Financial analysis report ogdcl
First of all I have mentioned the brief introduction of OGDCL and descriptions of objectives; it will discuss the concept of organizational performance both in general especially with reference to OGDCL. Total non-current liabilities: PKR 45,, B. Indicators of Efficiency Financial Results Net Sales Rs in billion This increase was seen despite a decline in production and thus quantity sold of both crude oil and gas.
As per the requirements of IAS 37 and fourth schedule under section of Companiesthe provision for disputed tax issues should be recognized in the financial statement or it should be disclosed under the heading of contingencies and commitments.
Crude oil production from Company's own and operated JV fields decreased by 4.
Financial analysis report ogdcl
The production decline was partially offset by the increase in production from Kal, Rajian and commencement of production from Naspha. As on June , the Government of Pakistan holds At a few locations some rigs had to suspend routine operations due to heavy rains, flood waters and supplies were discontinued through roads to the sites, but OGDCL managed to minimize the effects of such a heavy natural calamity. Exploration and evaluation assets 5. In terms of the recent floods, OGDCL has managed to avoid any major loss to its equipment and work program that may have been caused. It is listed on all the three stock exchanges of the country as well as the London Stock Exchange. Crude oil production from Company's own and operated JV fields decreased by 4. Executive authority is vested in the Board of directors who are responsible for making major decisions and policies of the organization, they direct to Secretary of the company and Chief Staff officer for functional and operational processes of the company. OGDCL provides number of packages in order to hire best profile of professionals and as well as to motivate them in order to extract best from them. OGDCL has been a highly profitable entity since its creation. Raashid Bashir Mazari.
Upon observation of the balance sheet we see that the company currently has no long-term loans, and thus there exists no interest element in financial charges. The ratio has again dropped during FY10, from Out of which 09 are in Sindh and 01 in NWFP but the current progress in the company is Exploratory wells and appraisal and development wells were drilled and 97 Discoveries up to The documents and personnel file recording was basis on manual structure since its creation but In OGDCL purchased Oracle Application Software E-business suite in billion rupees, in which complete information of all personnel is stored and updated.
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Trade debts rose from Rs OGDCL has 75 oil and gas fields. Employees Satisfaction and morale 5 OGDCL has high caliber training facility structure in the form of OGTI in which employees are trained and their skills are developed by conducting training programs according to need assessment of their requires skills. During the fiscal year target of drilling is 52 wells. We would make request to company management to share the reasons of changes in board of directors Note There is always a risk of failure in drilling exploratory wells. As on June , the Government of Pakistan holds
Another indicator of the company is that enough physical facilities are provided to its employees in the H. PowerPoint platform. This growth in sales is due to increasing demand of oil.
Ogdcl financial statements 2017
Comparing asset management of OGDCL with that of PPL, we see a considerable difference in the performance of the two despite the similarity of operations. In FY07 and FY08 it again started to drop slightly as the net profit did not rise as much as the assets and equity, due to low increase in sales in FY07 and due to high taxes in FY Operating Leverage: OGDCL has high operating leverage as it has high total Fixed Expenditures as compare to variable expenditure, it gives a magnifying effect. In this paper I have analyzed the efficiency of organization through Profitability ratio calculation Profit minimization is most common objective of all organizations. As part of the company's strategy to expand and acquire new fields, cost incurred as Royalties have been high and are growing. Ton respectively during the last year. Power generation by IPPs in the country is a major source of energy. Muhammad Ejaz Chaudhry. OGDCL now holds the largest shares of oil and gas reserves in the country, i. Increasing levels of receivables are negatively impacting the company's financial position and are the direct result of the prevailing inter-corporate debt in the industry. Depletion of fields, drilling risks and environmental risks pose further challenges to the company. Employees Satisfaction and morale 5 OGDCL has high caliber training facility structure in the form of OGTI in which employees are trained and their skills are developed by conducting training programs according to need assessment of their requires skills. The Times Interest Earned ratio TIE plunged in FY07 on account of the unwinding of discount on provision for decommissioning cost, which took up the major chunk of finance costs. Crude oil production dropped by 7. The year was the company's first year of self-financing.
Taxation for the year increased by Therefore organizational performance could be measured on the basis when there is good fit between the organization and the demands of its environment and good fit between the organization and needs of individual contributors.
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