Page 17 - Condensed Interim Financial Statements - For Nine Months Ended March 31, 2022

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the nine months ended March 31, 2022
(Unaudited) (Audited)
Mar. 31, 2022 Jun. 30, 2021
Rupees ('000)
4. Revenue reserves
Insurance reserve 200,000 200,000
Investment reserve 1,557,794 1,557,794
Unappropriated profit 38,069,062 34,765,718
39,826,856 36,523,512
5. Deferred liabilities
Provision for deferred income tax 5,042,527 5,585,793
Provision for decommissioning cost 16,799,158 14,389,227
Provision for staff compensated absences 2,643 3,299
21,844,328 19,978,319
6. Trade and other payables
These include balance due to joint venture partners amounting to Rs 1,399,690 thousand
(June 30, 2021: Rs 905,978 thousand) and balances due to related parties amounting to Rs
1,348,439 thousand (June 30,2021: Rs 1,366,156 thousand).
These also include payments received from a customer on account of additional revenue and
related sales tax due to enhanced gas price incentive of Rs 21,294,475 thousand (June 30,
2021: Rs 18,949,452 thousand) as explained in note 16.1.

7. Contingencies and commitments
7.1 There were no material contingencies at March 31, 2022 (June 30, 2021: Nil).

(Unaudited) (Audited)
Mar. 31, 2022 Jun. 30, 2021
Rupees ('000)
7.2 Commitments
Capital expenditure commitments outstanding
- Share in joint ventures 9,278,250 7,059,703
- Letter of credit issued by banks
on behalf of the Company 1,571,610 95,164

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