Page 168 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

36.12 The Company contributes to the pension and gratuity funds on the advice of the fund's actuary. The
contributions are equal to the current service cost with adjustment for any deficit.

Projected payments Pension Gratuity
Rupees ('000)

Contributions FY 2022 49,534 -

Benefit payments:
FY 2022 101,692 88,994
FY 2023 107,158 30,266
FY 2024 109,594 33,189
FY 2025 113,426 24,768
FY 2026 116,106 34,368
FY 2027-31 667,769 198,608

2021 2020
Note Rupees ('000)
37. CASH AND CASH EQUIVALENTS

Cash and bank balances 22 47,572,206 36,680,607
Short term investment - at amortised cost - 6,367,740
47,572,206 43,048,347

38. EARNINGS PER SHARE - BASIC AND DILUTED

Profit for the year (in thousand rupees) 13,382,255 16,375,850

Weighted average number of ordinary shares
in issue during the year (in thousand shares) 283,855 283,855

Basic and diluted earnings per share (Rupees) 47.14 57.69

166 PAKISTAN OILFIELDS LIMITED