Page 21 - Condensed Interim Financial Statements for thesix months ended December 31, 2023

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the six months ended December 31, 2023

12. LONG TERM INVESTMENTS IN SUBSIDIARY AND
ASSOCIATED COMPANIES - AT COST

(Unaudited) (Audited)

December 31, 2023 Jun. 30, 2023
Percentage Amount Percentage Amount
holding Rupees ('000) holding Rupees ('000)
Subsidiary company
Unquoted
Capgas (Private) Limited 51 1,530 51 1,530
Associated companies
Quoted
National Refinery Limited - Note 12.1 25 8,046,635 25 8,046,635
Attock Petroleum Limited 7 1,562,938 7 1,562,938
Unquoted
Attock Information Technology Services
(Private) Limited 10 4,500 10 4,500
9,615,603 9,615,603
12.1 Based on a valuation analysis, the recoverable amount of investment in National Refinery
Limited exceeds its carrying amount. The recoverable amount had been estimated based
on a value in use calculation carried out by an external investment advisor engaged by the
management, on an annual basis.

13. TRADE DEBTS
These include Rs 6,336,444 thousand (June 30, 2023: Rs 5,405,172 thousand) receivable
from related parties.

14. ADVANCES, DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES
These include balances due from joint operating partners amounting to Rs 352,333 thousand
(June 30, 2023: Rs 450,493 thousand) and balances due from related parties amounting to
Rs 679,523 thousand (June 30, 2023: Rs 488,571 thousand).
(Unaudited) (Audited)
Dec. 31, 2023
Jun. 30, 2023
Rupees ('000)
15. OTHER FINANCIAL ASSETS

Investments in mutual funds classified as fair value
through profit or loss 1,168,158 1,112,163
16. SHORT TERM INVESTMENTS
This represents Treasury Bills carried at amortised cost having maturity of less than three
months at yield ranging from 21.24% to 21.29% (June 30, 2023: 21.98% to 21.99%) per
annum.
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