Page 22 - Condensed Interim Financial Statements - For Nine Months Ended March 31, 2022

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the nine months ended March 31, 2022

Three months ended Nine months ended
Mar. 31, 2022 Mar. 31, 2021 Mar. 31, 2022 Mar. 31, 2021
Rupees ('000)
17. Operating costs
Operating Cost - Own fields 265,262 335,171 829,131 772,150
- Share in joint operations 900,833 798,994 2,499,211 2,460,016
Well workover 125,088 88,665 182,686 71,312
POLGAS-Cost of LPG, Carriage etc. 739,943 728,771 1,967,718 1,844,899
Pumping and transportation cost 24,185 102,727 60,297 129,584
Depreciation 362,219 405,126 1,093,392 1,104,402
2,417,530 2,459,454 6,632,435 6,382,363
Opening stock of crude oil and
other products 300,165 280,357 277,531 399,205
Closing stock of crude oil and
other products (315,073) (301,393) (315,073) (301,393)
2,402,622 2,438,418 6,594,893 6,480,175
18. Amortization of development and
decommissioning costs
Amortization for the year - note 9 722,897 577,223 2,314,144 1,818,463
Revision in estimates of provision
for in excess of related assets
credited to statement of profit or loss (133,761) - (323,913) -
589,136 577,223 1,990,231 1,818,463
19. Exploration costs
Geological & geophysical cost 127,386 71,752 685,904 180,983

20. Finance costs - net
Provision for decommissioning cost
- Unwinding of discount 314,588 278,145 943,764 834,434
- Exchange loss / (gain) 471,366 (598,853) 2,235,622 ( 1,260,088)
Banks' commission and charges 2,091 1,193 5,807 3,703
788,045 (319,515) 3,185,193 (421,951)

21. Other charges
Workers' profit participation fund 452,358 312,261 1,152,735 893,618
Workers' welfare fund 140,779 108,970 396,080 274,345
593,137 421,231 1,548,815 1,167,963

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