Page 164 - Pakistan Oilfields Limited - Annual Report 2020

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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
162
PAKISTANOILFIELDS LIMITED
36.
REMUNERATION OF CHIEF EXECUTIVE, DIRECTORS AND EXECUTIVES
The aggregate amounts charged in these financial statements in respect of remuneration, including
benefits and perquisites to chief executive, directors and executives of the Company are given
below:
Chief Executive
Executives
2020
2019
2020
2019
Rupees ('000)
Managerial remuneration
7,612
7,612
111,399
84,700
Bonus
6,838
6,507
84,207
65,699
Housing, utility and
conveyance
6,133
6,132
105,234
81,184
Company's contribution to
pension, gratuity and provident funds
-
-
41,990
32,851
Leave passage
1,269
1,153
16,169
11,062
Other benefits
4,599
4,053
40,862
23,506
26,451
25,457
399,861
299,002
No of persons, including those
who worked part of the year
1
1
51
40
In addition to remuneration, the Chief Executive and certain executives were provided with use of
the Company's cars and residential telephone facilities. The Company also provides medical facilities
to its staff. Remuneration of executives are net of charge to subsidiary and associated companies
amounting to Rs 24,263 thousand (2019: Rs 22,051 thousand).
The aggregate amount charged in these financial statements in respect of fee to 6 directors (2019:
6) was Rs 6,873 thousand (2019: Rs 6,319 thousand). This includes Rs 4,358 thousand (2019: Rs 4,214
thousand) paid to 4 non-executive (2019: 4) of the Company.