Page 141 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Rupees ('000)

10. TRADE AND OTHER PAYABLES

Creditors 451,264 480,174
Due to related parties
Attock Hospital (Pvt) Limited 3,234 2,779
Attock Petroleum Limited 23,314 -
Capgas (Pvt) Limited 230 373
Attock Energy Private Limited 1,239 -
Attock Refinery Limited 10,462 -
National Refinery limited 8,292 -
Attock Leisure and Management Associates
(Private) Limited 491 63
Management Staff Pension Fund - note 36 126,441 24,713
Staff Provident Fund - 35
General Staff Provident Fund - 514
Workers' Profit Participation Fund - note 10.1 1,156,615 1,090,364
Due to joint operating partners
The Attock Oil Company Limited 35,838 20,164
Others 905,978 1,748,469
Accrued liabilities 2,275,670 3,307,805
Advances from customers 63,326 101,668
Royalty payable to Government of Pakistan 582,863 508,177
Excise duty 3,940 3,821
Petroleum levy payable 13,671 28,222
Workers' Welfare Fund 1,067,834 691,621
Liability for staff compensated absences 15,239 10,792
Other liabilities - note 10.2 18,949,452 15,389,552
25,695,393 23,409,306
10.1 Workers' Profit Participation Fund

Payable at beginning of the year 1,090,364 1,329,220
Amount allocated during the year 1,169,110 1,102,265
Amount paid to the Fund's trustees (1,102,859) (1,341,121)
Payable at end of the year 1,156,615 1,090,364

10.2 This represents payment received from a customer on account of additional revenue and related
sales tax due to enhanced gas price incentive as explained in note 23.1.

ANNUAL REPORT 2021 139