Page 215 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

17.3 The tables below provide summarised financial information for associated companies. The
information disclosed reflects the amounts presented in the audited financial statements of the
relevant associated companies, for the year ended June 30, 2021 (2020: June 30, 2020) and not the
reporting entity’s share of those amounts.

National Refinery Limited Attock Petroleum Limited Attock Information Technology
Services (Pvt) Limited
2021 2020 2021 2020 2021 2020

Rupees ('000) Rupees ('000) Rupees ('000)

Summarised financial position
Current assets 36,192,216 21,345,597 44,210,980 35,654,693 359,765 293,869
Non- current assets 39,489,300 41,967,193 17,686,905 15,583,639 75,656 89,096
Current liabilities 42,919,804 32,983,296 31,795,455 27,908,728 22,119 22,806
Non- current liabilities 1,174,325 492,208 7,381,496 4,883,583 5,885 9,283
Net assets 31,587,387 29,837,286 22,720,934 18,446,021 407,417 350,876
Reconciliation to carrying amounts

Net assets as at July 1 29,837,690 33,873,469 18,446,021 18,926,735 350,876 291,654
Profit/(loss) for the year 1,770,100 (4,063,762) 4,919,632 1,008,294 56,540 59,222
Other comprehensive (loss)/income (19,999) 27,983 2,244 3,984 - -
Dividends paid - - (646,963) (1,492,992) - -
Net assets as at June 30 31,587,791 29,837,690 22,720,934 18,446,021 407,416 350,876
Group's percentage shareholding in the
associate 25% 25% 7.0175% 7.0175% 10% 10%

Group’s share in net assets 7,896,948 7,459,423 1,594,442 1,294,450 40,742 35,088
Excess of purchase consideration over
carrying amount at the date of acquisition 6,371,355 6,371,355 1,242,982 1,242,982 - -
Proportionate share in carrying value of
net assets before impairment 14,268,303 13,830,778 2,837,424 2,537,432 40,742 35,088

Impairment (3,808,877) (5,434,289) - - - -

Carrying amount of investment 10,459,426 8,396,489 2,837,424 2,537,432 40,742 35,088
Summarised statements of
comprehensive income
Net revenue 139,625,198 125,612,646 188,645,375 201,078,720 151,297 142,949

(Loss)/ profit for the year 1,770,100 (4,063,762) 4,919,632 1,008,294 56,540 59,222
Other comprehensive income (19,999) 27,983 2,244 3,984 - -
Total comprehensive income 1,750,101 (4,035,779) 4,921,876 1,012,278 56,540 59,222

Dividend received from associates - - 45,401 104,771 - -

ANNUAL REPORT 2021 213