Page 17 - Condensed Interim Financial Statements - for the nine months ended March 31, 2024

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the nine months ended March 31, 2024

(Unaudited) (Audited)
Mar. 31, 2024
June 30, 2023
Rupees ('000)
4. Revenue reserves
Insurance reserve 200,000 200,000
Investment reserve 1,557,794 1,557,794
Unappropriated profit 68,902,668 63,090,864
70,660,462 64,848,658

5. Deferred liabilities
Deferred tax liability 7,678,985 4,667,144
Provisions
- Provision for decommissioning costs 25,364,130 26,090,656
- Provision for staff compensated absences 2,382 2,949
25,366,512 26,093,605
33,045,497 30,760,749

6. Trade and other payables
These include balance due to joint venture partners amounting to Rs 2,941,323 thousand
(June 30, 2023: Rs 2,580,128 thousand) and balances due to related parties amounting to Rs
2,396,421 thousand (June 30,2023: Rs 2,073,676 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 30,869,733 thousand (June 30,
2022: Rs 27,020,338 thousand) as explained in note 18.1.
7. UNPAID DIVIDEND - AWAITING REMITTANCE BY THE AUTHORIZED BANK
This represents dividend payable to parent company (non-resident), The Attock Oil Company
Limited in United Kingdom (UK), (Final divedend for the year ended June 30, 2023 and
Interim dividend for the year ending June 30, 2024 awaiting remittance by the authorized
bank due to regulatory constraints.

8. CONTINGENCIES AND COMMITMENTS
8.1 There were no material contingencies at March 31, 2024 (June 30, 2023: Nil).

(Unaudited) (Audited)
Mar. 31, 2024
June 30, 2023
8.2 Commitments Rupees ('000)
- Share in joint ventures 15,041,278 15,026,127
- Own fields 505,463 4,586,947
- Letter of credit issued by banks on
behalf of the Company 112,753 818,030
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