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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
239
PAKISTAN OILFIELDS LIMITED
2020
2019
Rupees ('000)
Due from 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
2,158,039
(b)
Liquidity risk
Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with
financial liabilities.
The Group manages liquidity risk by maintaining sufficient cash and marketable securities. At June
30, 2020, the Group had financial assets of Rs 51,947,838 thousand (2019: Rs 46,296,357 thousand).
The table below analyses the Group’s financial liabilities into relevant maturity groupings based on
the remaining period at the financial position date 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
123,872
Trade and other payables
20,965,276
-
-
Unclaimed dividend
214,307
At June 30, 2019
Long term deposits
-
844,756
131,760
Trade and other payables
16,496,315
-
-
Unclaimed dividend
191,166
(c)
Market risk
(i) Currency risk
Foreign exchange risk is the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of changes in foreign exchange rates. Foreign exchange risk arises mainly from
future commercial transactions or receivables and payables that exist due to transactions in foreign
currencies.