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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
225
PAKISTAN OILFIELDS LIMITED
2020
2019
Rupees ('000)
20.
STORES AND SPARES
Stores and spares - note 20.1
5,077,887
4,455,422
Less: Provision for slow moving items - note 20.2
579,503
537,017
4,498,384
3,918,405
20.1 Stores and spares include:
Share in joint operations operated by the Group
573,332
281,475
Share in joint operations operated by others
(assets not in possession of the Group)
1,703,562
1,642,937
2,276,894
1,924,412
20.2 Provision for slowmoving items
Balance brought forward
537,017
465,146
Provision for the year
42,486
71,871
579,503
537,017
20.3
Stores and spares include items which may result in fixed capital expenditure but are not yet
distinguishable.
2020
2019
Rupees ('000)
21.
STOCK IN TRADE
Crude oil and other products - note 21.1
404,494
313,921
21.1
These include Rs 22,824 thousand (2019: Rs 29,292 thousand) being the Company's share in joint
operations.
2020
2019
Rupees ('000)
22.
TRADE DEBTS - Considered good
Due from related parties - note 22.1
2,212,489
4,286,337
Others
5,421,591
4,621,864
7,634,080
8,908,201
22.1 Due from related parties
Associated companies
Attock Refinery Limited
1,906,780
3,862,236
National Refinery Limited
304,969
424,101
Attock Petroleum Limited
740
-
2,212,489
4,286,337