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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
248
PAKISTAN OILFIELDS LIMITED
44.
TRANSACTIONSWITH RELATED PARTIES
44.1
Aggregate transactions with related parties, other than remuneration to the chief executive,
directors and executive of the Group under their terms of employment, were as follows:
Basis of
Relationship
2020
2019
Rupees ('000)
Parent company - The Attock Oil Company
Limited
Holding
company
Rental expense
44,140
37,109
Purchase of LPG
63,288
11,383
Reimbursment of expenses incurred by AOC on
behalf of POL
5,145
4,038
Reimbursment of expenses incurred by POL on
behalf of AOC
14
-
Dividend paid
7,486,678
6,114,120
Associated companies
Attock Refinery Limited
Common
directorship
Sale of crude oil and gas
12,833,828 19,052,177
Crude oil and gas transmission charges
6,375
3,671
Rental Income
2,861
3,005
Rental expense
434
443
Reimbursment of expenses incurred by
POL on behalf of ARL
685
454
Reimbursment of expenses incurred by
ARL on behalf of POL
23,831
25,401
Purchase of fuel
14,830
14,694
Purchase of LPG
259,679
249,949
National Refinery Limited
25% share
holding &
common
directorship
Sale of crude oil
1,934,103
1,005,939
Reimbursment of expenses incurred by
POL on behalf of NRL
536
-
Reimbursment of expenses incurred by
NRL on behalf of POL
480
55
Rental expense
2,929
2,680
Purchase of LPG
455,365
685,913
Dividend received
-
199,916