Page 219 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

2021 2020
Rupees ('000)

23. OTHER FINANCIAL ASSETS

Investments at fair value through profit or loss - 6,519

23.1 Investments classified as fair value through profit or loss

Balance at the beginning of the year 6,519 813,478
Additions during the year 300,621 2,226,167
Redemptions during the year (307,169) (3,033,172)
Fair value adjustment 29 46
Balance at the end of the year - 6,519
23.1.1 Investments classified as fair value through profit or loss at June 30 include the following

2021 2020
Number of Cost Fair Number of Cost Fair
units value units value
Rupees (‘000) Rupees (‘000)
Listed securities:

Meezan Sovereign Fund - - - 12,967 545 670
Pakistan Cash Management Fund - - - 15,869 634 801
Atlas Money Market Fund - - - 37 2 19
UBL Liquidity Plus Fund - - - 26,883 2,707 2,709
Atlas Income Fund - - - 4,453 1,316 2,320
- - - 60,209 5,204 6,519
23.1.2 The fair value of listed securities is based on quoted market prices at the statement of financial
position date. The quoted market price used is the current bid price.

24. SHORT TERM INVESTMENTS - AT AMORTISED COST

This amount represents Treasury Bills having maturity of 3 months or less purchased at yield ranging
from 7.05% to 8.35% per annum (2020: 7.85% to 14.32% per annum).

ANNUAL REPORT 2021 217