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Jordan Mortgage Refinance Company
Public Shareholding Company
Statement of Changes In Shareholders’ Equity
For The Year Ended December 31, 2007

 (In Jordanian Dinars)

_________________________________________________________________________________________________

 

 

Capital

Statutory Reserve

Voluntary Reserve

Revaluation Reserve

Retained Earnings

Total

             

Balance as at January 1, 2007

5,000,000

421,497

678,028

107,429

250,000

6,456,954

Profit for the period
-
-
-
-

671,446

671,446

Dividends paid
-
-
-
-

(    250,000)

(    250,000)

Revaluation Reserve
-
-
-
84,715
-
84,715
Reserves
-

97,060

194,120

-

(     291,180)

-
Balance as at December 31, 2007

5,000,000

518,557

872,148

192,144

380,266

6,963,115

 
-
-
-
-
-
-
Balance as at January 1, 2006

5,000,000

369,674

666,782

173,754

350,000

  6,560,210

Profit for the period
-
-
-
-

313,069

313,069

Dividends paid
-
-
-
-

(    350,000)

(  350,000)

Revaluation Reserve
-
-
-

(  66,325)

-

(    66,325)

Reserves
-

51,823

11,246

-

(     63,069)

-
Balance as at December 31, 2006

5,000,000

421,497

678,028

107,429

250,000

6,456,954