Page 226 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

37. REMUNERATION OF CHIEF EXECUTIVE, DIRECTORS AND EXECUTIVES

The aggregate amounts charged in these financial statement in respect of remuneration, including
benefits and perquisites to the chief executive, directors and executives of the Group are given below:
Chief Executive Executives
2021 2020 2021 2020
Rupees ('000)

Managerial remuneration 8,794 7,612 122,384 112,964

Bonus 6,343 6,838 83,065 84,207

Housing, utility and conveyance 6,118 6,133 115,158 105,234

Group's contribution to pension,
gratuity and provident funds - - 48,099 41,990
Leave passage 1,269 1,269 15,910 16,169

Other benefits 7,344 4,599 47,056 44,617

29,868 26,451 431,672 405,181

No. of persons, including those
who worked part of the year 1 1 53 51

In addition to remuneration, the Chief Executive and certain executives were provided with use of the
Group’s cars and residential telephone facilities. The Group also provides medical facilities to its staff.

The aggregate amount charged in these financial statements in respect of fee to 7 directors (2020:
6) was Rs 7,885 thousand (2020: Rs 6,873 thousand). This includes Rs 5,126 thousand (2020: Rs 4,358
thousand) paid to 4 non-executive (2020: 4) of the Group.

224 PAKISTAN OILFIELDS LIMITED