Basic HTML Version
NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
217
PAKISTAN OILFIELDS LIMITED
14.1 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
29,913
529,455
2,405,466
15,114,419
728,785
925,693
537,408
165,451
473,864
20,910,454
Accumulated depreciation
-
(234,576) (1,216,185) (8,443,582)
(504,828)
(672,623)
(473,364)
(117,846)
(423,224)
(12,086,228)
Net book value
29,913
294,879
1,189,281
6,670,837
223,957
253,070
64,044
47,605
50,640
8,824,226
Year ended June 30, 2019
Opening net book value
29,913
294,879
1,189,281
6,670,837
223,957
253,070
64,044
47,605
50,640
8,824,226
Additions
-
14,298
48,036
446,749
10,113
39,521
52,760
10,476
13,501
635,454
Disposals
Cost
(83)
(7,520)
(32,340)
(35,752)
(393)
(8,326)
(4,865)
(1,345)
(323)
(90,947)
Depreciation
-
2,975
28,425
33,369
393
8,325
4,845
1,293
323
79,948
(83)
(4,545)
(3,915)
(2,383)
-
(1)
(20)
(52)
-
(10,999)
Depreciation charge
-
(22,619)
(198,256) (1,241,274)
(44,688)
(48,467)
(44,331)
(12,064)
(32,108)
(1,643,807)
Closing net book value
29,830
282,013
1,035,146
5,873,929
189,382
244,123
72,453
45,965
32,033
7,804,874
As at July 1, 2019
Cost
29,830
536,233
2,421,162
15,525,416
738,505
956,888
585,303
174,582
487,042
21,454,961
Accumulated depreciation
-
(254,220) (1,386,016) (9,651,487)
(549,123)
(712,765)
(512,850)
(128,617)
(455,009)
(13,650,087)
Net book value
29,830
282,013
1,035,146
5,873,929
189,382
244,123
72,453
45,965
32,033
7,804,874
Year ended June 30, 2020
Opening net book value
29,830
282,013
1,035,146
5,873,929
189,382
244,123
72,453
45,965
32,033
7,804,874
Additions
418
11,418
58,463
613,215
9,861
7,645
34,075
11,269
65,233
811,597
Disposals/deletions
Cost
-
(117)
(6,932)
(14,985)
(3,565)
(6,301)
(1,681)
(1,328)
(11,180)
(46,089)
Depreciation
-
51
6,521
14,139
3,565
6,301
1,681
1,301
11,107
44,666
-
(66)
(411)
(846)
-
-
-
(27)
(73)
(1,423)
Depreciation charge
-
(23,041)
(191,500) (1,133,700)
(41,302)
(44,406)
(29,762)
(12,172)
(32,679)
(1,508,562)
Closing net book value
30,248
270,324
901,698
5,352,598
157,941
207,362
76,766
45,035
64,514
7,106,486
As at June 30, 2020
Cost
30,248
547,534
2,472,693
16,123,646
744,801
958,232
617,697
184,523
541,095
22,220,469
Accumulated depreciation
-
(277,210) (1,570,995) (10,771,048)
(586,860)
(750,870)
(540,931)
(139,488)
(476,581)
(15,113,983)
Net book value
30,248
270,324
901,698
5,352,598
157,941
207,362
76,766
45,035
64,514
7,106,486
Annual rate of
Depreciation (%)
-
5
10
10
10
10
20
12.5-20
25