Page 240 - Pakistan Oilfield Limited - Annual Report 2022

238
PAKISTAN OILFIELDS LIMITED

Notes to and Forming Part of the -
Consolidated Financial Statements

For the year ended June 30, 2022

2022 2021
Rupees ('000)
29. ADMINISTRATION EXPENSES
Establishment charges 319,725 312,234

Telephone and telex 1,242 1,147
Medical expenses 15,238 12,709

Printing, stationery and publications 6,806 6,512
Insurance 7,922 9,330

Travelling expenses 5,252 1,580
Motor vehicle running expenses 22,395 11,745

Rent, repairs and maintenance 79,036 71,313
Auditor's remuneration - note 29.1 11,468 10,469
Legal and professional charges 7,190 10,601

Stock exchange and CDC fee 5,420 5,000
Computer support and maintenance charges 39,139 35,637

Depreciation and Amortisation 24 40
Other expenses 7,485 5,221
528,342 493,538

Less: Amount allocated to field expenses 294,038 274,437
234,304 219,101

29.1 Auditor's remuneration
Statutory audit - POL 2,311 2,150
- Capgas 475 441
Review of half yearly accounts, audit of consolidated
accounts, staff funds, special certifications 2,154 2,111
Tax services 6,000 5,000

Out of pocket expenses 528 767

11,468 10,469
30. FINANCE COSTS - NET
Provision for decommissioning cost - note 10.2
- Unwinding of discount 1,258,353 1,123,961
- Exchange loss / (gain) 4,282,697 (869,170)
Banks' commission and charges 7,517 4,867
5,548,567 259,658