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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
164
PAKISTANOILFIELDS LIMITED
Amortised cost
Investments
classified as fair
value through
profit or loss
Total
Rupees (‘000)
June 30, 2019
Financial assets
Maturity up to one year
Trade debts
8,908,128
-
8,908,128
Advances, deposits and other receivables
523,466
-
523,466
Other financial assets
-
813,478
813,478
Short term investments - at amortised cost
-
-
-
Cash and bank balances
35,761,440
-
35,761,440
Maturity after one year
Long term loans and advances
26,273
-
26,273
45,219,307
813,478
46,032,785
Amortised cost
Total
Rupees ('000)
Financial liabilities
Maturity up to one year
Trade and other payables
16,432,998
16,432,998
Unclaimed dividend
191,166
191,166
Maturity after one year
Long term deposits
844,756
844,756
17,468,920
17,468,920
37.2 Credit quality of financial assets
The credit quality of Company's financial assets have been assessed below by reference to external
credit ratings of counter parties determined by The Pakistan Credit Rating Agency Limited (PACRA)
and JCR - VIS Credit Rating Company Limited (JCR-VIS). The counterparties for which external credit
ratings were not available have been assessed by reference to internal credit ratings determined
based on their historical information for any defaults in meeting obligations.