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PAKISTAN OILFIELDS LIMITED
105
Balance Sheet
As at June 30, 2017
2017
2016
Note
Rupees (‘000)
FIXED ASSETS
Property, plant and equipment
12
9,854,534
10,421,400
Development and decommissioning costs
13
13,372,854
14,584,913
Exploration and evaluation assets
14
1,884,356
900,813
25,111,744
25,907,126
LONG TERM INVESTMENTS IN SUBSIDIARY
AND ASSOCIATED COMPANIES
15
9,615,603
9,615,603
OTHER LONG TERM INVESTMENTS
16
6,255
5,975
LONG TERM LOANS AND ADVANCES
17
17,639
12,852
CURRENT ASSETS
Stores and spares
18
3,897,472
4,236,485
Stock in trade
19
221,893
375,521
Trade debts
20
3,292,966
3,335,961
Advances, deposits, prepayments and
other receivables
21
1,306,481
1,463,932
Cash and bank balances
22
14,181,528
10,763,801
22,900,340
20,175,700
57,651,581
55,717,256
The annexed notes 1 to 43 form an integral part of these financial statements.
Shuaib A. Malik
Chief Executive
Abdus Sattar
Director
Khalid Nafees
Chief Financial Officer