Page 178 - Pakistan Oilfield Limited - Annual Report 2022

176 177
PAKISTAN OILFIELDS LIMITED
Notes to and Forming Part of the

Financial Statements

For the year ended June 30, 2022

33. REMUNERATION OF CHIEF EXECUTIVE, DIRECTORS AND EXECUTIVES
The aggregate amounts charged in these financial statements in respect of remuneration, including
benefits and perquisites to chief executive, directors and executives of the Company are given
below:
Chief Executive Executives
2022 2021 2022 2021
Rupees (‘000) Rupees (‘000)
Managerial remuneration 8,373 7,612 136,098 121,311
Bonus 5,708 6,343 87,798 83,065

Housing, utility and conveyance 6,613 6,118 127,040 115,158

Company's contribution to
pension, gratuity and provident funds - - 52,421 48,099

Leave passage 1,269 1,269 19,902 15,910
Other benefits 4,685 4,389 54,270 44,373

26,648 25,731 477,529 427,916
No of persons, including those
who worked part of the year 1 1 57 53
In addition to remuneration, the Chief Executive and certain executives were provided with use
of the Company's cars and residential telephone facilities. The Company also provides medical
facilities to its staff. Remuneration of executives are net of charge to subsidiary and associated
companies amounting to Rs 22,395 thousand (2021: Rs 19,449 thousand).

The aggregate amount charged in these financial statements in respect of fee to 7 directors (2021:
7) was Rs 9,139 thousand (2021: Rs 7,885 thousand). This includes Rs 5,618 thousand (2021: Rs 5,126
thousand) paid to 4 non-executive directors (2021: 4) of the Company.