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UNIDO

JEDCO

JUMP

   
   Financial Statements  
 

 

ANNUAL REPORT

Download The 11th Annual Report 2004

Download The 12th Annual Report 2005

Download The 13th Annual Report 2006

 

FINANCIAL STATEMENTS

Balance Sheets as of December 31, 2006 and  2005

Statements of income for 2006 vs. 2005

Statements of changes in shareholders' equity for 2006 vs. 2005

Statements of cash flows for 2006 vs. 2005

BALANCE SHEETS
AS AT DECEMBER 31, 2006

ASSETS

2006
JD

2005
JD

Cash on hand and at banks

10,237,068

4,657,285

Trading investments

8,681,794

8,940,611

Available for sale investments

2,093,189

2,485,609

Held to maturity investments

2,452,000

3,452,000

Property and equipment

134,050

144,372

Deferred tax assets
399,494
-

Accounts receivable and other assets

371,701

353,240

Total Assets

24,369,296

20,033,117

LIABILITIES AND EQUITY

Liabilities:

Income tax provision

343,029

136,000

Central Bank of Jordan Loan

5,160,695

-

Provisions for loan guarantee

1,911,436

1,819,577

Deferred tax liabilities

-

234,693

Accounts payable and other liabilities

273,356

311,568

Total Liabilities

7,688,516

2,501838

 

Equity:

Share capital

10,000,000

10,000,000

Statutory reserve

1,041,818

1,041,818

Voluntary reserve

1,874,190

1,874,190

Fair value reserve

1,011,005

1,378,898

Retained earnings

2,753,767

3,236,373

Total Equity

16,680,780

17,531,279

Total Liabilities and Equity

24,369,296

20,003,117

STATEMENTS OF INCOME
 FOR THE YEAR ENDED DECEMBER 31, 2006
 


Revenues

2006
JD

2005
JD

Interest income

506,099

189,565

Commissions on guaranteed loans

436,267

433,857

Commissions on guaranteed industrial loans and financial leasing

55,753

52,448

Commissions on guaranteed export loans  and domestic buyers

110,880

51,926

(Loss) income from investments

(  515,515)

3,115,766

Other income

2,986

3,541

Total revenues

596,470

3,487,103

 

Less:

 

 

Administrative expenses

770,281

669,225

Provision for end of service indemnity

7,875

7,875

Other fees

3,552

142,958

(Loss) profit before tax

( 185,238)

3,027,045

Income tax benefits (expense)

402,632

(278,767)

Profit for the year

217,394

2,748,278

Basic and diluted earnings per share

0.022

0.275

STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2006

 

Paid in Capital
JD

Reserves

Fair Value Reserve
JD

Retained
Earnings 
JD

Total
JD

Statutory
JD

Voluntary
JD

Balance as ofJanuary 1,2006

10,000,000

1,041,818

1,874,190

1,378,898

3,236,373

17,531,279

Fair value reserve

-

-

-

(367,893)

-

( 367,893)

Total income and
expenses recognised directly in equity

-

-

-

( 367,893)

-

( 367,893)

Profit for the Year

-

-

-

-

 217,394

217,394

Total income and expenses for the year

-

-

-

( 367,893)

217,394

( 150,499)

Dividends paid

-

-

-

-

(700,000)

(700,000)

Balance as of December 31, 2006

10,000,000

1,041,818

1,874,190

1,011,005

2,753,767

16,680,780

             
  Balance as of  January 1, 2005

10,000,000 

 724,818

 1,240,190

 996,596

2,039,095 

 15,000,699

Realized revenue / effect  of adopting IAS (39)

-

-

-

(32,250)

-

( 32,250)

Fair value reserve

-

-

-

 414,552

-

414,552

Total income and
expenses recognised directly in equity

-

-

-

382,302

-

382,302

Profit for the year

-

-

-

-

2,748,278

 2,748,278

Total income and expenses for the year

-

-

-

382,302

2,748,278

3,130,580

Transfers to reserves

-

317,000

 634,000

-

( 951,000)

-

Dividends paid

-

-

-

-

(  600,000)

( 600,000)

Balance as of December 31, 2005

10,000,000

1,041,818

1,874,190

1,378,898

3,236,373

17,531,279

STATEMENTS OF CASH FLOWS 
FOR THE YEAR ENDED DECEMBER 31, 2006

CASH FLOWS FROM OPERATING ACTIVITIES

2006
JD

2005
JD

(Loss) profit before tax

( 185,238)

3,027,045

Adjustments:     

 

 

Depreciation

35,586

34,935

Provision for exports' guarantees and domestic buyers

7,875

7,875

Employees incentive provision

25,018

20,000

Non - cash revenues

-

(1,721)

Gain from sale of investments

-

(1,218,937)

Gain from valuation of trading investments

670,546

(1,636,231)