Page 170 - Pakistan Oilfield Limited - Annual Report 2022

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PAKISTAN OILFIELDS LIMITED
Notes to and Forming Part of the

Financial Statements

For the year ended June 30, 2022

20.1 The maximum aggregate amount due from related parties at the end of any month during the year
was Rs 82,657 thousand (2021: Rs 77,446 thousand) respectively.
2022 2021
Rupees ('000)
20.2 The aging analysis of receivable from related parties is as follows:

Upto 3 month 82,657 77,446
3 to 6 month - -
More than 6 month - -

82,657 77,446
21. CASH AND BANK BALANCES

Bank balance on
Short term deposits 65,921,720 44,781,900
Interest/mark-up bearing saving accounts 1,760,167 2,696,309
Current accounts 36,270 91,446
67,718,157 47,569,655

Cash in hand 4,519 2,551
67,722,676 47,572,206

Balance with banks include foreign currency balances of US $ 169,602 thousand (2021: US $ 142,461
thousand). The balances in saving accounts and short term deposits earned interest / mark-up
ranging from 0.25% to 18% (2021: 0.3% to 8.21%).

2022 2021
Rupees ('000)

22. NET SALES
Crude oil 29,718,142 17,939,545

Gas - note 22.1 14,311,957 13,494,261
Less: Shrinkages / own use 2,042,897 1,779,776
12,269,060 11,714,485

POLGAS - Refill of cylinders 9,672,638 6,189,736
Solvent oil 285,062 188,811

Sulphur - 9,280
51,944,902 36,041,857