Page 213 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Rupees ('000)
15. EXPLORATION AND EVALUATION ASSETS

Balance brought forward 2,773,514 52,761
Additions during the year 294,080 2,720,753
3,067,594 2,773,514

Wells cost transferred to development cost - note 14 (2,555,371) -
512,223 2,773,514
15.1 Break up of exploration and evaluation assets at
June 30 is as follows:

Own fields
- Balkassar - 1,388,951

Share in joint operations operated by the Group
- DG Khan 512,223 379,587

Share in joint operations operated by others

MOL Pakistan Oil and - TAL Petroleum Concession
Gas Company B.V. (Block 3370-3) - 1,004,976

512,223 2,773,514

16. OTHER INTANGIBLE ASSETS

LPG Quota
Written down value 85,902 151,722
Addition 26,400 -
Less: Amortization for the year 65,019 65,820

47,283 85,902

Annual rate of amortization (%) - straight line 20 20

ANNUAL REPORT 2021 211