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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
153
PAKISTANOILFIELDS LIMITED
2020
2019
Rupees ('000)
22.
OTHER FINANCIAL ASSETS
Investments at fair value through profit or loss
6,519
813,478
22.1 Investments classified as fair value through profit or loss
Balance at the beginning of the year
813,478
6,479
Additions during the year
2,226,167
2,330,711
Redemptions during the year
(3,033,172)
(1,526,513)
Fair value adjustment
46
2,801
Balance at the end of the year
6,519
813,478
2020
2019
22.1.1 Investments in mutual funds at
June 30 include the following
Number of
units
Cost
Fair value
Number of
units
Cost
Fair value
Rupees ('000)
Rupees ('000)
Classified as fair value through profit or loss
Available-for-sale investments
Listed securities
Meezan Sovereign Fund
12,967
545
670
11,853
487
610
Pakistan Cash Management Fund
15,869
634
801
14,409
561
725
Alfalah GHP Money Market Fund
-
-
-
22,699
32
2,225
Atlas Money Market Fund
37
2
19
33
-
16
UBL Liquidity Plus Fund
26,883
2,707
2,709
24,333
2,450
2,452
ABL Cash Fund
-
-
-
49,652,602
504,602
504,808
HBL Cash Fund
-
-
-
1,007
101
102
NAFA Money Market Fund
-
-
-
30,450,979
300,000
300,511
Atlas Income Fund
4,453
1,316
2,320
3,952
1,056
2,029
60,209
5,204
6,519
80,181,867
809,289
813,478
22.1.2
The fair value of listed securities is based on quoted market prices at the statement of financial
position date. The quoted market price used is the current bid price.
23.
SHORT TERM INVESTMENTS - AT AMORTISED COST
This represents Treasury Bills purchased on April 23, 2020 and May 7, 2020 for 84 days at yield
ranging from 7.85% to 8.21% per annum (2019: Rs nil).