Page 240 - Pakistan Oilfields Limited - Annual Report 2021

NOTES TO AND FORMING

PART OF THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED JUNE 30, 2021

43. TRANSACTIONS WITH RELATED PARTIES

43.1 Aggregate transactions with related parties, other than remuneration to the chief executive,
directors and executive of the Group under their terms of employment, were as follows:
Basis of
Relationship 2021 2020
Rupees ('000)

Parent company - The Attock Oil Company Holding
Limited company

Rental expense 7,489,766 7,486,678
Purchase of LPG 51,065 44,140
Reimbursment of expenses incurred by AOC on
behalf of POL 79,744 63,288
Reimbursment of expenses incurred by POL on
behalf of AOC 2,348 5,145
Dividend paid 9,275 14

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 551 685
POL on behalf of ARL
Reimbursment of expenses incurred by 20,485 23,831
ARL on behalf of POL
Purchase of fuel 12,548 14,830
Purchase of LPG 204,884 259,679
National Refinery Limited 25% share
Sale of crude oil holding & 1,382,382 1,934,103
Reimbursment of expenses incurred by common - 536
POL on behalf of NRL directorship
Reimbursment of expenses incurred by 397 480
NRL on behalf of POL
Rental expense 2,554 2,929
Purchase of LPG 143,894 455,365

238 PAKISTAN OILFIELDS LIMITED