Page 171 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

39.2 Details of associated Company incorporated outside Pakistan with whom the Company had
entered into transaction or had agreements are as follows:

i) Name of undertaking The Attock Oil Company Limited
ii) Country of Incorporation United Kingdom
iii) Basis of association Parent Company
iv) Aggregate %age of shareholding 52.77%

40. CONTRIBUTORY PROVIDENT FUND

Investments out of provident fund have been made in accordance with the provisions of section
218 of the Companies Act, 2017 and the rules formulated for the purpose.

41. DISCLOSURE REQUIREMENTS FOR ALL SHARES ISLAMIC INDEX

Description Explanation

i) Loans and advances Non-interest bearing
ii) Deposits Non-interest bearing
iii) Segment revenue Disclosed in note 32
2021 2020
Rupees ('000)
iv) Bank Balances
Placed under interest arrangements 47,477,089 36,611,737
Placed under Shariah permissible arrangements 1,120 1,120
47,478,209 36,612,857

v) Income on bank deposits
Placed under interest arrangements 723,167 3,999,774
Placed under Shariah permissible arrangements 48 146
723,215 3,999,920

vi) Gain/(loss) on investments classified Disclosed in note 21.1.1
as fair value through profit or loss
vii) Dividend income Disclosed in note 30.1 & 30.2

viii) All sources of other income Disclosed in note 30

ix) Exchange gain Earned from actual currency

x) Relationship with banks having Islamic windows Following is the list of banks with which the
Company has a relationship with Islamic
window of operations:
1. Meezan Bank Limited
2. Albaraka Islamic Investment bank
3. Bank Islami Limited

ANNUAL REPORT 2021 169