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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
223
PAKISTAN OILFIELDS LIMITED
18.3
The tables below provide summarised financial information for associated companies. The
information disclosed reflects the amounts presented in the audited financial statements of the
relevant associated companies, for the year ended June 30, 2020 (2019: June 30, 2019) and not the
reporting entity’s share of those amounts.
National Refinery Limited
Attock Petroleum Limited
Attock Information Technology
Services (Pvt) Limited
2020
2019
2020
2019
2020
2019
Rupees ('000)
Rupees ('000)
Rupees ('000)
Summarised financial position
Current assets
21,345,597
37,489,001
35,654,693
37,102,945
293,869
233,280
Non- current assets
41,967,193
38,678,349
15,583,639
9,299,767
89,096
86,019
Current liabilities
32,983,296
42,000,571
27,908,728
26,682,984
22,806
21,281
Non- current liabilities
492,208
293,310
4,883,583
792,993
9,283
6,364
Net assets
29,837,286
33,873,469
18,446,021
18,926,735
350,876
291,654
Reconciliation to carrying amounts
Net assets as at July 1
33,873,469
43,251,537
18,926,735
18,417,662
291,654
242,354
(Loss)/profit for the year
(4,063,762)
(8,692,427)
1,008,294
3,960,606
59,222
49,300
Other comprehensive income/(loss)
27,983
100,679
3,984
(2,497)
-
-
Impact of IFRS 9 transition
-
13,346
-
(380,108)
Dividends paid
-
(799,666)
(1,492,992)
(3,068,928)
-
-
Net assets as at June 30
29,837,690
33,873,469
18,446,021
18,926,735
350,876
291,654
Group's percentage shareholding in the
associate
25%
25% 7.0175% 7.0175%
10%
10%
Group’s share in net assets
7,459,423
8,468,367
1,294,450
1,328,184
35,088
29,166
Excess of purchase consideration over
carrying amount at the date of acquisition
6,371,355
6,371,355
1,242,982
1,242,982
-
-
Proportionate share in carrying value of
net assets before impairment
13,830,778
14,839,722
2,537,432
2,571,166
35,088
29,166
Impairment
(5,434,289)
(4,304,128)
-
-
-
-
Carrying amount of investment
8,396,489
10,535,594
2,537,432
2,571,166
35,088
29,166