Page 142 - Pakistan Oilfields Limited - Annual Report 2021
P. 142

NOTES TO AND FORMING


          PART OF THE FINANCIAL STATEMENTS

          FOR THE YEAR ENDED JUNE 30, 2021




           11.      CONTINGENCIES AND COMMITMENTS

           11.1     Contingencies:

                    There were no material contingencies as at June 30, 2021 (2020: Rs Nil).

           11.2     Commitments:
                                                                                  2021              2020
                                                                                       Rupees ('000)

                    Share in joint operations                                      7,059,703         9,412,940
                    Own fields                                                             -           297,558
                    Letter of credit issued by banks on behalf of the Company         95,164           199,199

           12.      PROPERTY, PLANT AND EQUIPMENT

                    Operating assets - note 12.1                                   6,129,343         7,056,837
                    Capital work in progress - note 12.5                             550,937           485,562
                                                                                   6,680,280         7,542,399






















































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