Page 172 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Notes to and Forming Part of the

Financial Statements

For the year ended June 30, 2022

2022 2021
Rupees ('000)
23. OPERATING COSTS

Operating cost - Own fields 1,010,197 881,073
- Share in joint operations 3,308,818 3,311,509

Well workovers 568,151 79,441
POLGAS - Cost of LPG, carriage etc. 2,608,519 2,161,636
Head office and insurance charges 170,191 194,990

Pumping and transportation cost 77,060 72,171
Depreciation 1,479,545 1,466,825
9,222,481 8,167,645

Opening stock of crude oil and other products 277,531 399,205
Closing stock of crude oil and other products (384,649) (277,531)

9,115,363 8,289,319
24. AMORTIZATION OF DEVELOPMENT
AND DECOMMISSIONING COSTS
Amortization charge for the year - note 13 3,708,883 2,443,826

Revision in estimates of provision for decommissioning
costs in excess of related assets credited to
statement of profit or loss - note 9.2.1 (390,146) (232,072)

3,318,737 2,211,754