Page 187 - Pakistan Oilfield Limited - Annual Report 2022

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Annual Report 2022

38. TRANSACTIONS WITH RELATED PARTIES
38.1 Aggregate transactions with related parties, other than remuneration to the chief executive, directors and
executives of the Company under their terms of employment, were as follows:

Basis of Relationship 2022 2021
Rupees ('000)

Parent company - The Attock Oil Company Holding company
Limited
Dividend paid 7,489,766 7,489,766
Rental expense 58,783 51,065
Purchase of LPG 134,942 79,744
Reimbursement of expenses incurred by
AOC on behalf of POL 4,045 2,348
Reimbursement of expenses incurred by
POL on behalf of AOC - 9,275
Subsidiary company - Capgas (Private) Subsidiary with 51%
Limited shareholding
Reimbursement of expenses incurred by
POL on behalf of CAPGAS 11,990 11,493
Reimbursement of expenses
incurred by CAPGAS on behalf of POL 8,838 7,372
Rental Income 1,404 1,404
Dividend received 21,226 12,737
Purchase of LPG 51,223 -
Associated companies
Attock Refinery Limited Common directorship
Sale of crude oil and gas 28,278,660 13,543,270
Crude oil and gas transmission charges 4,201 4,454
Rental Income 2,908 2,885
Rental expense 1,466 1,403
Reimbursement of expenses incurred by
POL on behalf of ARL 1,012 551
Reimbursement of expenses incurred by
ARL on behalf of POL 26,665 20,485
Purchase of fuel 21,473 12,548
Purchase of LPG 209,391 204,884

National Refinery Limited 25% share holding &
Sale of crude oil common directorship 18,603 1,382,382
Reimbursement of expenses incurred
by POL on behalf of NRL 6 -
Reimbursement of expenses incurred
by NRL on behalf of POL 615 397
Rental expense 3,102 2,554
Purchase of LPG 241,019 143,894
Dividend received 199,916 -