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

(In Jordanian Dinars)

______________________________________

 

 

Note

2007

2006

 

 

 

 

Interest income

12

11,588,015

8,588,554

Interest expense

13

( 10,061,119)

( 7,498,537)

Gross operating income

 

1,526,896

1,090,017

General and administrative expenses

14

(      537,462 )

(    550,909)

Depreciation

6

(        26,358)

(      29,632)

Other revenues

 

7,525

8,758

Fees and other expenses

15

(       67,466)

(     41,094)

Profit before income tax

 

903,135

477,140

Income tax expense

 

(     231,689)

(   164,071)

Profit for the period

 

671,446

313,069

 

 

 

 

 

 

 

 

Earnings per share

16

0.134

0.063

"The attached notes from (1) to (22) are part of these financial statements