Basic HTML Version
NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
144
PAKISTANOILFIELDS LIMITED
13.1 Operating assets
Freehold Buildings
Pipelines
Plant and machinery
Gas
Motor
Chattels
Computer and
Total
land
and pumps Field plants
Rigs
cylinders
vehicles
software
development
Rupees ('000)
As at July 1, 2018
Cost
20,407
521,622
2,405,466
15,021,530
728,785
771,574
516,307
164,852
470,349
20,620,892
Accumulated depreciation
-
(229,618) (1,216,185) (8,375,620)
(504,828)
(550,124)
(452,265)
(117,247)
(420,018)
(11,865,905)
Net book value
20,407
292,004
1,189,281
6,645,910
223,957
221,450
64,042
47,605
50,331
8,754,987
Year ended June 30, 2019
Opening net book value
20,407
292,004
1,189,281
6,645,910
223,957
221,450
64,042
47,605
50,331
8,754,987
Additions
-
14,298
48,036
446,644
10,113
39,521
52,760
10,442
13,472
635,286
Disposals
Cost
(83)
(7,520)
(32,340)
(35,752)
(393)
(6,141)
(4,865)
(1,345)
(323)
(88,762)
Accumulated depreciation
-
2,975
28,425
33,369
393
6,141
4,845
1,293
323
77,764
(83)
(4,545)
(3,915)
(2,383)
-
-
(20)
(52)
-
(10,998)
Depreciation charge
-
(22,377)
(198,256) (1,236,894)
(44,688)
(41,542)
(44,331)
(12,059)
(31,869)
(1,632,016)
Closing net book value
20,324
279,380
1,035,146
5,853,277
189,382
219,429
72,451
45,936
31,934
7,747,259
As at June 30, 2019
Cost
20,324
528,400
2,421,162
15,432,422
738,505
804,954
564,202
173,949
483,498
21,167,416
Accumulated depreciation
-
(249,020) (1,386,016) (9,579,145)
(549,123)
(585,525)
(491,751)
(128,013)
(451,564)
(13,420,157)
Net book value
20,324
279,380
1,035,146
5,853,277
189,382
219,429
72,451
45,936
31,934
7,747,259
Year ended June 30, 2020
Opening net book value
20,324
279,380
1,035,146
5,853,277
189,382
219,429
72,451
45,936
31,934
7,747,259
Additions
418
11,418
58,463
611,209
9,861
7,645
34,075
11,269
65,233
809,591
Disposals
Cost
-
(117)
(6,932)
(14,906)
(3,527)
(6,061)
(1,681)
(1,328)
(615)
(35,167)
Accumulated depreciation
-
51
6,521
14,058
3,527
6,061
1,681
1,301
542
33,742
-
(66)
(411)
(848)
-
-
-
(27)
(73)
(1,425)
Depreciation charge
-
(22,808)
(191,500) (1,129,954)
(41,295)
(44,373)
(29,762)
(12,172)
(26,724)
(1,498,588)
Closing net book value
20,742
267,924
901,698
5,333,684
157,948
182,701
76,764
45,006
70,370
7,056,837
As at June 30, 2020
Cost
20,742
539,701
2,472,693
16,028,725
744,839
806,538
596,596
183,890
548,116
21,941,840
Accumulated depreciation
-
(271,777) (1,570,995) (10,695,041)
(586,891)
(623,837)
(519,832)
(138,884)
(477,746)
(14,885,003)
Net book value
20,742
267,924
901,698
5,333,684
157,948
182,701
76,764
45,006
70,370
7,056,837
Annual rate of
Depreciation (%)
-
5
10
10
10
10
20
12.5
25