Page 19 - 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
Percentage Amount Percentage Amount
holding Rupees ('000) holding Rupees ('000)
11. Long term investments in subsidiary
and associated companies -at cost
Subsidiary company
Unquoted
Capgas (Private) Limited 51 1,530 51 1,530
Associated companies
Quoted
National Refinery Limited - Note 11.1 25 8,046,635 25 8,046,635
Attock Petroleum Limited 7 1,562,938 7 1,562,938
Unquoted
Attock Information Technology
Services (Private) Limited 10 4,500 10 4,500

9,615,603 9,615,603

11.1 Based on a valuation analysis, the recoverable amount of investment in National Refinery
Limited exceeds its carrying amount. The recoverable amount had been estimated based
on a value in use calculation carried out by an external investment advisor engaged by the
management, on an annual basis.
12. Trade debts
These include Rs 6,847,677 thousand (June 30, 2021: Rs 3,750,557 thousand) receivable
from related parties.
13. Advances, deposits, prepayments and other receivables
These include balances with joint venture partners amounting to Rs 251,716 thousand (June
30, 2021 : Rs 154,659 thousand) and balances with related parties amounting to Rs 224,315
thousand (June 30, 2021 : Rs 284,004 thousand).

(Unaudited) (Audited)
Mar. 31, 2022 Jun. 30, 2021
Rupees ('000)
14. Other financial assets
Investments in mutual funds classified as fair value
through profit or loss 511,297 -

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