Page 22 - 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) (Unaudited)
Three months ended Nine months ended
Mar. 31, 2024 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2023
Rupees ('000)
19. OPERATING COSTS
Operating Cost
- Own fields 451,429 598,630 1,233,848 1,428,262
- Share in joint operations 1,385,348 1,173,411 4,217,616 3,592,151
Well workover (42,554) 46,297 608,455 61,894
POLGAS - LPG cost, carriage etc. 593,336 573,843 1,723,313 1,845,236
Pumping and transportation cost 21,913 30,029 95,872 82,397
Depreciation 327,065 401,255 1,108,907 1,187,639
2,736,537 2,823,465 8,988,011 8,197,579
Opening stock of crude oil and
other products 602,897 565,673 577,479 384,649
Closing stock of crude oil and
other products (749,537) (588,972) (749,537) (588,972)
2,589,897 2,800,166 8,815,953 7,993,256
20. AMORTIZATION OF DEVELOPMENT
AND DECOMMISIONING COSTS

Amortization charge for the year - note 10 876,281 807,959 1,998,506 2,351,429

Revision in estimates of provision for
decommisiong costs in excess of related
assets
assets credited to statement of profi t or loss (713,699) (25,000) (1,614,308) (62,104)

162,582 782,959 384,198 2,289,325
21. EXPLORATION COSTS
Geological & geophysical cost 312,942 849,580 1,426,369 1,304,720
Dry and abandoned wells cost charged
to the exploration costs - note 11 - - 20,062 5,024,582

312,942 849,580 1,446,431 6,329,302
22. FINANCE COSTS - NET
Provision for decommissioning cost
- Unwinding of discount 999,601 220,434 2,998,802 661,301
- Exchange( gain)/loss (336,860) 5,213,963 (742,819) 7,119,065
Banks' commission and charges 1,811 1,575 5,695 4,936
664,552 5,435,972 2,261,678 7,785,302

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