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Jordan Mortgage Refinance Company
Public Shareholding Company
Statement of Cash Flows
For The Year Ended December 31, 2010

(In Jordanian Dinars)

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

 

 

 

2010

2009

Cash Flows From Operating Activities

   
Profit for the period before income tax

1,443,465

1,872,445

Depreciation

21,146

21,763

Change in Operating Assets & Liabilities

   
Interests receivable and other current assets

( 201,477)

801,213

Refinance loans

38,004,237

60,389,223

Employees' housing loans

( 220,591)

( 129,185)

Accrued interests and other current liabilities

( 663,973)

( 1,439,754)

Bonds

( 29,000,000)

( 52,500,000)

Government’s loan

( 921,314)

( 870,826)

Central Bank of Jordan loan

562,922

535,493

Paid income tax

( 406,117)

( 454,614)

Net Cash from Operating Activities

8,618,298

8,225,758

Cash Flows From Investing Activities

   
Property and equipment

( 10,039)

( 14,274)

Cash Flows From Financing Activities

   
Dividends paid

( 1,000,000)

( 600,000)

Change in cash & cash equivalents

7,608,259

7,611,484

Cash & cash equivalents at beginning of the year

9,627,179

2,015,695

Cash & cash equivalents at end of the year

17,235,438

9,627,179