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Where provisions of and directives issued under the Companies Act, 2017 differ from the
requirements of IAS 34, the provisions of and directives issued under the Companies Act,
2017 have been followed.
These condensed interim financial statements do not include all the information required for
full financial statements and should be read in conjunction with the annual financial
statements for the year ended June 30, 2019.
Standards, interpretations and amendments to published approved accounting
standards that are effective and relevant
'IFRS 16 ‘Leases’ - IFRS 16 replaces the previous lease standard: IAS 17 Leases. It will
result in almost all leases being recognised on the statement of financial position, as the
distinction between operating and finance leases is removed. Under the new standard,
an asset (the right to use the leased item) and a financial liability to pay rentals are
recognised. The only exceptions are short termand low value leases.
The changes laid down by this standard do not have any significant impact on these
consolidated financial statements of the Company.
Bonus shares issued by subsidiary/associated companies
71,395
Special reserve
15,424
Utilised special reserve
1,941,044
2,027,863
Insurance reserve
200,000
General reserve
7,077,325
Unappropriated profit
29,337,760
36,615,085
Provision for deferred income tax
5,466,454
Provision for decommissioning cost
11,811,608
Provision for un-funded gratuity plan - CAPGAS
5,510
Provision for staff compensated absences
7,725
17,291,297
These include balances due to joint venture partners amount to Rs 1,505,849 thousand
(June 30, 2019: Rs 1,710,334 thousand) and balances due to related parties
amounting to Rs 509,038 thousand (June 30, 2019: Rs 1,476,068 thousand).
3.1 Changes in accounting standards, interpretations and pronouncements
4. Capital reserves
71,395
15,424
1,941,044
2,027,863
5. Revenue reserves
200,000
7,077,325
24,706,324
31,983,649
6. Deferred liabilities
5,584,074
11,946,792
5,510
7,725
17,544,101
7. Trade and other payables
Rupees ('000)
Sep 30, 2019
June
30, 2019
(Unaudited)
(Audited)
Notes to and forming part of the condensed interim
Consolidated Financial Statements (Unaudited)
For the three months period ended September 30, 2019
33