Page 152 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Note Rupees ('000)

21. OTHER FINANCIAL ASSETS

Investments at fair value through profit or loss 21.1 - 6,519
21.1 Investments classified as fair value through profit or loss

Balance at the beginning of the year 6,519 813,478
Additions during the year 300,621 2,226,167
Redemptions during the year (307,169) (3,033,172)
Fair value adjustment 29 46
Balance at the end of the year - 6,519

21.1.1 Investments in mutual funds classified as fair value through profit or loss at June 30 include the following:
2021 2020
Number of Cost Fair value Number of Cost Fair value
units units
Rupees ('000)

Listed securities
Meezan Sovereign Fund - - - 12,967 545 670
Pakistan Cash Management Fund - - - 15,869 634 801
Atlas Money Market Fund - - - 37 2 19
UBL Liquidity Plus Fund - - - 26,883 2,707 2,709
Atlas Income Fund - - - 4,453 1,316 2,320
- - - 60,209 5,204 6,519

21.1.2 The fair value of listed securities is based on quoted market prices at the statement of financial
position date. The quoted market price used is the current bid price.
2021 2020
Rupees ('000)

22. CASH AND BANK BALANCES

Bank balance on

Short term deposits 44,781,900 32,228,089
Interest/mark-up bearing saving accounts 2,696,309 4,384,768
Current accounts 91,446 65,892

47,569,655 36,678,749
Cash in hand 2,551 1,858
47,572,206 36,680,607

Balance with banks include foreign currency balances of US $ 142,461 thousand (2020: US $ 127,602
thousand). The balances in saving accounts and short term deposits earned interest/ mark-up
ranging from 0.3% to 8.21% (2020: 1.00% to 15.20%).

150 PAKISTAN OILFIELDS LIMITED