35 5,195.42 -1% -2%
Tue/07/Sep/04 35.50 5,168.77 -5% -1%
Wed/08/Sep/04 34.85 5,199.39 -2% 1%
Thu/09/Sep/04 35.25 5,184.12 1% 0%
Fri/10/Sep/04 34.60 5,172.21 -2% 0%
Mon/13/Sep/04 35.85 5,118.39 4% -1%
Tue/14/Sep/04 35.75 5,087.37 0% -1%
Wed/15/Sep/04 35.50 4,997.35 -1% -2%
Thu/16/Sep/04 35.15 5,055.03 -1% 1%
Fri/17/Sep/04 35.70 5,045.91 2% 0%
Mon/20/Sep/04 35.30 5,044.77 -1% 0%
Tue/21/Sep/04 35.20 4,958.41 0% -2%
Wed/22/Sep/04 34.25 4,890.22 -3% -1%
Thu/23/Sep/04 32.80 4,970.57 -4% 2%
Fri/24/Sep/04 33.95 5,080.67 4% 2%
Mon/27/Sep/04 35.05 5,125.04 3% 1%
Tue/28/Sep/04 36.00 5,128.13 3% 0%
Wed/29/Sep/04 35.50 5,196.28 -1% 1%
Thu/30/Sep/04 36.60 5,217.65 3% 0%
Fri/01/Oct/04 37.65 5,245.82 3% 1%
Mon/04/Oct/04 37.40 5,267.21 -1% 0%
Tue/05/Oct/04 37.60 5,233.28 1% -1%
Wed/06/Oct/04 37.55 5,299.53 0% 1%
Thu/07/Oct/04 37.40 5,295.76 0% 0%
Fri/08/Oct/04 37.25 5,342.94 0% 1%
Mon/11/Oct/04 37.65 5,372.13 1% 1%
Tue/12/Oct/04 38.40 5,421.07 2% 1%
Wed/13/Oct/04 38.35 5,445.50 0% 0%
Thu/14/Oct/04 39.00 5,469.62 2% 0%
Fri/15/Oct/04 39.75 5,433.48 2% -1%
Mon/18/Oct/04 38.80 5,380.72 -2% -1%
Tue/19/Oct/04 38.85 5,467.06 0% 2%
Wed/20/Oct/04 36.28 5,465.36 -7% 0%
Thu/21/Oct/04 35.75 5,452.87 -1% 0%
Fri/22/Oct/04 35.85 5,458.32 0% 0%
Mon/25/Oct/04 35.80 5,468.12 0% 0%
Tue/26/Oct/04 36.05 5,390.35 1% -1%
Wed/27/Oct/04 35.30 5,383.42 -2% 0%
Thu/28/Oct/04 34.75 5,367.68 -2% 0%
Fri/29/Oct/04 34.30 5,332.24 -1% -1%
Mon/01/Nov/04 33.65 5,246.91 -2% -2%
Tue/02/Nov/04 33.80 5,329.88 0% 2%
Wed/03/Nov/04 36.00 5,351.51 7% 0%
Thu/04/Nov/04 35.25 5,347.72 -2% 0%
Fri/05/Nov/04 35.50 5,352.30 1% 0%
Mon/08/Nov/04 36.00 5,378.85 1% 0%
Wed/10/Nov/04 36.55 5,427.45 2% 1%
Fri/12/Nov/04 37.40 5,483.88 2% 1%
Thu/18/Nov/04 37.55 5,515.43 0% 1%
Fri/19/Nov/04 38.40 5,520.17 2% 0%
Mon/22/Nov/04 38.60 5,502.56 1% 0%
Tue/23/Nov/04 38.95 5,514.49 1% 0%
Wed/24/Nov/04 38.55 5,533.22 -1% 0%
Thu/25/Nov/04 38.30 5,523.27 -1% 0%
Fri/26/Nov/04 38.10 5,556.87 -1% 1%
Mon/29/Nov/04 38.70 5,571.88 2% 0%
Tue/30/Nov/04 39.05 5,567.79 1% 0%
Wed/01/Dec/04 38.95 5,560.50 0% 0%
Thu/02/Dec/04 38.65 5,552.50 -1% 0%
Fri/03/Dec/04 38.15 5,575.96 -1% 0%
Mon/06/Dec/04 38.40 5,633.13 1% 1%
Tue/07/Dec/04 39.10 5,675.79 2% 1%
Wed/08/Dec/04 39.00 5,698.64 0% 0%
Thu/09/Dec/04 39.00 5,738.49 0% 1%
Fri/10/Dec/04 39.10 5,700.82 0% -1%
Mon/13/Dec/04 38.05 5,758.28 -3% 1%
Tue/14/Dec/04 38.40 5,766.62 1% 0%
Wed/15/Dec/04 39.25 5,824.25 2% 1%
Thu/16/Dec/04 39.25 5,827.84 0% 0%
Fri/17/Dec/04 38.60 5,842.59 -2% 0%
Mon/20/Dec/04 39.25 5,852.87 2% 0%
Tue/21/Dec/04 38.85 5,874.19 -1% 0%
Wed/22/Dec/04 38.95 5,966.05 0% 2%
Thu/23/Dec/04 38.85 5,978.32 0% 0%
Fri/24/Dec/04 38.60 6,045.80 -1% 1%
Mon/27/Dec/04 38.25 6,046.16 -1% 0%
Tue/28/Dec/04 38.35 6,077.83 0% 1%
Wed/29/Dec/04 38.35 6,123.67 0% 1%
Thu/30/Dec/04 41.20 6,106.93 7% 0%
Fri/31/Dec/04 40.45 6,218.40 -2% 2%
Mon/03/Jan/05 40.65 6,220.28 0% 0%
Tue/04/Jan/05 40.75 6,297.70 0% 1%
Wed/05/Jan/05 41.80 6,285.68 3% 0%
Thu/06/Jan/05 41.20 6,353.27 -1% 1%
Fri/07/Jan/05 41.75 6,318.90 1% -1%
Mon/10/Jan/05 40.40 6,484.14 -3% 3%
Tue/11/Jan/05 41.95 6,710.03 4% 3%
Wed/12/Jan/05 42.10 6,657.40 0% -1%
Thu/13/Jan/05 42.65 6,424.80 1% -3%
Fri/14/Jan/05 40.55 6,559.83 -5% 2%
Mon/17/Jan/05 40.80 6,633.01 1% 1%
Tue/18/Jan/05 41.90 6,603.55 3% 0%
Wed/19/Jan/05 42.20 6,746.40 1% 2%
Mon/24/Jan/05 42.60 6,861.97 1% 2%
Tue/25/Jan/05 43.25 6,887.58 2% 0%
Wed/26/Jan/05 42.60 6,904.56 -2% 0%
Thu/27/Jan/05 41.75 6,952.82 -2% 1%
Fri/28/Jan/05 42.10 6,798.01 1% -2%
Mon/31/Jan/05 41.25 6,747.39 -2% -1%
Tue/01/Feb/05 41.90 6,869.28 2% 2%
Wed/02/Feb/05 43.10 6,949.88 3% 1%
Thu/03/Feb/05 43.30 7,014.71 0% 1%
Fri/04/Feb/05 43.00 6,968.46 -1% -1%
Mon/07/Feb/05 42.75 7,091.14 -1% 2%
Tue/08/Feb/05 42.70 7,154.83 0% 1%
Wed/09/Feb/05 44.85 7,156.55 5% 0%
Thu/10/Feb/05 45.45 7,196.63 1% 1%
Fri/11/Feb/05 45.85 7,238.76 1% 1%
Mon/14/Feb/05 46.05 7,341.69 0% 1%
Tue/15/Feb/05 49.50 7,402.80 7% 1%
Wed/16/Feb/05 51.00 7,508.80 3% 1%
Thu/17/Feb/05 52.25 7,579.98 2% 1%
Fri/18/Feb/05 52.00 7,734.03 0% 2%
Mon/21/Feb/05 52.05 7,865.94 0% 2%
Tue/22/Feb/05 53.60 7,925.70 3% 1%
Wed/23/Feb/05 54.85 8,180.79 2% 3%
Thu/24/Feb/05 54.50 8,253.12 -1% 1%
Fri/25/Feb/05 51.80 8,285.40 -5% 0%
Mon/28/Feb/05 49.25 8,260.06 -5% 0%
Tue/01/Mar/05 48.10 8,404.52 -2% 2%
Wed/02/Mar/05 49.00 8,206.14 2% -2%
Thu/03/Mar/05 46.60 8,496.73 -5% 4%
Fri/04/Mar/05 48.80 8,793.69 5% 3%
Mon/07/Mar/05 49.65 8,863.48 2% 1%
Tue/08/Mar/05 53.15 9,218.68 7% 4%
Wed/09/Mar/05 50.50 9,588.47 -5% 4%
Thu/10/Mar/05 50.95 9,571.92 1% 0%
Fri/11/Mar/05 51.00 9,603.73 0% 0%
Mon/14/Mar/05 50.80 9,998.05 0% 4%
Tue/15/Mar/05 54.55 10,303.13 7% 3%
Wed/16/Mar/05 54.10 10,077.89 -1% -2%
Thu/17/Mar/05 51.90 9,636.37 -4% -4%
Fri/18/Mar/05 51.00 9,499.42 -2% -1%
Mon/21/Mar/05 51.95 9,097.92 2% -4%
Tue/22/Mar/05 50.25 8,694.61 -3% -4%
Thu/24/Mar/05 47.80 8,314.00 -5% -4%
Fri/25/Mar/05 45.75 7,964.95 -4% -4%
Mon/28/Mar/05 43.50 7,708.29 -5% -3%
Tue/29/Mar/05 42.85 7,855.14 -1% 2%
Wed/30/Mar/05 46.05 8,085.56 7% 3%
Thu/31/Mar/05 49.50 7,770.33 7% -4%
Fri/01/Apr/05 48.50 7,596.87 -2% -2%
Mon/04/Apr/05 51.00 8,050.25 5% 6%
Tue/05/Apr/05 53.90 7,820.83 6% -3%
Wed/06/Apr/05 52.30 7,613.63 -3% -3%
Thu/07/Apr/05 51.65 7,784.34 -1% 2%
Fri/08/Apr/05 54.00 7,593.30 5% -2%
Mon/11/Apr/05 52.35 7,244.49 -3% -5%
Tue/12/Apr/05 49.75 6,939.03 -5% -4%
Wed/13/Apr/05 47.30 7,123.62 -5% 3%
Thu/14/Apr/05 50.80 7,202.84 7% 1%
Fri/15/Apr/05 51.40 7,512.91 1% 4%
Mon/18/Apr/05 51.05 7,234.21 -1% -4%
Tue/19/Apr/05 48.60 6,952.72 -5% -4%
Wed/20/Apr/05 46.20 7,030.83 -5% 1%
Thu/21/Apr/05 46.60 7,101.38 1% 1%
Mon/25/Apr/05 47.25 6,996.82 1% -1%
Tue/26/Apr/05 46.10 7,164.73 -2% 2%
Wed/27/Apr/05 46.25 7,275.74 0% 2%
Thu/28/Apr/05 46.95 7,144.48 2% -2%
Fri/29/Apr/05 45.80 7,104.65 -2% -1%
Mon/02/May/05 45.40 6,832.74 -1% -4%
Tue/03/May/05 45.50 6,887.93 0% 1%
Wed/04/May/05 45.50 6,898.72 0% 0%
Thu/05/May/05 45.45 7,098.22 0% 3%
Fri/06/May/05 46.20 7,183.25 2% 1%
Mon/09/May/05 46.00 7,384.98 0% 3%
Tue/10/May/05 46.60 7,367.69 1% 0%
Wed/11/May/05 46.50 7,497.62 0% 2%
Thu/12/May/05 46.75 7,284.05 1% -3%
Fri/13/May/05 45.65 7,411.33 -2% 2%
Mon/16/May/05 46.55 7,315.50 2% -1%
Tue/17/May/05 45.70 7,437.95 -2% 2%
Wed/18/May/05 44.80 7,348.06 -2% -1%
Thu/19/May/05 43.80 7,413.70 -2% 1%
Fri/20/May/05 43.95 7,300.09 0% -2%
Mon/23/May/05 42.40 6,983.30 -4% -4%
Tue/24/May/05 40.30 7,034.84 -5% 1%
Wed/25/May/05 38.30 6,942.42 -5% -1%
Thu/26/May/05 36.50 6,664.86 -5% -4%
Fri/27/May/05 34.70 6,467.15 -5% -3%
Mon/30/May/05 33.00 6,707.56 -5% 4%
Tue/31/May/05 34.20 6,857.67 4% 2%
Wed/01/Jun/05 35.90 7,019.60 5% 2%
Thu/02/Jun/05 37.65 7,322.38 5% 4%
Fri/03/Jun/05 39.50 7,213.17 5% -1%
Mon/06/Jun/05 41.45 7,104.40 5% -2%
Tue/07/Jun/05 41.20 7,391.18 -1% 4%
Wed/08/Jun/05 42.15 7,263.56 2% -2%
Thu/09/Jun/05 41.50 7,307.02 -2% 1%
Fri/10/Jun/05 41.40 7,345.29 0% 1%
Mon/13/Jun/05 40.75 7,441.77 -2% 1%
Tue/14/Jun/05 40.80 7,368.95 0% -1%
Wed/15/Jun/05 40.25 7,488.73 -1% 2%
Thu/16/Jun/05 41.40 7,330.91 3% -2%
Fri/17/Jun/05 40.75 7,398.73 -2% 1%
Mon/20/Jun/05 40.95 7,663.04 0% 4%
Tue/21/Jun/05 41.70 7,489.71 2% -2%
Wed/22/Jun/05 43.75 7,409.07 5% -1%
Thu/23/Jun/05 44.55 7,417.70 2% 0%
Fri/24/Jun/05 45.50 7,350.46 2% -1%
Mon/27/Jun/05 45.75 7,255.44 1% -1%
Tue/28/Jun/05 45.10 7,431.80 -1% 2%
Wed/29/Jun/05 45.70 7,494.75 1% 1%
Thu/30/Jun/05 45.35 7,450.12 -1% -1%
Fri/01/Jul/05 45.50 7,464.60 0% 0%
Mon/04/Jul/05 44.85 7,408.55 -1% -1%
Tue/05/Jul/05 44.00 7,517.52 -2% 1%
Wed/06/Jul/05 43.70 7,530.34 -1% 0%
Thu/07/Jul/05 44.60 7,589.07 2% 1%
Fri/08/Jul/05 44.80 7,588.94 0% 0%
Mon/11/Jul/05 45.20 7,554.28 1% 0%
Tue/12/Jul/05 45.40 7,511.94 0% -1%
Wed/13/Jul/05 45.00 7,481.17 -1% 0%
Thu/14/Jul/05 44.85 7,471.64 0% 0%
Fri/15/Jul/05 45.10 7,535.81 1% 1%
Mon/18/Jul/05 45.65 7,437.55 1% -1%
Tue/19/Jul/05 45.25 7,319.77 -1% -2%
Wed/20/Jul/05 45.00 7,410.98 -1% 1%
Thu/21/Jul/05 45.20 7,410.91 0% 0%
Fri/22/Jul/05 45.35 7,353.85 0% -1%
Mon/25/Jul/05 45.00 7,305.30 -1% -1%
Tue/26/Jul/05 45.25 7,310.57 1% 0%
Wed/27/Jul/05 45.00 7,217.60 -1% -1%
Thu/28/Jul/05 44.85 7,215.44 0% 0%
Fri/29/Jul/05 45.25 7,178.93 1% -1%
Mon/01/Aug/05 44.80 7,195.32 -1% 0%
Tue/02/Aug/05 44.80 7,324.80 0% 2%
Wed/03/Aug/05 45.30 7,442.04 1% 2%
Thu/04/Aug/05 45.15 7,404.95 0% 0%
Fri/05/Aug/05 45.50 7,418.61 1% 0%
Mon/08/Aug/05 45.35 7,318.48 0% -1%
Tue/09/Aug/05 45.05 7,184.48 -1% -2%
Wed/10/Aug/05 44.80 7,064.29 -1% -2%
Thu/11/Aug/05 44.90 6970.59 0% -1%
Fri/12/Aug/05 44.20 7150.65 -2% 3%
Mon/15/Aug/05 45.00 7122.98 2% 0%
Tue/16/Aug/05 44.90 7139.09 0% 0%
Wed/17/Aug/05 44.80 7099.22 0% -1%
Fri/19/Aug/05 44.50 7311.92 -1% 3%
Mon/22/Aug/05 45.70 7590.10 3% 4%
Tue/23/Aug/05 47.00 7557.87 3% 0%
Wed/24/Aug/05 46.30 7512.34 -1% -1%
Thu/25/Aug/05 45.90 7554.01 -1% 1%
Fri/26/Aug/05 46.95 7585.70 2% 0%
Mon/29/Aug/05 46.10 7690.60 -2% 1%
Tue/30/Aug/05 46.35 7744.19 1% 1%
Wed/31/Aug/05 45.45 7796.86 -2% 1%
Thu/01/Sep/05 45.75 7769.21 1% 0%
Fri/02/Sep/05 46.75 7789.76 2% 0%
Mon/05/Sep/05 46.50 7849.06 -1% 1%
Tue/06/Sep/05 46.35 7807.04 0% -1%
Wed/07/Sep/05 46.40 7804.41 0% 0%
Thu/08/Sep/05 46.80 7884.21 1% 1%
Fri/09/Sep/05 47.70 7889.25 2% 0%
Mon/12/Sep/05 47.25 7,892.57 -1% 0%
Tue/13/Sep/05 48.00 7,894.68 2% 0%
Wed/14/Sep/05 47.75 7956.50 -1% 1%
Thu/15/Sep/05 48.50 7979.48 2% 0%
Fri/16/Sep/05 50.75 7934.54 5% -1%
Mon/19/Sep/05 52.70 7972.97 4% 0%
Tue/20/Sep/05 50.10 8066.17 -5% 1%
Wed/21/Sep/05 51.90 8187.10 4% 1%
Thu/22/Sep/05 51.00 8186.00 -2% 0%
Fri/23/Sep/05 49.80 8179.90 -2% 0%
Mon/26/Sep/05 48.75 8217.47 -2% 0%
Tue/27/Sep/05 49.10 8195.28 1% 0%
Wed/28/Sep/05 51.55 8196.33 5% 0%
Thu/29/Sep/05 51.70 8151.51 0% -1%
Fri/30/Sep/05 51.00 8225.66 -1% 1%
Mon/03/Oct/05 52.40 8329.70 3% 1%
Tue/04/Oct/05 54.05 8426.77 3% 1%
Wed/05/Oct/05 53.50 8581.68 -1% 2%
Thu/06/Oct/05 53.50 8540.24 0% 0%
Fri/07/Oct/05 54.15 8542.38 1% 0%
Mon/10/Oct/05 56.85 8520.72 5% 0%
Tue/11/Oct/05 59.65 8622.43 5% 1%
Wed/12/Oct/05 59.00 8791.94 -1% 2%
Thu/13/Oct/05 60.50 8761.50 3% 0%
Fri/14/Oct/05 60.90 8863.87 1% 1%
Mon/17/Oct/05 63.90 8900.90 5% 0%
Tue/18/Oct/05 67.05 8669.39 5% -3%
Wed/19/Oct/05 64.50 8872.96 -4% 2%
Thu/20/Oct/05 67.70 8558.00 5% -4%
Fri/21/Oct/05 68.70 8289.81 1% -3%
Mon/24/Oct/05 65.30 8409.16 -5% 1%
Tue/25/Oct/05 68.55 8316.67 5% -1%
Wed/26/Oct/05 71.95 8235.12 5% -1%
Thu/27/Oct/05 68.70 8317.36 -5% 1%
Mon/31/Oct/05 69.00 8247.34 0% -1%
Wed/02/Nov/05 67.50 8436.62 -2% 2%
Mon/07/Nov/05 69.00 8664.02 2% 3%
Tue/08/Nov/05 72.25 8693.54 5% 0%
Thu/10/Nov/05 73.65 8794.93 2% 1%
Fri/11/Nov/05 72.75 8793.93 -1% 0%
Mon/14/Nov/05 73.30 8838.26 1% 1%
Tue/15/Nov/05 74.25 8889.72 1% 1%
Wed/16/Nov/05 73.00 8895.68 -2% 0%
Thu/17/Nov/05 71.20 8864.02 -2% 0%
Fri/18/Nov/05 71.50 8933.51 0% 1%
Mon/21/Nov/05 71.75 8960.88 0% 0%
Tue/22/Nov/05 72.20 9006.26 1% 1%
Wed/23/Nov/05 71.55 9016.34 -1% 0%
Thu/24/Nov/05 71.40 9072.82 0% 1%
Fri/25/Nov/05 71.70 9064.39 0% 0%
Mon/28/Nov/05 72.50 9147.02 1% 1%
Tue/29/Nov/05 74.10 9135.54 2% 0%
Wed/30/Nov/05 76.10 9025.93 3% -1%
Thu/01/Dec/05 74.25 9080.53 -2% 1%
Fri/02/Dec/05 73.75 9226.41 -1% 2%
Mon/05/Dec/05 73.85 9344.70 0% 1%
Tue/06/Dec/05 74.60 9397.33 1% 1%
Wed/07/Dec/05 75.90 9374.86 2% 0%
Thu/08/Dec/05 79.50 9418.35 5% 0%
Fri/09/Dec/05 79.90 9431.81 1% 0%
Mon/12/Dec/05 79.95 9459.65 0% 0%
Tue/13/Dec/05 80.85 9451.35 1% 0%
Wed/14/Dec/05 79.55 9403.98 -2% -1%
Thu/15/Dec/05 76.50 9488.70 -4% 1%
Fri/16/Dec/05 76.00 9514.83 -1% 0%
Mon/19/Dec/05 76.25 9379.66 0% -1%
Tue/20/Dec/05 76.40 9482.01 0% 1%
Wed/21/Dec/05 76.95 9504.07 1% 0%
Thu/22/Dec/05 77.20 9470.99 0% 0%
Fri/23/Dec/05 78.00 9491.47 1% 0%
Mon/26/Dec/05 78.05 9371.52 0% -1%
Tue/27/Dec/05 78.40 9446.83 0% 1%
Wed/28/Dec/05 81.05 9466.47 3% 0%
Thu/29/Dec/05 81.35 9497.35 0% 0%
Fri/30/Dec/05 81.00 9556.61 0% 1%
Mon/02/Jan/06 83.90 9672.47 4% 1%
Tue/03/Jan/06 88.05 9766.90 5% 1%
Wed/04/Jan/06 90.50 9853.31 3% 1%
Thu/05/Jan/06 89.10 9907.14 -2% 1%
Fri/06/Jan/06 92.90 9886.30 4% 0%
Mon/09/Jan/06 91.70 9990.19 -1% 1%
Mon/16/Jan/06 92.85 10093.52 1% 1%
Tue/17/Jan/06 95.55 10165.91 3% 1%
Wed/18/Jan/06 100.20 10235.17 5% 1%
Thu/19/Jan/06 100.60 10259.86 0% 0%
Fri/20/Jan/06 102.35 10227.87 2% 0%
Mon/23/Jan/06 99.90 10346.47 -2% 1%
Tue/24/Jan/06 98.20 10170.40 -2% -2%
Wed/25/Jan/06 94.70 10214.01 -4% 0%
Thu/26/Jan/06 96.00 10304.80 1% 1%
Fri/27/Jan/06 98.20 10447.56 2% 1%
Mon/30/Jan/06 98.95 10527.85 1% 1%
Tue/31/Jan/06 99.85 10524.16 1% 0%
Wed/01/Feb/06 99.25 10496.95 -1% 0%
Thu/02/Feb/06 99.90 10466.40 1% 0%
Fri/03/Feb/06 99.20 10726.46 -1% 2%
Mon/06/Feb/06 104.15 10802.32 5% 1%
Tue/07/Feb/06 107.75 10913.78 3% 1%
Fri/10/Feb/06 109.75 11052.86 2% 1%
Mon/13/Feb/06 110.50 11218.03 1% 1%
Tue/14/Feb/06 109.50 10920.09 -1% -3%
Wed/15/Feb/06 104.80 11259.29 -4% 3%
Thu/16/Feb/06 107.40 11176.81 2% -1%
Fri/17/Feb/06 105.50 11352.63 -2% 2%
Mon/20/Feb/06 105.40 11441.85 0% 1%
Tue/21/Feb/06 106.75 11537.02 1% 1%
Wed/22/Feb/06 109.30 11444.12 2% -1%
Thu/23/Feb/06 109.90 11609.37 1% 1%
Fri/24/Feb/06 110.25 11546.79 0% -1%
Mon/27/Feb/06 108.75 11191.75 -1% -3%
Tue/28/Feb/06 107.50 11456.27 -1% 2%
Wed/01/Mar/06 111.25 11473.99 3% 0%
Thu/02/Mar/06 111.70 11381.61 0% -1%
Fri/03/Mar/06 109.25 11415.29 -2% 0%
Mon/06/Mar/06 114.70 10947.09 5% -4%
Tue/07/Mar/06 109.00 11085.03 -5% 1%
Wed/08/Mar/06 114.45 10594.01 5% -4%
Thu/09/Mar/06 108.75 10803.99 -5% 2%
Fri/10/Mar/06 107.00 10474.20 -2% -3%
Mon/13/Mar/06 101.65 10093.24 -5% -4%
Tue/14/Mar/06 96.60 10433.17 -5% 3%
Wed/15/Mar/06 101.40 10392.91 5% 0%
Thu/16/Mar/06 106.45 10689.20 5% 3%
Fri/17/Mar/06 111.10 10951.08 4% 2%
Mon/20/Mar/06 114.50 11032.31 3% 1%
Tue/21/Mar/06 114.00 11129.77 0% 1%
Wed/22/Mar/06 115.00 11278.48 1% 1%
Fri/24/Mar/06 117.40 11459.58 2% 2%
Mon/27/Mar/06 120.75 11402.11 3% -1%
Tue/28/Mar/06 119.20 11449.44 -1% 0%
Wed/29/Mar/06 124.00 11414.37 4% 0%
Thu/30/Mar/06 122.90 11568.64 -1% 1%
Fri/31/Mar/06 124.00 11485.90 1% -1%
Mon/03/Apr/06 122.35 11573.97 -1% 1%
Tue/04/Apr/06 122.20 11664.97 0% 1%
Wed/05/Apr/06 123.55 11666.38 1% 0%
Thu/06/Apr/06 123.95 11685.44 0% 0%
Fri/07/Apr/06 125.65 11936.59 1% 2%
Mon/10/Apr/06 130.90 11992.23 4% 0%
Thu/13/Apr/06 128.80 12060.73 -2% 1%
Fri/14/Apr/06 129.70 12136.83 1% 1%
Mon/17/Apr/06 129.55 12273.77 0% 1%
Tue/18/Apr/06 127.70 12115.46 -1% -1%
Wed/19/Apr/06 121.70 12048.11 -5% -1%
Thu/20/Apr/06 124.85 12075.75 3% 0%
Fri/21/Apr/06 123.25 12007.60 -1% -1%
Mon/24/Apr/06 121.75 11802.68 -1% -2%
Tue/25/Apr/06 117.45 11941.82 -4% 1%
Wed/26/Apr/06 118.70 11910.09 1% 0%
Thu/27/Apr/06 118.30 11683.72 0% -2%
Fri/28/Apr/06 112.60 11342.17 -5% -3%
Tue/02/May/06 109.85 11572.58 -2% 2%
Wed/03/May/06 115.30 11728.14 5% 1%
Thu/04/May/06 121.05 11690.25 5% 0%
Fri/05/May/06 121.10 11686.44 0% 0%
Mon/08/May/06 122.00 11775.52 1% 1%
Tue/09/May/06 121.50 11576.83 0% -2%
Wed/10/May/06 121.50 11571.83 0% 0%
Thu/11/May/06 118.25 11531.37 -3% 0%
Fri/12/May/06 118.85 11511.54 1% 0%
Mon/15/May/06 116.25 11096.86 -2% -4%
Tue/16/May/06 110.45 10706.96 -5% -4%
Wed/17/May/06 112.05 11094.41 1% 4%
Thu/18/May/06 117.65 10687.88 5% -4%
Fri/19/May/06 112.00 10861.31 -5% 2%
Mon/22/May/06 112.90 10930.55 1% 1%
Tue/23/May/06 118.05 10932.58 5% 0%
Wed/24/May/06 116.25 11116.88 -2% 2%
Thu/25/May/06 116.55 11018.85 0% -1%
Fri/26/May/06 113.70 10660.39 -2% -3%
Mon/29/May/06 108.20 10247.60 -5% -4%
Tue/30/May/06 102.80 10118.73 -5% -1%
Wed/31/May/06 103.00 9800.69 0% -3%
Thu/01/Jun/06 98.50 10183.77 -4% 4%
Fri/02/Jun/06 103.40 10346.23 5% 2%
Mon/05/Jun/06 104.00 10373.86 1% 0%
Tue/06/Jun/06 105.00 10531.86 1% 2%
Wed/07/Jun/06 110.25 10202.36 5% -3%
Thu/08/Jun/06 105.35 9775.04 -4% -4%
Fri/09/Jun/06 100.10 9849.83 -5% 1%
Mon/12/Jun/06 102.00 9732.86 2% -1%
Tue/13/Jun/06 98.10 9314.91 -4% -4%
Wed/14/Jun/06 93.20 8766.98 -5% -6%
Thu/15/Jun/06 83.90 9177.46 -10% 5%
Fri/16/Jun/06 88.05 9607.11 5% 5%
Mon/19/Jun/06 92.45 9943.83 5% 4%
Tue/20/Jun/06 97.05 10105.17 5% 2%
Wed/21/Jun/06 101.90 10103.31 5% 0%
Thu/22/Jun/06 106.95 10171.00 5% 1%
Fri/23/Jun/06 110.50 9807.53 3% -4%
Mon/26/Jun/06 105.00 9404.70 -5% -4%
Tue/27/Jun/06 99.75 9041.62 -5% -4%
Wed/28/Jun/06 94.80 9434.15 -5% 4%
Thu/29/Jun/06 99.50 9841.43 5% 4%
Fri/30/Jun/06 104.45 9989.41 5% 2%
Mon/03/Jul/06 103.55 9603.65 -1% -4%
Tue/04/Jul/06 98.40 9829.40 -5% 2%
Wed/05/Jul/06 100.70 9936.33 2% 1%
Thu/06/Jul/06 104.40 9916.08 4% 0%
Fri/07/Jul/06 109.60 9836.04 5% -1%
Mon/10/Jul/06 107.00 9504.47 -2% -3%
Tue/11/Jul/06 101.70 9655.93 -5% 2%
Wed/12/Jul/06 103.75 9920.66 2% 3%
Thu/13/Jul/06 108.90 10014.88 5% 1%
Fri/14/Jul/06 110.20 10027.09 1% 0%
Mon/17/Jul/06 108.50 9947.80 -2% -1%
Tue/18/Jul/06 109.00 10191.84 0% 2%
Wed/19/Jul/06 108.30 10198.78 -1% 0%
Thu/20/Jul/06 109.50 10198.32 1% 0%
Fri/21/Jul/06 110.95 10257.63 1% 1%
Mon/24/Jul/06 109.10 10350.63 -2% 1%
Tue/25/Jul/06 110.50 10401.13 1% 0%
Wed/26/Jul/06 110.50 10343.67 0% -1%
Thu/27/Jul/06 111.90 10430.73 1% 1%
Fri/28/Jul/06 111.95 10353.52 0% -1%
Mon/31/Jul/06 108.10 10497.63 -3% 1%
Tue/01/Aug/06 107.25 10507.09 -1% 0%
Wed/02/Aug/06 109.00 10558.32 2% 0%
Thu/03/Aug/06 108.50 10667.49 0% 1%
Fri/04/Aug/06 109.50 10772.58 1% 1%
Mon/07/Aug/06 108.65 10846.74 -1% 1%
Tue/08/Aug/06 111.50 10828.39 3% 0%
Wed/09/Aug/06 109.50 10655.54 -2% -2%
Thu/10/Aug/06 107.45 10525.09 -2% -1%
Fri/11/Aug/06 105.90 10406.40 -1% -1%
Tue/15/Aug/06 104.40 10317.41 -1% -1%
Wed/16/Aug/06 103.50 10576.71 -1% 3%
Thu/17/Aug/06 107.25 10557.25 4% 0%
Fri/18/Aug/06 106.10 10481.64 -1% -1%
Mon/21/Aug/06 108.00 10220.71 2% -2%
Tue/22/Aug/06 107.85 10244.69 0% 0%
Wed/23/Aug/06 104.20 9955.23 -3% -3%
Thu/24/Aug/06 104.25 9584.79 0% -4%
Fri/25/Aug/06 99.80 9876.51 -4% 3%
Mon/28/Aug/06 94.85 9942.87 -5% 1%
Tue/29/Aug/06 97.70 10086.15 3% 1%
Wed/30/Aug/06 96.90 10064.13 -1% 0%
Thu/31/Aug/06 98.10 10170.97 1% 1%
Fri/01/Sep/06 97.85 10125.91 0% 0%
Mon/04/Sep/06 98.95 10001.79 1% -1%
Tue/05/Sep/06 103.50 10068.70 5% 1%
Wed/06/Sep/06 103.40 9927.10 0% -1%
Thu/07/Sep/06 104.20 9965.21 1% 0%
Fri/08/Sep/06 100.40 9892.77 -4% -1%
Mon/11/Sep/06 100.85 10157.17 0% 3%
Tue/12/Sep/06 97.90 9988.63 -3% -2%
Wed/13/Sep/06 99.70 10028.50 2% 0%
Thu/14/Sep/06 98.20 9984.57 -2% 0%
Fri/15/Sep/06 97.00 9876.40 -1% -1%
Mon/18/Sep/06 94.90 9908.85 -2% 0%
Tue/19/Sep/06 92.50 10032.57 -3% 1%
Wed/20/Sep/06 92.35 10155.10 0% 1%
Thu/21/Sep/06 93.75 10306.75 2% 1%
Fri/22/Sep/06 94.90 10252.15 1% -1%
Mon/25/Sep/06 95.25 10305.43 0% 1%
Tue/26/Sep/06 93.25 10386.52 -2% 1%
Wed/27/Sep/06 94.00 10528.69 1% 1%
Thu/28/Sep/06 94.40 10512.48 0% 0%
Fri/29/Sep/06 99.10 10616.24 5% 1%
Mon/02/Oct/06 100.80 10592.72 2% 0%
Tue/03/Oct/06 101.00 10743.55 0% 1%
Wed/04/Oct/06 103.40 10855.82 2% 1%
Thu/05/Oct/06 103.40 10926.91 0% 1%
Fri/06/Oct/06 103.50 10942.75 0% 0%
Mon/09/Oct/06 105.15 10959.71 2% 0%
Tue/10/Oct/06 106.30 10886.42 1% -1%
Wed/11/Oct/06 105.00 10880.29 -1% 0%
Thu/12/Oct/06 102.60 10924.55 -2% 0%
Fri/13/Oct/06 102.85 10909.31 0% 0%
Mon/16/Oct/06 101.50 11167.04 -1% 2%
Tue/17/Oct/06 103.00 11399.83 1% 2%
Wed/18/Oct/06 104.00 11566.80 1% 1%
Thu/19/Oct/06 104.75 11528.27 1% 0%
Mon/30/Oct/06 104.20 11327.71 -1% -2%
Tue/31/Oct/06 99.00 11010.59 -5% -3%
Wed/01/Nov/06 94.15 10945.35 -5% -1%
Thu/02/Nov/06 89.45 11246.71 -5% 3%
Fri/03/Nov/06 90.00 11012.40 1% -2%
Mon/06/Nov/06 90.80 11017.51 1% 0%
Tue/07/Nov/06 87.25 10973.08 -4% 0%
Wed/08/Nov/06 83.50 10739.45 -4% -2%
Fri/10/Nov/06 85.25 10743.84 2% 0%
Mon/13/Nov/06 81.10 10869.32 -5% 1%
Tue/14/Nov/06 77.50 10811.86 -4% -1%
Wed/15/Nov/06 78.05 10850.04 1% 0%
Thu/16/Nov/06 76.35 10705.87 -2% -1%
Fri/17/Nov/06 74.30 10430.66 -3% -3%
Mon/20/Nov/06 73.75 10622.55 -1% 2%
Tue/21/Nov/06 71.00 10646.26 -4% 0%
Wed/22/Nov/06 71.05 10867.11 0% 2%
Thu/23/Nov/06 71.75 10870.90 1% 0%
Fri/24/Nov/06 72.85 10750.41 2% -1%
Mon/27/Nov/06 73.85 10762.16 1% 0%
Tue/28/Nov/06 73.00 10594.57 -1% -2%
Wed/29/Nov/06 72.20 10618.75 -1% 0%
Thu/30/Nov/06 72.05 10388.19 0% -2%
Fri/01/Dec/06 71.05 10416.00 -1% 0%
Mon/04/Dec/06 74.25 10550.16 5% 1%
Tue/05/Dec/06 77.95 10677.38 5% 1%
Wed/06/Dec/06 78.75 10642.68 1% 0%
Thu/07/Dec/06 77.10 10561.97 -2% -1%
Fri/08/Dec/06 73.90 10584.48 -4% 0%
Mon/11/Dec/06 73.75 10644.36 0% 1%
Tue/12/Dec/06 73.60 10587.09 0% -1%
Wed/13/Dec/06 72.00 10604.44 -2% 0%
Thu/14/Dec/06 71.95 10551.87 0% 0%
Fri/15/Dec/06 71.40 10341.41 -1% -2%
Mon/18/Dec/06 71.00 10055.65 -1% -3%
Tue/19/Dec/06 67.45 10182.33 -5% 1%
Wed/20/Dec/06 64.10 9923.11 -5% -3%
Thu/21/Dec/06 65.15 9893.99 2% 0%
Fri/22/Dec/06 61.90 10025.34 -5% 1%
Tue/26/Dec/06 58.85 10031.46 -5% 0%
Wed/27/Dec/06 58.50 10058.46 -1% 0%
Thu/28/Dec/06 59.35 10040.50 1% 0%
Fri/29/Dec/06 60.85 10066.32 3% 0%
Wed/03/Jan/07 59.90 10184.52 -2% 1%
Thu/04/Jan/07 60.00 10147.36 0% 0%
Fri/05/Jan/07 58.00 10235.96 -3% 1%
Mon/08/Jan/07 58.90 10405.21 2% 2%
Tue/09/Jan/07 59.10 10374.36 0% 0%
Wed/10/Jan/07 60.00 10359.06 2% 0%
Thu/11/Jan/07 63.00 10425.46 5% 1%
Fri/12/Jan/07 62.25 10507.52 -1% 1%
Mon/15/Jan/07 62.80 10590.59 1% 1%
Tue/16/Jan/07 65.05 10617.11 4% 0%
Wed/17/Jan/07 64.25 10640.71 -1% 0%
Thu/18/Jan/07 64.00 10641.31 0% 0%
Fri/19/Jan/07 63.70 10705.87 0% 1%
Mon/22/Jan/07 63.60 10705.32 0% 0%
Tue/23/Jan/07 64.70 10856.74 2% 1%
Wed/24/Jan/07 64.15 11031.08 -1% 2%
Thu/25/Jan/07 64.30 11105.34 0% 1%
Fri/26/Jan/07 64.25 11272.33 0% 2%
Wed/31/Jan/07 65.40 11348.62 2% 1%
Thu/01/Feb/07 66.50 11589.64 2% 2%
Fri/02/Feb/07 66.50 11632.04 0% 0%
Tue/06/Feb/07 67.45 11728.08 1% 1%
Wed/07/Feb/07 70.80 11867.09 5% 1%
Thu/08/Feb/07 74.30 11844.65 5% 0%
Fri/09/Feb/07 75.85 11629.75 2% -2%
Mon/12/Feb/07 73.15 11643.53 -4% 0%
Tue/13/Feb/07 72.00 11454.76 -2% -2%
Wed/14/Feb/07 71.75 11467.96 0% 0%
Thu/15/Feb/07 68.20 11379.40 -5% -1%
Fri/16/Feb/07 65.10 11577.76 -5% 2%
Mon/19/Feb/07 65.25 11463.18 0% -1%
Tue/20/Feb/07 68.50 11520.62 5% 1%
Wed/21/Feb/07 69.15 11542.98 1% 0%
Thu/22/Feb/07 69.15 11607.84 0% 1%
Fri/23/Feb/07 69.00 11393.97 0% -2%
Mon/26/Feb/07 68.60 11376.12 -1% 0%
Tue/27/Feb/07 67.80 11179.97 -1% -2%
Wed/28/Feb/07 67.15 11207.79 -1% 0%
Thu/01/Mar/07 65.55 11133.35 -2% -1%
Fri/02/Mar/07 67.30 10899.71 3% -2%
Mon/05/Mar/07 67.60 10923.90 0% 0%
Tue/06/Mar/07 66.50 11146.27 -2% 2%
Wed/07/Mar/07 67.95 11283.87 2% 1%
Thu/08/Mar/07 71.30 11413.12 5% 1%
Fri/09/Mar/07 74.85 11407.87 5% 0%
Mon/12/Mar/07 76.45 11404.95 2% 0%
Tue/13/Mar/07 80.25 11276.66 5% -1%
Wed/14/Mar/07 79.70 11310.90 -1% 0%
Thu/15/Mar/07 78.60 11374.03 -1% 1%
Fri/16/Mar/07 78.80 11141.29 0% -2%
Mon/19/Mar/07 77.75 11331.35 -1% 2%
Tue/20/Mar/07 74.70 11296.62 -4% 0%
Wed/21/Mar/07 77.50 11294.98 4% 0%
Thu/22/Mar/07 78.50 11301.62 1% 0%
Mon/26/Mar/07 78.25 11328.47 0% 0%
Tue/27/Mar/07 79.60 11233.56 2% -1%
Wed/28/Mar/07 80.95 11221.51 2% 0%
Thu/29/Mar/07 79.20 11271.59 -2% 0%
Fri/30/Mar/07 79.55 11276.51 0% 0%
Mon/02/Apr/07 79.30 11432.74 0% 1%
Tue/03/Apr/07 79.65 11414.86 0% 0%
Wed/04/Apr/07 83.50 11596.08 5% 2%
Thu/05/Apr/07 86.70 11655.64 4% 1%
Fri/06/Apr/07 86.80 11676.59 0% 0%
Mon/09/Apr/07 91.10 11773.90 5% 1%
Tue/10/Apr/07 93.40 11894.96 3% 1%
Wed/11/Apr/07 92.60 11905.92 -1% 0%
Thu/12/Apr/07 95.60 11977.74 3% 1%
Fri/13/Apr/07 96.85 12004.59 1% 0%
Mon/16/Apr/07 97.50 12002.77 1% 0%
Tue/17/Apr/07 98.30 12189.29 1% 2%
Wed/18/Apr/07 98.85 12120.80 1% -1%
Thu/19/Apr/07 99.70 12091.53 1% 0%
Fri/20/Apr/07 98.40 12016.18 -1% -1%
Mon/23/Apr/07 101.20 12151.53 3% 1%
Tue/24/Apr/07 99.20 12166.03 -2% 0%
Wed/25/Apr/07 101.10 12208.87 2% 0%
Thu/26/Apr/07 100.35 12235.19 -1% 0%
Fri/27/Apr/07 104.75 12369.70 4% 1%
Mon/30/Apr/07 103.50 12433.22 -1% 1%
Wed/02/May/07 104.35 12430.16 1% 0%
Thu/03/May/07 104.00 12512.08 0% 1%
Fri/04/May/07 105.55 12079.75 1% -3%
Mon/07/May/07 106.80 12331.91 1% 2%
Tue/08/May/07 101.50 12393.28 -5% 0%
Wed/09/May/07 102.95 12346.89 1% 0%
Thu/10/May/07 102.50 12367.62 0% 0%
Fri/11/May/07 102.50 12343.58 0% 0%
Mon/14/May/07 102.00 12370.99 0% 0%
Tue/15/May/07 100.35 12258.85 -2% -1%
Wed/16/May/07 99.75 12250.75 -1% 0%
Thu/17/May/07 97.50 12340.42 -2% 1%
Fri/18/May/07 98.75 12283.23 1% 0%
Mon/21/May/07 99.35 12436.19 1% 1%
Tue/22/May/07 98.45 12496.17 -1% 0%
Wed/23/May/07 100.35 12663.41 2% 1%
Thu/24/May/07 100.85 12732.41 0% 1%
Fri/25/May/07 104.00 12831.09 3% 1%
Mon/28/May/07 103.00 12817.31 -1% 0%
Tue/29/May/07 108.15 12806.93 5% 0%
Wed/30/May/07 112.20 12961.26 4% 1%
Thu/31/May/07 108.85 12933.66 -3% 0%
Fri/01/Jun/07 110.15 12956.94 1% 0%
Mon/04/Jun/07 109.00 13166.77 -1% 2%
Tue/05/Jun/07 110.10 13212.05 1% 0%
Wed/06/Jun/07 113.25 13237.38 3% 0%
Thu/07/Jun/07 111.80 13274.87 -1% 0%
Fri/08/Jun/07 112.05 13268.28 0% 0%
Mon/11/Jun/07 113.40 13326.17 1% 0%
FY97 FY98 FY99 FY00 FY01 FY02 FY03
Industrial 1,971 2,015 2,095 2,218 2,184 2,285 2,412

Commercial 16,689 17,569 18,571 19,529 18,413 17,652 17,429
Domestic 1,254,369 1,352,763 1,429,453 1,507,322 1,548,783 1,592,036 1,648,874
1,273,029 1,372,347 1,450,119 1,529,069 1,569,380 1,611,973 1,668,715
4% 6% -2% 5% 6%
6% 5% -6% -4% -1%
6% 5% 3% 3% 4%
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
2,638 2,798 2,978 3,184 3,403 3,645 3,889 4,154 4,439

18,152 19,055 19,938 20,971 21,712 22,688 23,724 24,787 25,890
1,713,153 1,766,839 1,837,495 1,920,098 1,993,433 2,070,562 2,150,555 2,236,776 2,326,500
- - - - -
1,733,943 1,788,692 1,860,411 1,944,253 2,018,548 2,096,896 2,178,168 2,265,717 2,356,830
9% 6% 6% 7% 7% 7% 7% 7% 7%
4% 5% 5% 5% 4% 4% 5% 4% 4%
4% 3% 4% 4% 4% 4% 4% 4% 4%
5% 4% 4% 4% 4% 4%
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
4,745 5,071 5,417 5,788 6,185 6,609 7,062 7,546 8,063 8,616
27,005 28,209 29,465 30,770 32,130 33,548 35,036 36,588 38,207 39,898
2,417,571 2,512,666 2,611,825 2,715,331 2,822,688 2,933,965 3,049,791 3,170,276 3,295,548 3,425,695
- - - - - - - - - -
2,449,320 2,545,946 2,646,707 2,751,890 2,861,004 2,974,122 3,091,889 3,214,410 3,341,819 3,474,209
7% 7% 7% 7% 7% 7% 7% 7% 7% 7%
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
FY23 FY24 FY25
9,207 9,838 10,512

41,664 43,508 45,434
3,560,950 3,701,587 3,847,792
- - -
3,611,820 3,754,934 3,903,739
7% 7% 7%
4% 4% 4%
4% 4% 4%

SSGC Final Update

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SSGC Final Update

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EPS 2.16 1.49 1.51 1.33 0.43 0.

FY03 FY04 FY05 FY06 FY07 FY08

No. of shares 671

Long term investments

Surplus on remeasurement of available

Consumer financing growth 0% 18% 48% 9% 9%

Current portion as % of consumer financing 0% 26% 30% 25% 27% 28%

LONG TERM DEPOSITS

growth 22% 11% 11% 11% 11%

Contribution from customers

% growth -10% -10%

TRADE AND OTHER PAYABLES

Amount received from Government of

Workers' profit participation fund

Balance at 1 July 113 108 83 84 21 0

% growth -23% 1% 8% -22% -7%

INTEREST AND MARK-UP ACCRUED

% growth 40% 10%

CURRENT PORTION OF LONG TERM

Cost at 1 July - - - 91 130 175

Amortization rate 33% 33% 33% 33%

Addition 10% 10%

Long term loans and advances - secured,

Due from other employees 89 96 146 141 137 168

146 136 128 122 114 141

Growth -19% -85% -5% -36% -42%

Long term deposits

Growth 10% 9% -30% -4% -8%

Stores, spares and loose tools

Transmission 533 629 700 815 806 846

% growth 67% -25% 109% 21% 5%

% growth -1% 18% 11% 5% 5%

% growth 72% 12% 46% 12% 12%

Customers' installation work-in-progress 56 56 85 145 144 104

Movement of provision for doubtful

Loans and advances

Trade deposits and short term

Receivable from government of Pakistan

Sales tax 13% 13% 13% 12% 13% 13%

29% 37% 36% 48% 78% 54%

139% 143% 34% 50% 35% 40%

T&D as % of FA 19% 20% 22% 21% 18% 20.14%

Administrative costs as % of FA 11% 11% 6% 5% 3% 4.97%

Other charges as % of FA 148 211

Other income as % of FA 8% 10% 10% 13% 13% 12.99%

Staff retirement benifits

Fair value of plan assets

Movement in amount rceivable from /

Fair value -97% -45% -71% -58%

Opening asset / (liability)

Movement in amount rceivable from /

Fair value -98% -90% -94% -92%

Opening asset / (liability) -347% -143% -245% -194%

FY09 FY10 FY11 FY12

6,712 6,712 6,712 6,712

251 253 255 260

147 147 147 147

190 190 190 190

(0) (0) (0) (0)

100 100 100 100

210 220 240 250

225 230 235 250

27% 27% 27% 27%