Page 24 - Condensed Interim Financial Statements - For Nine Months Ended March 31, 2022

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the nine months ended March 31, 2022

24. Other Financial Assets
The carrying values of financial assets and liabilities approximate their fair values. The table
below analyzes financial assets that are measured at fair value, by valuation method.
The different levels have been defined as follows:
- Level 1: Quoted prices in active markets for identical assets and liabilities:
- Level 2: Observable inputs; and
- Level 3: Unobservable inputs
The Company held the following financial assets at fair value;

March 31, 2022 June 30, 2021
Level 1 Level 2 Level 3 Total
…..………………….. Rupees ('000) ……………...…………

Other financial assets
“classified as fair value
through profit or loss” 511,297 - - 511,297 -
25. Transactions with related parties
Aggregate transactions with related parties of the Company were as follows:
Three months ended Nine months ended
Mar. 31, 2022 Mar. 31, 2021 Mar. 31, 2022 Mar. 31, 2021
Rupees ('000)
Sales of goods and services to
Associated companies 7,573,560 4,126,397 19,319,062 10,917,607
Purchase of goods and
services from
Parent company 34,783 27,432 107,069 56,994
Associated companies 212,072 220,814 826,711 818,192

Reimbursement of expenses
incurred by POL on behalf of
associates
Parent company - - - 9,275
Subsidiary companies 3,036 3,812 9,051 9,930
Associated companies 8,066 7,248 24,424 21,841

22