Page 223 - Pakistan Oilfields Limited - Annual Report 2020

NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
221 PAKISTAN OILFIELDS LIMITED
2020 2019
Rupees ('000)
16. EXPLORATION AND EVALUATION ASSETS
Balance brought forward 52,761 2,590,790
Additions during the year 2,720,753 760,589
2,773,514 3,351,379
Wells cost transferred to development cost - note 15 - (1,679,562)
Dry and abandoned wells and irrecoverable cost charged to
statement of profit or loss - note 30 - (1,619,056)
2,773,514 52,761
16.1 Break up of exploration and evaluation assets at
June 30 is as follows:
Own fields
- Balkassar 1,388,951 -
Share in joint operations operated by the Group
- DG Khan 379,587 4,247
Share in joint operations operated by others
MOL Pakistan Oil and
Gas Company B.V.
- TAL PetroleumConcession
(Block 3370-3) 1,004,976 48,514
2,773,514 52,761
17. OTHER INTANGIBLE ASSETS
LPG Quota
Written down value 151,722 217,543
Less: Amortization for the year 65,820 65,821
85,902 151,722
Annual rate of amortization (%) - straight line 20 20