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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
142
PAKISTANOILFIELDS LIMITED
2020
2019
Rupees ('000)
10.
TRADE AND OTHER PAYABLES
Creditors
480,174
341,011
Due to related parties
Attock Hospital (Pvt) Limited
2,779
2,692
Attock Petroleum Limited
-
58,308
Capgas (Pvt) Limited
373
2,362
Attock Leisure and Management Associates
(Private) Limited
63
-
Management Staff Pension Fund - note 38
24,713
44,105
Staff Provident Fund
35
4,405
General Staff Provident Fund
514
852
Workers' Profit Participation Fund - note 10.1
1,090,364
1,329,220
Due to joint operating partners
The Attock Oil Company Limited
20,164
35,772
Others
1,748,469
1,710,334
Accrued liabilities
3,307,805
2,882,099
Advances from customers
101,668
49,957
Royalty payable to Government of Pakistan
508,177
636,991
Excise duty
3,821
4,254
Petroleum levy payable
28,222
28,014
Workers' Welfare Fund
691,621
792,394
Liability for staff compensated absences
10,792
6,066
Other liabilities - note 10.2
15,389,552
11,400,420
23,409,306
19,329,256
10.1 Workers' Profit Participation Fund
Payable at beginning of the year
1,329,220
214,259
Amount allocated during the year
1,102,265
1,329,392
Amount paid to the Fund's trustees
(1,341,121)
(214,431)
Payable at end of the year
1,090,364
1,329,220
10.2
This represents payment received from a customer on account of additional revenue and related
sales tax due to enhanced gas price incentive as explained in note 25.1.