Page 148 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Percentage Amount Percentage Amount
holding Rs ('000) holding Rs ('000)

15. LONG TERM INVESTMENTS IN SUBSIDIARY
AND ASSOCIATED COMPANIES - AT COST

Subsidiary company

Unquoted

Capgas (Private) Limited
344,250 (2020: 344,250) fully paid
ordinary shares including 191,250
(2020: 191,250) bonus shares of Rs 10 each 51 1,530 51 1,530

Associated companies

Quoted

National Refinery Limited
19,991,640 (2020: 19,991,640) fully paid
ordinary shares including 3,331,940
(2020: 3,331,940) bonus shares of Rs 10 each
Quoted market value as at June 30, 2021:
Rs 10,459,426 thousand (2020:
Rs 2,144,703 thousand) 25 8,046,635 25 8,046,635

Attock Petroleum Limited (APL)
6,984,714 (2020: 6,984,714) fully paid
ordinary shares including 3,616,314
(2020: 3,616,314) bonus shares of Rs 10 each
Quoted market value as at June 30, 2021:
Rs 2,242,303 thousand; (2020: Rs 2,131,735
thousand) 7 1,562,938 7 1,562,938

Unquoted

Attock Information Technology Services
(Pvt) Limited (AITSL)
450,000 (2020: 450,000) fully paid
ordinary shares of Rs 10 each 10 4,500 10 4,500
9,615,603 9,615,603

15.1 All subsidiary and associated companies are incorporated in Pakistan. Although the Company has less
than 20 percent shareholding in APL and AITSL, these have been treated as associates since the Company
has representation on their Board of Directors.

146 PAKISTAN OILFIELDS LIMITED