Page 169 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

39. TRANSACTIONS WITH RELATED PARTIES
39.1 Aggregate transactions with related parties, other than remuneration to the chief executive, directors and
executives of the Company under their terms of employment, were as follows:

Basis of Relationship 2021 2020
Rupees ('000)
Parent company - The Attock Oil Company Holding company
Limited

Dividend paid 7,489,766 7,486,678
Rental expense 51,065 44,140
Purchase of LPG 79,744 63,288
Reimbursment of expenses incurred by AOC
on behalf of POL 2,348 5,145
Reimbursment of expenses incurred by POL
on behalf of AOC 9,275 14
Subsidiary company - Capgas (Private) Subsidiary with 51%
Limited shareholding

Reimbursment of expenses incurred by POL
on behalf of CAPGAS 11,493 12,438
Reimbursment of expenses
incurred by CAPGAS on behalf of POL 7,372 8,578
Rental Income 1,404 1,404
Dividend received 12,737 13,254

Associated companies
Attock Refinery Limited Common directorship
Sale of crude oil and gas 13,543,270 12,833,828
Crude oil and gas transmission charges 4,454 6,375
Rental Income 2,885 2,861
Rental expense 1,403 434
Reimbursment of expenses incurred by
POL on behalf of ARL 551 685
Reimbursment of expenses incurred by
ARL on behalf of POL 20,485 23,831
Purchase of fuel 12,548 14,830
Purchase of LPG 204,884 259,679
National Refinery Limited 25% share holding &
Sale of crude oil common directorship 1,382,382 1,934,103
Reimbursment of expenses incurred by
POL on behalf of NRL - 536
Reimbursment of expenses incurred by
NRL on behalf of POL 397 480
Rental expense 2,554 2,929
Purchase of LPG 143,894 455,365

ANNUAL REPORT 2021 167