Page 243 - Pakistan Oilfield Limited - Annual Report 2022

241
Annual Report 2022

36. 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
2022 2021 2022 2021
Rupees (‘000) Rupees (‘000)
Managerial remuneration 8,373 7,612 138,474 122,384
Bonus 5,708 6,343 93,343 83,065

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

Group'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 47,056

26,648 25,731 485,450 431,672
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 Group's cars and residential telephone facilities. The Group also provides medical facilities to
its staff.
The aggregate amount charged in these consolidated 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 Group.

37. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
37.1 Financial assets and liabilities
June 30, 2022 Amortised cost Total
Rupees ('000)

Financial assets
Maturity up to one year
Trade debts 9,967,911 9,967,911
Advances, deposits and other receivables 769,187 769,187
Cash and bank balances 67,910,320 67,910,320

Maturity after one year
Long term loans and advances 29,590 29,590
78,677,008 78,677,008