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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
173
PAKISTANOILFIELDS LIMITED
2020
2019
Rupees ('000)
39.
CASH AND CASH EQUIVALENTS
Cash and bank balances
36,680,607
35,761,440
Short term investment - at amortised cost
6,367,740
-
43,048,347
35,761,440
40.
EARNING PER SHARE - BASIC AND DILUTED
Profit for the year (in thousand rupees)
16,375,850
16,871,707
Weighted average number of ordinary shares
in issue during the year (in thousand shares)
283,855
283,855
Basic and diluted earnings per share (Rupees)
57.69
59.44
41.
TRANSACTIONSWITH RELATED PARTIES
41.1
Aggregate transactions with related parties, other than remuneration to the chief executive,
directors and executives of the Company 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
Subsidiary company - Capgas (Private)
Limited
Subsidiary with 51%
shareholding
Reimbursment of expenses incurred by
POL on behalf of CAPGAS
12,438
10,652
Reimbursment of expenses
incurred by CAPGAS on behalf of POL
8,578
10,289
Rental Income
1,404
1,404
Dividend received
13,254
10,328