Page 223 - 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)

30. ADMINISTRATION EXPENSES

Establishment charges 312,234 308,459
Telephone and telex 1,147 1,249
Medical expenses 12,709 13,022
Printing, stationery and publications 6,512 6,929
Insurance 9,330 7,580
Travelling expenses 1,580 4,711
Motor vehicle running expenses 11,745 12,974
Rent, repairs and maintenance 71,313 70,758
Auditor's remuneration - note 30.1 10,469 9,755
Legal and professional charges 10,601 3,276
Stock exchange and CDC fee 5,000 3,273
Computer support and maintenance charges 35,637 35,059
Depreciation and Amortisation 40 40
Other expenses 5,221 7,448
493,538 484,533
Less: Amount allocated to field expenses 274,437 268,449
219,101 216,084

30.1 Auditor's remuneration

Statutory audit - POL 2,150 2,000
- CAPGAS 441 441
Review of half yearly accounts, audit of consolidated
accounts, staff funds, special certifications 2,111 1,997
Tax services 5,000 4,799
Out of pocket expenses 767 518
10,469 9,755

31. FINANCE COSTS - NET

Provision for decommissioning cost - note 10.2
- Unwinding of discount 1,123,961 1,594,927
- Exchange loss (869,170) 611,283
Banks' commission and charges 4,867 5,444
259,658 2,211,654

32. OTHER CHARGES
Workers' Profit Participation Fund 1,169,275 1,105,851
Workers' Welfare Fund 376,276 282,065
1,545,551 1,387,916

ANNUAL REPORT 2021 221