Page 18 - Condensed Interim Financial Statements - for the nine months ended March 31, 2024

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the nine months ended March 31, 2024

(Unaudited) (Audited)
Mar. 31, 2024
June 30, 2023
Rupees ('000)
9. PROPERTY, PLANT AND EQUIPMENT
Opening net book value 5,417,443 6,219,771
Additions during the period / year 587,139 830,624
Disposals during the period / year (67) (7,854)
Transfer to Stores and spares - (19,248)
Depreciation for the period / year (1,108,907) (1,605,850)

Closing net book value 4,895,608 5,417,443
Capital work in progress - at cost 561,446 485,349
5,457,054 5,902,792

10. DEVELOPMENT AND DECOMMISSIONING COSTS
Development cost

Opening net book value 7,559,182 9,801,407
Additions during the period / year 3,158,050 1,201,829
Revision due to change in estimates (1,240,444) (969,945)
Amortisation for the period / year (1,971,356) (2,474,109)
Closing book value 7,505,432 7,559,182
Decommissioning cost
Opening net book value 266,267 407,719
Additions during the period / year 24,799 132,309
Revision due to change in estimates (152,556) (185,528)
Amortisation for the period / year (27,150) (88,233)
Closing book value 111,360 266,267
7,616,792 7,825,449

11. EXPLORATION AND EVALUATION ASSETS
Balance brought forward 1,760,799 3,019,833
Additions during the period/ year 5,311,728 3,765,548
Dry and abandoned wells cost charged to the
statement of profit or loss - note 21 (20,062) (5,024,582)
7,052,465 1,760,799

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