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PAKISTAN OILFIELDS LIMITED
157
2017
2016
Note
Rupees (‘000)
FIXED ASSETS
Property, plant and equipment
13
9,935,172
10,516,786
Development and decommissioning costs
14
13,372,854
14,584,913
Exploration and evaluation assets
15
1,884,356
900,813
Other intangible assets
16
283,363
71,941
25,475,745
26,074,453
LONG TERM INVESTMENTS IN
ASSOCIATED COMPANIES
17
17,044,413
14,017,705
OTHER LONG TERM INVESTMENTS
18
6,255
5,975
LONG TERM LOANS AND ADVANCES
19
17,639
12,852
CURRENT ASSETS
Stores and spares
20
3,898,248
4,236,489
Stock in trade
21
245,060
380,087
Trade debts
22
3,293,220
3,336,440
Advances, deposits, prepayments and
other receivables
23
1,325,306
1,477,912
Short term investments
24
-
130,139
Cash and bank balances
25
14,298,660
10,864,693
23,060,494
20,425,760
65,604,546
60,536,745
The annexed notes 1 to 49 form an integral part of these financial statements.
Shuaib A. Malik
Chief Executive
Abdus Sattar
Director
Khalid Nafees
Chief Financial Officer