Page 20 - Condensed Interim Financial Statements for thesix months ended December 31, 2023

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the six months ended December 31, 2023

(Unaudited) (Audited)
Dec. 31, 2023
Jun. 30, 2023
Rupees ('000)
9. PROPERTY, PLANT AND EQUIPMENT
Operating assets
Opening net book value 5,417,443 6,219,771
Additions during the period / year 277,126 830,624
Disposals during the period / year (67) (7,854)
Transfers to stores and spares - (19,248)
Depreciation for the period / year (781,842) (1,605,850)
Closing net book value 4,912,660 5,417,443
Capital work in progress - at cost 537,462 485,349
5,450,122 5,902,792

10. DEVELOPMENT AND DECOMMISSIONING COSTS
Development cost
Opening net book value 7,559,182 9,801,407
Additions during the period / year 1,642,878 1,201,829
Revision due to change in estimates (694,725) (969,945)
Amortization for the period / year (1,103,019) (2,474,109)
Closing net book value 7,404,316 7,559,182
Decommissioning cost
Opening net book value 266,267 407,719
Additions during the period / year 24,799 132,309
Revision due to change in estimates (137,860) (185,528)
Amortization for the period / year (19,206) (88,233)
Closing net book value 134,000 266,267
7,538,316 7,825,449
11. EXPLORATION AND EVALUATION ASSETS
Balance brought forward 1,760,799 3,019,833

Additions during the period / year 3,621,566 3,765,548
Dry and abandoned wells cost charged to
statement of profit or loss (20,062) (5,024,582)
5,362,303 1,760,799
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