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  FINANCIAL STATMENTS  
 
 
       
 

 

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Jordan Mortgage Refinance Company
Public Shareholding Company
Balance Sheet as at December 31, 2007

(In Jordanian Dinars)

___________________________________________________________________________

  

 
Note
2007
2006
Assets
 

 

 

Cash & Cash equivalents
3

 5,879,717

2,527,901

Refinance loans
4

170,401,749

 129,990,209

Employees' housing loans  

191,398

200,382

Available for sale investments  

 1,417,144

1,332,429

Interest receivable  

1,926,972

2,094,096

Other current assets
5

82,300

80,955

Property and equipment, net
6

508,512

530,353

Total Assets  

180,407,792

136,756,325

       
Liabilities and  Equity      
Bonds
7

150,900,000

107,550,000

Government’s loan
8

9,382,793

10,159,568

Central Bank of Jordan loan
9

 9,945,555

9,460,972

Accrued interest  

2,694,526

2,756,672

Other current liabilities
10

521,803

372,159

Total Liabilities  

173,444,677

130,299,371

       

Shareholders’ Equity

11
   

Common Stock, par value JD1, authorized
and issued 5,000,000

 

 

5,000,000

 

5,000,000

Statutory reserve

 

518,557

421,497

Voluntary reserve

 

872,148

678,028

Revaluation reserve

 

192,144

107,429

Retained Earnings

 

 380,266

250,000

Total Equity

 

6,963,115

6,456,954

Total Liabilities and Shareholders’ Equity
 

180,407,792

136,756,325