Page 254 - Pakistan Oilfield Limited - Annual Report 2022

252
PAKISTAN OILFIELDS LIMITED

Notes to and Forming Part of the -
Consolidated Financial Statements

For the year ended June 30, 2022

41. EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS
OF POL - BASIC AND DILUTED 2022 2021
Profit for the year attributable to owners
of POL (in thousand rupees) 26,762,990 15,395,099

Weighted average number of ordinary shares
in issue during the year (in thousand shares) 283,855 283,855

Basic and diluted earnings per share (Rupees) 94.28 54.24

42. TRANSACTIONS WITH RELATED PARTIES
42.1 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 2022 2021
Rupees ('000)
Parent company - The Attock Oil Company Holding
Limited company
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 4,045 2,348
AOC on behalf of POL
Reimbursement of expenses incurred by - 9,275
POL on behalf of AOC

Associated companies
Attock Refinery Limited Common
Sale of crude oil and gas directorship 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 1,012 551
POL on behalf of ARL
Reimbursement of expenses incurred by 26,665 20,485
ARL on behalf of POL
Purchase of fuel 21,473 12,548
Purchase of LPG 209,391 204,884