Page 24 - Condensed Interim Financial Statements - September 2023

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the three months ended September 30, 2023

Three months ended
Sep 30, 2023 Sep 30, 2022
Rupees (’000)

21. Other income - net
Income from financial assets - bank balances,
short term deposits and treasury bills 4,227,635 2,100,371
Exchange gain on financial assets - net 408,349 4,127,952
Dividend on investments classified as fair value
through profit or loss 51,441 -
Dividend from subsidiary and associated companies 8,090 209,541
Rental income 41,697 47,595
Crude oil transportation income 119,553 118,990
Gas processing fee 23,784 19,240
Gain on sale of property, plant and equipment - 2,130
Fair value adjustment on investment classified as
fair value through profit or loss 5,618 -
Gain on sale of stores and scrap 51 9,146
Others 5,530 74
4,891,748 6,635,039
22. Provision for taxation
Current - for period 3,512,031 3,467,720
Deferred - for period 610,452 (1,620,798)
4,122,483 1,846,922
23. Transaction with related parties

Sales of goods & services to
Associated Companies 9,744,686 9,583,959
Purchase of goods & services from
Parent Company 17,769 37,790
Associated Companies 576,357 523,711

Reimbursement of expenses incurred by POL
on behalf of associates
Parent Company - 21
Subsidiary Companies 4,375 4,006
Associated Companies 9,828 10,793

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