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Jordan Mortgage Refinance Company
Public Shareholding Company
Statement of Cash Flows
For The Year Ended December 31, 2007

(In Jordanian Dinars)

 

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2007

2006

Cash Flows From Operating Activities    
Profit for the period before income tax

903,135

477,140

Depreciation

26,358

29,632

     
Change in Operating Assets & Liabilities    
Interests receivable and other current assets

      165,779

   (      471,865)

Refinance loans

(  40,411,540)

( 29,986,551)

Employees' housing loans

  8,984

9,471

Accrued interests and other current liabilities

        (16,722)

959,452

Bonds

43,350,000

26,570,000

Government’s loan

   (  776,775)

(     736,391)

Central Bank of Jordan loan

     484,583        

460,972

Paid income tax

(     127,469)

(     184,544)

Net Cash from Operating Activities

   3,606,333

(  2,872,684)

     
Cash Flows From Investing Activities    
Property and equipment

(          4,517)

(          7,975)

     
Cash Flows From Financing Activities    
Dividends paid

 (      250,000)

(     350,000)

     
Change in cash & cash equivalents

3,351,816

(   3,230,659)

Cash & cash equivalents at beginning of the year

2,527,901

5,758,560

Cash & cash equivalents at end of the year

5,879,717

2,527,901