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  FINANCIAL STATMENTS  
 
 
       
 

 

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Jordan Mortgage Refinance Company
Public Shareholding Company
Balance Sheet as at December 31, 2010

(In Jordanian Dinars)

_____________________________

 
Note
2010
2009

Assets

      
Cash & Cash equivalents
3

17,235,438

9,627,179

Refinance loans
4

150,113,413

188,117,650

Employees' housing loans  

529,098

308,507

Available for sale investments  

78,750

81,250

Interest receivable  

2,391,022

2,217,675

Other current assets
5

69,268

41,138

Property and equipment, net
6

485,638

496,745

Total Assets  

170,902,627

200,890,144

Liabilities and  Equity

      
Bonds
7

140,750,000

169,750,000

Government’s loan
8

6,766,854

7,688,167

Central Bank of Jordan loan
9

11,553,372

10,990,450

Accrued interest  

2,387,036

3,040,735

Other current liabilities
10

849,001

892,068

Total Liabilities  

162,306,263

192,361,420

Equity

11
    

Paid – in capital

 

5,000,000

5,000,000

Statutory reserve
 

1,052,090

900,730

Voluntary reserve
 

1,741,318

1,438,598

Fair value adjustments  
( 46,250)

( 43,750)

Retained Earnings

 

849,206

1,233,146

Total Equity
 

8,596,364

8,528,724

Total Liabilities and Shareholders’ Equity  

170,902,627

200,890,144

"The attached notes from (1) to (24) from an integral part of these financial statements"