Page 170 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

Basis of Relationship 2021 2020
Rupees ('000)

Attock Petroleum Limited 7.0175% share
Purchase of fuel and lubricants holding & common 601,870 1,199,115
Sale of solvent oil directorship 188,811 220,477
Rental income 785 493
Purchase of services 635 586
Purchase of goods 392 347
Reimbursment of expenses incurred by POL
on behalf of APL 28,549 24,065
Dividend received 45,401 104,771
Profit Disbursement 599 658
Attock Information Technology Common directorship
(Private) Limited
Purchase of services 57,786 59,847

Attock Cement Pakistan Limited Common directorship
Purchase of services 6 438
Sale of services - 266

Attock Hospital (Private) Limited Common directorship
Purchase of medical services 16,820 16,496

Attock Leisure and Management Associates Common directorship
(Private) Limited
Purchase of services 4,789 3,774

Other associated entities
Dividend paid 7,849 16,427
Other related parties

Remuneration of Chief Executive, Directors
Honorarium & Key Management personnel
including benefits & perquisites 120,999 145,534

Dividend paid to key management personnel 158,567 149,940

Contribution to staff retirement benefits plans
Management Staff Pension Fund and Gratuity Fund 86,631 86,911
Approved Contributory Provident Funds 31,262 30,494

Contribution to Workers' Profit Participation Fund 1,169,110 1,102,265

168 PAKISTAN OILFIELDS LIMITED