Page 36 - Condensed Interim Financial Statements - For Nine Months Ended March 31, 2022

Notes to and forming part of the Condensed Interim
Consolidated Financial Statements (Unaudited)
For the nine months ended March 31, 2022
These also include payments received from a customer on account of additional revenue
and related sales tax due to enhanced gas price incentive of Rs 21,294,475 thousand (June
30, 2021: Rs 18,949,452 thousand) as explained in note 18.1.
9. Contingencies and commitments

9.1 There were no material contegencies at March 31, 2022 (June 30, 2021: Nil).
(Unaudited) (Audited)

Mar. 31, 2022 Jun. 30, 2021

Rupees ('000)

9.2 Commitments:
- Share in Joint Operations 9,278,250 7,059,703
- Letter of credit issued by banks on
behalf of the company 1,571,610 95,164
10. Property, plant and equipment
Operating assets
Opening net book value 6,170,079 7,106,486
Additions during the period/year 236,198 542,703
Disposals during the period/year (759) (3,145)
Depreciation for the period/year (1,100,281) (1,475,965)
Closing net book value 5,305,237 6,170,079
Capital work in progress - at cost 953,289 552,063
6,258,527 6,722,142
11. Development and decommissioning costs
Development cost
Opening net book value 12,922,884 11,857,324
Additions during the period/year 58,826 831,510
Revision due to change in estimates (67,041) (43,667)
Well cost transferred from exploration and
evaluation assets - 2,555,371
Amortization for the period/year (2,253,975) (2,277,654)
Closing net book value 10,660,694 12,922,884
Decommissioning cost
Opening net book value 749,791 498,293
Additions during the period/year 12,116 335,429
Revision due to change in estimates (289,171) 82,241
Amortization for the period/year (60,169) (166,172)
Closing net book value 412,567 749,791
11,073,261 13,672,675

34