Page 24 - 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) (Unaudited)
Three months ended Six months ended
Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2022
Rupees ('000)
19. OPERATING COSTS
Operating cost - own fields 363,192 431,894 782,419 829,632
- share in joint operations 1,631,931 1,501,956 3,081,068 2,418,740

Well workover 536,887 (8,786) 651,009 15,597
POLGAS - Cost of LPG, carriage etc. 707,471 761,039 1,129,977 1,271,393
Pumping and transportation cost 48,094 30,261 73,959 52,368
Depreciation 393,444 393,579 781,842 786,384
3,681,019 3,109,943 6,251,474 5,374,114
Opening stock of crude oil and
other products 628,107 539,335 577,479 384,649
Closing stock of crude oil and
other products (602,897) (565,673) (602,897) (565,673)
3,706,229 3,083,605 6,226,056 5,193,090
20. AMORTIZATION OF DEVELOPMENT
AND DECOMMISSIONING COSTS
Amortization charge for the year - Note 10 344,135 797,311 1,122,225 1,543,470

Revision in estimates of provision for
decommissioning costs in excess of related
assets credited to statement of profit or loss (297,004) 205,859 (900,609) (37,104)
47,131 1,003,170 221,616 1,506,366

21. EXPLORATION COSTS
Geological and geophysical cost 414,299 281,994 1,113,427 455,140
Dry and abandoned wells cost charged to
the exploration costs - note 11 - 671,516 20,062 5,024,582
414,299 953,510 1,133,489 5,479,722

22. FINANCE COSTS - NET

Provision for decommissioning cost
- Unwinding of discount 901,459 (209,847) 1,999,201 440,867
- Exchange (gain)/loss (578,708) (278,017) (405,959) 1,905,102
Banks' commission and charges 2,370 1,776 3,884 3,361

325,121 (486,088) 1,597,126 2,349,330

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