Pakgen Power : Holding of Corporate Briefing Session (CBS) Pakgen Power Limited

SECY/

May 19, 2023

The General Manager,

Pakistan Stock Exchange Ltd (PSX),

Stock Exchange Building,

Stock Exchange Road,

KARACHI.

SUB:	Holding of Corporate Briefing Session (CBS)
	Pakgen Power Limited

Dear Sir,

With reference to your letter dated May 16, 2023, we are pleased to attached Presentation to be presented in CBS of Pakgen Power Limited scheduled on Wednesday, May 24, 2023 at 3:45 p.m. at LSEFSL's Auditorium, LSE Plaza, 19 Khayaban-e-Aiwan-e-Iqbal, Lahore.

Also please find hereunder Zoom Link for Investors, Analysts and Shareholders who desirous to attend CBS virtually

https://us02web.zoom.us/j/83460958132?pwd=NkkwMlhyQWJQODRCNFFwTlZlYWp4

Zz09

Meeting ID: 834 6095 8132

Passcode: 041607

We request you to kindly condone the overlooking of above information required to be sent along with announcement.

Thanking you,

Khalid Mahmood Chohan

Company Secretary

PAKGEN POWER LIMITED

Corporate Briefing Session

on Annual Audited Accounts

for the Financial Year ended December 31, 2022

Company Brief

• Located at Mehmood Kot, Muzaffargarh Punjab
• Gross capacity: 365 MW
• Net/ Dependable Capacity: 350 MW
• Technology: Oil-Fired Steam Turbine
• Established under the "Power Policy 1994"
• Incorporated in year 1995
• Commissioning Date: February 1, 1998
• Shares listed in year 2011

Statement of Financial Position As at December 31, 2022

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorized share capital 400,000,000 (2021: 400,000,000) ordinary shares of Rupees 10 each

Issued, subscribed and paid-up share capital Capital reserve

Revenue reserve - un-appropriated profit

Total equity

LIABILITIES

NON-CURRENT LIABILITIES

Long term financing Employee benefit - gratuity Deferred income - Government grant

CURRENT LIABILITIES

Trade and other payables Accrued mark-up / profit Short term borrowings

Current portion of non-current liabilities Unclaimed dividend

Total liabilities

TOTAL EQUITY AND LIABILITIES

2022

2021

(Rupees in thousand)

4,000,000 4,000,000

3,720,816 3,720,816

116,959 116,959

21,311,654 18,726,612

25,149,429 22,564,387

-		-
4,574		2,267
-		-
4,574	2,267

613,121 2,978,920

34,07820,042

697,3037,336

-49,943

7,8528,019

1,352,354 3,064,260

1,356,928 3,066,527

26,506,357 25,630,914

ASSETS

NON-CURRENT ASSETS

Fixed assets

Long term investment

Long term loans to employees

Long term security deposits

CURRENT ASSETS

Stores, spare parts and other consumables Fuel stock

Trade debts

Short term investment

Loans, advances and short term prepayments Loan to associated company

Other receivables Advance income tax Accrued interest Sales tax recoverable Cash and bank balances

TOTAL ASSETS

2022		2021
(Rupees in thousand)
4,498,749	5,268,482
-	-
20,322	23,299
1,774		300
4,520,845	5,292,081

761,789		737,817
2,855,639		3,056,712
14,717,477		6,852,294
5,116		-
784,486		47,301
-		350,000
439,439		440,921
282,864		249,321
-		7,175
2,132,720		1,626,330
5,982		6,970,962
21,985,512	20,338,833

26,506,357 25,630,914

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE

INCOME FOR THE YEAR ENDED DECEMBER 31, 2022

REVENUE FROM CONTRACT WITH CUSTOMER

COST OF SALES

GROSS PROFIT

ADMINISTRATIVE EXPENSES

OTHER EXPENSES

OTHER INCOME

PROFIT FROM OPERATIONS

FINANCE COST

PROFIT BEFORE TAXATION TAXATION

PROFIT AFTER TAXATION

OTHER COMPREHENSIVE INCOME / (LOSS):

ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR LOSS: REMEASUREMENTS OF DEFINED BENEFIT PLAN

ITEMS THAT MAY BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS

TOTAL COMPREHENSIVE INCOME FOR THE YEAR EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)

2022		2021
(Rupees in thousand)
45,833,179	19,900,766
(42,359,309)		(18,236,639)
3,473,870	1,664,127
(260,865)	(228,689)
(4,943)	(136,274)
202,302		75,267
3,410,364	1,374,431
(274,130)		(325,087)
3,136,234	1,049,344
-		-
3,136,234	1,049,344

6,931		(3,114)
-		-
6,931	(3,114)
3,143,165	1,046,230
8.43	2.82