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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
167
PAKISTANOILFIELDS LIMITED
2020
2019
Rupees ('000)
Related parties
Up to 3 months
49,655
824,827
3 to 6 months
229,139
1,525
6 to 12 months
768,602
1,591
Above 12 months
-
31,277
1,047,396
859,220
Others
Up to 3 months
763,195
1,314,242
3 to 6 months
1,521,465
773
6 to 12 months
595,363
550
Above 12 months
24,000
13,254
2,904,023
1,328,819
3,951,419
2,188,039
(b)
Liquidity risk
Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with
financial liabilities.
The Company manages liquidity risk by maintaining sufficient cash and marketable securities. At
June 30, 2020, the Company had financial assets of Rs 51,671,953 thousand (2019: Rs 46,032,785
thousand).
The table below analyses the Company’s financial liabilities into relevant maturity groupings based
on the remaining period at the statement of financial position to the maturity date. The amounts
disclosed in the table are undiscounted cash flows which have been inflated using appropriate
inflation rate, where applicable.
Less than 1 year
Between 1 to 5
years
Over 5 years
Rupees ('000)
At June 30, 2020
Long term deposits
-
861,129
-
Trade and other payables
20,949,379
-
-
Unclaimed dividend
214,307
At June 30, 2019
Long term deposits
-
844,756
-
Trade and other payables
16,432,998
-
-
Unclaimed dividend
191,166