Page 19 - 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

12. LONG TERM INVESTMENTS IN SUBSIDIARY AND
ASSOCIATED COMPANIES - AT COST

(Unaudited) (Audited)

March 31, 2024 June 30, 2023
Percentage Amount Percentage Amount
holding Rupees ('000) holding Rupees ('000)
Subsidiary company
Unquoted
Capgas (Private) Limited 51 1,530 51 1,530
Associated companies
Quoted
National Refinery Limited - Note 12.1 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

12.1 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.

13. TRADE DEBTS
These include Rs 5,278,666 thousand (June 30, 2023: Rs 5,405,172 thousand) receivable
from related parties.

14. ADVANCES, DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES
These include balances due from joint operating partners amounting to Rs 260,593 thousand
(June 30, 2023: Rs 450,493 thousand) and balances due from related parties amounting to
Rs 466,944 thousand (June 30, 2023: Rs 488,571 thousand).

15. OTHER FINANCIAL ASSETS
These represents Investments in mutual funds classified as fair value through profit or loss

16. SHORT TERM INVESTMENTS
This represents Treasury Bills carried at amortised cost having maturity of less than three
months at yield ranging from 20.44% to 22.87% per annum (June 30, 2023: 21.98% to
21.99% per annum).

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