Pakistan Oxygen : Transmission of Annual Report for the Year Ended December 31, 2022
April 04, 2023 at 03:07 am EDT
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ANNUAL REPORT
2022
ABOUT US
Pakistan Oxygen is a market leader in industrial and medical gases, medical engineering and pipeline design services, medical equipment, and welding products along with associated solutions. The Company has a 87 years' legacy of trust, quality, and reliability.
To accelerate growth, the Company's Board of Directors has approved significant capital investments in new plants and machinery. This is testament to our commitment towards expanding our production capabilities and footprint across the country. New projects nearing commissioning include Pakistan's largest and most advanced Air Separation Unit at Karachi. Work on the Company's fifth Air Separation Unit has also commenced in the KPK province. With these expansions, the Company is poised to more than double its production capacity of industrial and medical gases. A new state-of-the-art electrodes manufacturing plant has been commissioned. These enhanced manufacturing capabilities will help us fulfill our promise of reliable supply of high quality products and services to our customers.
The talented pool of people working at Pakistan Oxygen is its greatest asset. Dedicated professionals work round-the-clock to enhance customer's value-chains, exploring ideas and new gas applications to support customer's growth and efficiency ambitions. Banking on the strength and resilience of our people and growing infrastructure, we are poised for unprecedented growth because we are "A Company Moving Forward".
CONTENTS
GUIDING PRINCIPLES
Statement of Changes in Equity
70
Company's Legacy
06
Notes to the Financial Statements
7 1
Principles
07
BOC Pakistan (Private) Limited
103
PRODUCT AND SERVICES INFORMATION
ADDITIONAL INFORMATION
Supporting the Growth of Industries
08
Shareholders' Information (English)
104
Quality Products
08
Shareholders' Information (Urdu)
105
Safety
08
Pattern of Shareholding
106
A Legacy of Trust
1 0
Categories of Shareholders
107
Services
1 0
Notice of AGM (English)
108
One Company Countless Solutions
1 2
Notice of AGM (Urdu)
114
Sustainability at Pakistan Oxygen
1 4
Ballot Paper (English)
Products and Services
1 8
Ballot Paper (Urdu)
Form of Proxy (English)
CORPORATE GOVERNANCE
Form of Proxy (Urdu)
Company Information
20
Profile of the Directors
22
Chairman's Review Report (English)
28
Chairman's Review Report (Urdu)
31
Directors' Report (English)
32
Directors' Report (Urdu)
42
Management Team
43
Corporate Governance
44
Statement of Compliance with the Code of
Corporate Governance
5 1
Review Report to the Members on Statement
of Compliance
53
FINANCIAL HIGHLIGHTS
Ten-year Financial Review
54
Vertical and Horizontal Analysis
56
Key Financial Data
58
Statement of Value Added
59
FINANCIAL STATEMENTS
Auditors' Report
60
Statement of Profit or Loss
66
Statement of Comprehensive Income
67
Statement of Financial Position
68
Statement of Cash Flows
69
02 Pakistan Oxygen Annual Report 2022
FINANCIAL HIGHLIGHTS
(Rupees in '000)
2022
2021
Net sales
7,296,365
7,005,454
Cost of sales
(5,971,915)
(5,645,005)
Gross profit
1,324,450
1,360,449
Distribution and marketing expenses
(329,041)
(302,261)
Administrative expenses
(295,854)
(265,258)
Other operating expenses
(59,811)
(76,167)
(684,706)
(643,686)
Operating profit before other income
639,744
716,763
Other income
44,708
36,059
Operating profit
684,452
752,822
Finance cost
(209,043)
(119,317)
Profit before taxation
475,409
633,505
Taxation
(55,359)
(182,401)
Profit for the year
420,050
451,104
(Restated)
Earnings per share - basic and diluted (Rupees)
7.17
7.70
Total Number of employees at year end
144
151
Pakistan Oxygen Annual Report 2022 03
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Linde Pakistan Ltd. published this content on 04 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2023 07:06:06 UTC.
Pakistan Oxygen Limited is a Pakistan-based company, which is engaged in the manufacturing of industrial and medical gases, welding electrodes and marketing of medical equipment. The Companyâs segments include Industrial, medical and other gases, and Welding and others. Industrial, medical and other gases segment cover business with large-scale industrial customers, typically in the oil, chemical, food and beverage, metals, and glass sectors and medical customers in healthcare sector. It also covers the supply of associated medical equipment and related services. Welding and others segment covers sale of welding electrodes, packaged chemicals and a range of associated equipment, such as, cutting and welding products and associated safety equipment. It offers a range of products which include gases, such as oxygen, nitrogen, argon, acetylene, hydrogen and carbon dioxide, along with welding electrodes, and medical equipment to serve a range of industrial and healthcare customers.
PAKISTAN OXYGEN LIMITED 
