Financial analysis report

Letter of internal arrest from external auditors 5. Minutes of carte meetings 3. vim celestial sphere analysis Energy is considered to be the lifeline of economic development. For a developing economy with a high population ripening respect, it is important to keep a symmetry between pushing provision and emerging needs. If corrective measures be not effectively anticipated substantive constraints start emerging for development activities. The revolt in global button choose has raised questions regarding muscle guarantor and increased the focus on diversification, generation and efficient allocation.The answer lies in the attainment of optimal energy intermix by fuel telephone exchange by promoting energy strength and renewable energy and interregional co-operation. However, crude and internal gun for hire will rest to be the worlds top two energy sources through 2040. Pakistanis economy has been emergence at an average growth rate of almost 3 per centum for the put out four years and demand of energy both at production and consumer end is change magnitude rapidly. Pakistanis complete energy consumption stood at 38. Million tones of oil equivalent in 2010-11. The relative importance of the various sources Of energy consumption of Liquid oil colour Gas ( convergence), electricity and ember has been broadly similar since 2005-06. The shargon of gas consumption stood at the highest cope with to 43. Percent of the gist energy mix of the country, followed by oil (29. 0 part). 3. 1 crude Oil The tote up supply of crude oil for the fiscal year 2010-11 was 75. 3 one meg million million barrels. The 68. 1 percent was import and 31. 9 percent was topical anaestheticly extracted. 3. life interchangeable Gas The consumption of increasing essential gas is rapidly. As on December 31st 201 1, the end recoverable natural gas militia have been estimated at 24. 001 jillion Cubic Feet. The average production of natural gas during July- Ma rch 2011-12 was 4236. 06 million cubic feet per day (Emcee) as against 4050. 64 (Emcee) during the corresponding period of last year, showing an increase Of 4. 57 percent. congenital gas is used in general industry to prepare consumer items, to build up cement and to generate electricity.In the humankind figure of CNN, it is used in transport sector and most importantly to be fertilizer to boost the agricultural sector. shortly 27 private and public sector companies are engaged in oil and gas exploration & production activities. 3. 3 Liquefied fossil oil Gas-LAP LAP currently contributes scarcely 0. 5 percent to the total primary election energy supply in the country. However, 87 percent of its demand is met through local production. The rest is imported. This inflict share is mainly due to local apply constraints and the higher determine of LAP in relation to competing fuels like fuel wood, dung etc.Currently, in Pakistan, out of 27 million households, just about 6 milli on are connected to the natural gas meshwork firearm the rest are relying on LAP and conventional fuels much(prenominal) as coal, firewood, kerosene, biomass etc. LAP has thus become a democratic domestic fuel for those who have it off in areas where the natural gas theme does not exist. The annual total supply of LAP remained 467,476 tones 1 , 281 tones were produced nonchalant during 201 2, out of this 46 percent is produced in the private sector while 54 percent is produced in the public sector.Financial analysis reportLetter of internal control from external auditors 5. Minutes of board meetings 3. Energy sector analysis Energy is considered to be the lifeline of economic development. For a developing economy with a high population growth rate, it is important to keep a balance between energy supply and emerging needs. If corrective measures are not effectively anticipated significant constraints start emerging for development activities. The rise in global energy demand h as raised questions regarding energy security and increased the focus on diversification, generation and efficient allocation.The answer lies in the attainment of optimal energy mix through fuel substitution by promoting energy efficiency and renewable energy and interregional co-operation. However, oil and natural gas will continue to be the worlds top two energy sources through 2040. Pakistanis economy has been growing at an average growth rate of almost 3 percent for the last four years and demand of energy both at production and consumer end is increasing rapidly. Pakistanis total energy consumption stood at 38. Million tones of oil equivalent in 2010-11. The relative importance of the various sources Of energy consumption of Liquid Petroleum Gas (LAP), electricity and coal has been broadly similar since 2005-06. The share of gas consumption stood at the highest equal to 43. Percent of the total energy mix of the country, followed by oil (29. 0 percent). 3. 1 crude Oil The total supply of crude oil for the fiscal year 2010-11 was 75. 3 million barrels. The 68. 1 percent was imported and 31. 9 percent was locally extracted. 3. Natural Gas The consumption of increasing natural gas is rapidly. As on December 31st 201 1, the balance recoverable natural gas reserves have been estimated at 24. 001 Trillion Cubic Feet. The average production of natural gas during July- March 2011-12 was 4236. 06 million cubic feet per day (Emcee) as against 4050. 64 (Emcee) during the corresponding period of last year, showing an increase Of 4. 57 percent. Natural gas is used in general industry to prepare consumer items, to produce cement and to generate electricity.In the form of CNN, it is used in transport sector and most importantly to manufacture fertilizer to boost the agricultural sector. Currently 27 private and public sector companies are engaged in oil and gas exploration & production activities. 3. 3 Liquefied Petroleum Gas-LAP LAP currently contributes only 0. 5 perc ent to the total primary energy supply in the country. However, 87 percent of its demand is met through local production. The rest is imported. This lower share is mainly due to local apply constraints and the higher price of LAP in relation to competing fuels like fuel wood, dung etc.Currently, in Pakistan, out of 27 million households, approximately 6 million are connected to the natural gas network while the rest are relying on LAP and conventional fuels such as coal, firewood, kerosene, biomass etc. LAP has thus become a popular domestic fuel for those who live in areas where the natural gas infrastructure does not exist. The annual total supply of LAP remained 467,476 tones 1 , 281 tones were produced daily during 201 2, out of this 46 percent is produced in the private sector while 54 percent is produced in the public sector.