Statement Of Changes in Shareholders Equity

Jordan Mortgage Refinance Company
Public Shareholding Company
Statement of Changes In Shareholders’ Equity
For The Year Ended December 31, 2009

_________________________________________________________________________________________________

Capital

Statutory Reserve

Voluntary Reserve

Fair Value Adjustments

Retained Earnings

Total

Balance as at January 1, 2008

5,000,000

518,557

872,148

192,144

380,266

6,963,115

Profit for the period

1,285,175

Dividends paid

( 350,000)

Revaluation Reserve

( 229,644)

Reserves

184,277

368,554

( 552,831)

Balance as at December 31, 2008

5,000,000

702,834

1,240,702

( 37,500)

762,610

7,668,646

Balance as at January 1, 2009

5,000,000

702,834

1,240,702

( 37,500)

762,610

7,668,646

Profit for the period

671,446

Dividends paid

( 600,0000)

Revaluation Reserve

( 6,250)

1,466,328

1,460,078

Reserves

197,896

( 395,792)

Balance as at December 31, 2009

5,000,000

900,730

1,438,598

( 43,750)

1,233,146

8,528,724

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