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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
157
PAKISTANOILFIELDS LIMITED
Note
2020
2019
Rupees ('000)
29.
ADMINISTRATION EXPENSES
Establishment charges
289,201
282,006
Telephone and telex
1,140
1,031
Medical expenses
13,022
9,857
Printing, stationery and publications
6,830
6,022
Insurance
7,544
6,148
Travelling expenses
4,429
3,845
Motor vehicle running expenses
12,783
8,612
Rent, repairs and maintenance
70,758
62,479
Auditor's remuneration
29.1
8,478
7,146
Legal and professional charges
3,104
9,614
Stock exchange and CDC fee
3,273
3,233
Computer support and maintenance charges
34,085
34,483
Other expenses
6,123
3,436
460,770
437,912
Less:
Amount allocated to field expenses
268,449
256,659
192,321
181,253
29.1 Auditor's remuneration
Statutory audit
2,000
1,730
Review of half yearly accounts, audit of
consolidated accounts, staff funds, special
certifications
1,992
1,395
Tax services
4,023
3,558
Out of pocket expenses
463
463
8,478
7,146
30.
FINANCE COSTS
Provision for decommissioning costs
9.2
- Unwinding of discount
1,594,927
754,918
- Exchange loss
611,283
3,012,047
Banks' commission and charges
5,407
6,661
2,211,617
3,773,626