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, 2010

_________________________________________________________________________________________________

Capital

Statutory Reserve

Voluntary Reserve

Fair Value Adjustments

Retained Earnings

Total

Balance as at January 1, 2010

5,000,000

900,730

1,438,598

( 43,750)

1,233,146

8,528,724

Profit for the year

1,070,140

Fair value Adjustments

( 2,500)

Comprehensive income for the year

( 2,500)

1,070,140

1,067,640

Dividends paid

( 1,000,000)

Reserves

151,360

302,720

( 454,080)

Balance as at December 31, 2010

5,000,000

1,052,090

1,741,318

( 46,250)

849,206

8,596,364

Balance as at January 1, 2009

5,000,000

702,834

1,240,702

( 37,500)

762,610

7,668,646

Profit for the year

1,466,328

Fair value Adjustments

( 6,250)

Comprehensive income for the year

( 6,250)

1,466,328

1,460,078

Dividends paid

( 600,000)

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"