Page 156 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Note Rupees ('000)

27.1 Auditor's remuneration
Statutory audit 2,150 2,000
Review of half yearly accounts, audit of consolidated
accounts, staff funds, special certifications 2,111 1,992
Tax services 5,000 4,023
Out of pocket expenses 666 463
9,927 8,478

28. FINANCE COSTS - NET
Provision for decommissioning costs 9.2
- Unwinding of discount 1,123,961 1,594,927
- Exchange (gain) / loss (869,170) 611,283
Banks' commission and charges 4,812 5,407
259,603 2,211,617

29. OTHER CHARGES
Workers' Profit Participation Fund 1,169,110 1,102,265
Workers' Welfare Fund 376,213 280,702

1,545,323 1,382,967

30. OTHER INCOME - NET
Income from financial assets
Income on bank deposits and treasury bills 1,968,150 3,099,834
Exchange (loss)/gain on financial assets (1,244,935) 900,086
Dividend on investments classified as fair
value through profit or loss- note 30.1 730 36,820
Income from investments in subsidiary
and associated companies
Dividend from subsidiary and associated 58,138 118,025
companies - note 30.2

Income from assets other than financial assets
Rental income (net of related expenses Rs 104,532
thousand; 2020: Rs 116,329 thousand) 332,439 222,842
Crude oil transportation income 330,084 93,533
Gas processing fee 8,426 30,021
Gain on sale of property, plant and equipment 28,230 5,931
Gain on sale of stores and scrap 48,867 3,295
Fair value adjustment on investments classified as fair
value through profit or loss 30 48,026
Others 8,753 -
1,538,912 4,558,413

154 PAKISTAN OILFIELDS LIMITED