Page 209 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

13.1 Operating assets
Freehold Buildings Pipelines Plant and machinery Gas Motor Chattels Computer and Total
land and pumps Field plants Rigs cylinders vehicles software
development
Rupees ('000)
As at July 1, 2019
Cost 29,830 536,233 2,421,162 15,525,416 738,505 956,888 585,303 174,582 487,042 21,454,961
Accumulated depreciation - (254,220) (1,386,016) (9,651,487) (549,123) (712,765) (512,850) (128,617) (455,009) (13,650,087)

Net book value 29,830 282,013 1,035,146 5,873,929 189,382 244,123 72,453 45,965 32,033 7,804,874
Year ended June 30, 2020

Opening net book value 29,830 282,013 1,035,146 5,873,929 189,382 244,123 72,453 45,965 32,033 7,804,874
Additions 418 11,418 58,463 613,215 9,861 7,645 34,075 11,269 65,233 811,597
Disposals/deletions
Cost - (117) (6,932) (14,985) (3,565) (6,301) (1,681) (1,328) (11,180) (46,089)
Depreciation - 51 6,521 14,139 3,565 6,301 1,681 1,301 11,107 44,666
- (66) (411) (846) - - - (27) (73) (1,423)
Depreciation charge - (23,041) (191,500) (1,133,700) (41,302) (44,406) (29,762) (12,172) (32,679) (1,508,562)
Closing net book value 30,248 270,324 901,698 5,352,598 157,941 207,362 76,766 45,035 64,514 7,106,486
As at July 1, 2020

Cost 30,248 547,534 2,472,693 16,123,646 744,801 958,232 617,697 184,523 541,095 22,220,469
Accumulated depreciation - (277,210) (1,570,995) (10,771,048) (586,860) (750,870) (540,931) (139,488) (476,581) (15,113,983)
Net book value 30,248 270,324 901,698 5,352,598 157,941 207,362 76,766 45,035 64,514 7,106,486

Year ended June 30, 2021
Opening net book value 30,248 270,324 901,698 5,352,598 157,941 207,362 76,766 45,035 64,514 7,106,486
Additions - 5,289 78,375 264,224 67,464 12,985 35,097 9,082 70,187 542,703
Disposals/deletions
Cost - (1,608) (4,756) (15,771) (6,753) (6,069) (9,646) (628) (27,647) (72,878)
Depreciation - 455 4,724 14,461 6,672 6,069 9,099 613 27,640 69,733
- (1,153) (32) (1,310) (81) - (547) (15) (7) (3,145)

Depreciation charge - (21,363) (186,692) (1,099,614) (41,641) (49,588) (29,258) (11,489) (36,320) (1,475,965)
Closing net book value 30,248 253,097 793,349 4,515,898 183,683 170,759 82,058 42,613 98,374 6,170,079
As at June 30, 2021
Cost 30,248 551,215 2,546,312 16,372,099 805,512 965,148 643,148 192,977 583,635 22,690,294
Accumulated depreciation - (298,118) (1,752,963) (11,856,201) (621,829) (794,389) (561,090) (150,364) (485,261) (16,520,215)
Net book value 30,248 253,097 793,349 4,515,898 183,683 170,759 82,058 42,613 98,374 6,170,079
Annual rate of
Depreciation (%) - 5 10 10 10 10 20 12.5-20 25

ANNUAL REPORT 2021 207