Page 17 - Condensed Interim Financial Statements For the nine months ended March 31, 2023

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

(Unaudited) (Audited)
June 30, 2022
Mar. 31, 2023
Rupees ('000)
4 REVENUE RESERVES
Insurance reserve 200,000 200,000
Investment reserve 1,557,794 1,557,794
Unappropriated profit 57,185,525 46,467,116
58,943,319 48,224,910

5 DEFERRED LIABILITIES
Provision for deferred income tax 4,361,027 5,844,433
Provision for decommissioning cost 26,434,042 19,123,431
Provision for staff compensated absences 2,261 2,540
30,797,330 24,970,404
6 TRADE AND OTHER PAYABLES
These include balance due to joint venture partners amounting to Rs 1,926,405 thousand
(June 30, 2022: Rs 1,435,659 thousand) and balances due to related parties amounting to Rs
1,277,350 thousand (June 30,2022: Rs 1,823,141 thousand).
These also include payments received from a customer on account of additional revenue and
related sales tax due to enhanced gas price incentive of Rs 25,315,858 thousand (June 30,
2022: Rs 22,278,874 thousand) as explained in note 17.1.
7 UNPAID DIVIDEND - AWAITING REMITTANCE BY THE AUTHORIZED BANK
This represents dividend payable to parent company (non-resident), The Attock Oil Company
Limited in United Kingdom (UK), for the year ended June 30, 2022 and interim dividend for the
year ending June 30, 2023, awaiting remittance by the authorized bank due to regulatory
constraints.
8 CONTINGENCIES AND COMMITMENTS
8.1 There were no material contingencies at March 31, 2023 (June 30, 2022: Nil).

(Unaudited) (Audited)
Mar. 31, 2023
June 30, 2022
Rupees ('000)
8.2 Commitments:
- Share in joint ventures 10,557,011 13,792,446
- Own fields 6,843,801 5,047,000
- Letter of credit issued by banks on
behalf of the Company 921,263 380,001

15