Page 216 - Pakistan Oilfields Limited - Annual Report 2020

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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
214
PAKISTAN OILFIELDS LIMITED
2020
2019
Rupees ('000)
11.
TRADE AND OTHER PAYABLES
Creditors
484,341
342,631
Due to related parties
Attock Hospital (Pvt) Limited
2,779
2,692
Attock Petroleum Limited
-
58,308
Attock Lesiure and Management Associates (Pvt) Limited
63
-
Management Staff Pension Fund
24,713
44,105
Staff Provident Fund
35
4,405
General Staff Provident Fund
514
852
Workers' Profit Participation Fund - note 11.1
1,093,950
1,329,934
Due to joint operating partners
The Attock Oil Company Limited
20,164
35,772
Others
1,748,469
1,710,334
Accrued liabilities
3,313,280
2,882,802
Advance payment from customers
108,640
56,490
Royalty
508,177
636,991
Excise duty
3,821
4,254
Petroleum levy payable
28,222
28,014
Workers' Welfare Fund
693,354
792,764
Liability for staff compensated absences
10,792
6,066
Other Liabilities - note 11.2
15,396,180
11,408,348
23,437,494
19,344,762
11.1 Workers' Profit Participation Fund
Balance at beginning of the year
1,329,934
218,085
Amount allocated for the year
1,105,851
1,330,106
Amount paid to the Fund's trustees
(1,341,835)
(218,257)
Balance at year end
1,093,950
1,329,934
11.2
This includes payment received from a customer on account of additional revenue and related
sales tax due to enhanced gas price incentive as explained in note 27.1.