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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
246
PAKISTAN OILFIELDS LIMITED
40.19 Sensitivity analysis
The calculation of the defined benefit obligation is sensitive to assumptions set out above. The following
table summarizes how the impact on the defined benefit obligation at the end of the reporting period
would have increased/ (decreased) as a result of a change in respective assumptions by one percent.
Defined benefit obligation
1 percent
increase
1 percent
decrease
Rupees ('000)
Discount rate
(390)
446
Salary increase
441
(393)
The impact of changes infinancial assumptions has beendeterminedby revaluationof theobligation
on different rates.
Note
2020
2019
Rupees ('000)
41.
CASH AND CASH EQUIVALENTS
Cash and bank balances
26
36,840,879
35,845,376
Short term investment - at amortised cost
25
6,468,798
67,271
43,309,677
35,912,647
42.
INTEREST IN SUBSIDIARY
42.1
CAPGAS is only subsidiary of POL as at June 30, 2020. CAPGAS has share capital consisting solely of
ordinary shares that are held directly by POL, and the proportion of ownership interest held equals
the voting right held by POL. POL holds 51% (2019: 51%) interest in CAPGAS. There are no significant
restrictions on Company's ability to use assets, or settle liabilities of CAPGAS.
42.2 Non-controlling interest
Following is the summarised financial information of CAPGAS that has 49% (2019: 49%) ownership
interest held by non-controlling interests. The amounts disclosed are before inter-company
eliminations:
2020
2019
Rupees ('000)
Summarised financial position
Current assets
289,385
192,854
Non-current assets
136,277
212,666
Current liabilities
33,859
29,221
Non-current liabilities
131,448
137,270
Net assets
260,355
239,029
Accumulated NCI
127,574
117,124