Page 25 - 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)

Reimbursement of expenses incurred by associates
on behalf of POL
Parent Company 1,465 398
Subsidiary Companies - 3,019
Associated Companies 10,384 8,671
Rental income
Subsidiary Companies 351 351
Associated Companies 1,071 1,020

Rental expense
Parent Company 29,956 17,873
Associated Companies 1,429 712

Dividend paid
Parent Company - 3,088
Associated Companies - 10,759

Dividend received
Subsidiary Companies 8,090 -
Associated Companies - 209,541

Other related parties
Remuneration of Chief Executive, Directors
Honorarium & Key Management personnel
including benefits & perquisites 97,815 76,184
Dividend paid to key management personnel - 8,567

Contribution to staff retirement benefits plans
Management Staff Pension Fund & Gratuity Fund 28,451 32,328
Approved Contributory Provident Fund 9,688 10,304

Contribution to Workers' Profit Participation Fund 713,292 319,965

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