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NOTES TO AND FORMING
PART OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
249
PAKISTAN OILFIELDS LIMITED
Basis of
Relationship
2020
2019
Rupees (‘000)
Attock Petroleum Limited
7.0175%
share holding
& common
directorship
Purchase of fuel and lubricants
1,199,115
817,081
Sale of solvent oil
220,477
288,229
Rental income
493
493
Purchase of services
586
664
Purchase of goods
347
178
Reimbursment of expenses incurred by
POL on behalf of APL
24,065
17,248
Dividend received
104,771
215,362
Profit Disbursement
658
Attock Information Technology (Private) Limited Common
directorship
Purchase of services
60,821
56,519
Attock Cement Pakistan Limited
Common
directorship
Purchase of services
438
5
Sale of services
266
-
Attock Hospital (Private) Limited
Common
directorship
Purchase of medical services
16,496
12,617
Attock Leisure and management Associates
Common
directorship
(Private) Limited
Purchase of services
3,774
-
Other associated entities
Dividend paid
16,427
18,597
Other related parties
Remuneration of Chief Executive, Directors
Honorarium & Key Management personnel
including benefits & perquisites
145,534
128,638
Dividend paid to key management personnel
149,940
117,420
Contribution to staff retirement benefits plans
Management Staff Pension Fund and
Gratuity Fund
86,911
84,311
Approved Contributory Provident Funds
30,494
30,416
Contribution to Workers' Profit Participation Fund
1,105,851
1,330,106