Page 19 - Condensed Interim Financial Statements - September 2023

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the three months ended September 30, 2023

6. Trade and other payables

These include balance due to joint venture partners amounting to Rs 2,733,043 thousand
(June 30, 2023: Rs 2,580,128 thousand) and balances due to related parties amounting to
Rs 869,832 thousand (June 30, 2023: Rs 2,073,676 thousand).

7. Contingencies and commitments

Contingencies:
7.1 There were no material contingencies at September 30, 2023 (June 30, 2023: Nil).

Unaudited Audited
Sep 30, 2023 Jun 30, 2023
Rupees ('000)
7.2 Commitments:

Share in joint operations 14,818,286 15,026,127
Own fields 4,460,678 4,586,947
Letter of credit issued by banks on behalf
of the Company 776,663 818,030

8. Property, plant and equipment
Opening net book value 5,417,443 6,219,771
Additions during the period / year 65,911 830,624
Disposals during the period / year - (7,854)
Transfer to store - (19,248)
Depreciation for the period / year (388,398) (1,605,580)
Closing net book value 5,094,956 5,417,443
Capital work in progress - at cost 551,852 485,349
5,646,808 5,902,792

9. Development and decommissioning costs
Development cost
Opening net book value 7,559,182 9,801,407
Additions during the period / year 360,613 1,201,829
Revision due to change in estimates (322,465) (969,945)
Amortisation for the period / year (714,163) (2,474,109)
Closing book value 6,883,167 7,559,182
Decommissioning cost
Opening net book value 266,267 407,719
Additions during the period / year - 132,309
Revision due to change in estimates 429,263 (185,528)
Amortisation for the period / year (63,927) (88,233)
Closing book value 631,603 266,267
7,514,770 7,825,449

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