letter from the chairman 8 11 12 13 16 29...letter from the chairman branches board of directors...
TRANSCRIPT
Letter from the Chairman
Branches
Board of Directors
Income Statement Information
Financial Statements
Notes to Financial Statements
8
11
12
13
16
29
His MajestyKing Abdullah II Bin Al-HusseinHis MajestyKing Abdullah II Bin Al-Hussein
His Royal HighnessCrown Prince Al Hussein Bin Abdullah IIHis Royal HighnessCrown Prince Al Hussein Bin Abdullah II
8
The Board of Directors is pleased to meet and welcome you to the Company’s 64th Ordinary General Assembly meeting, and to present to you its annual financial report for the fiscal year ending on 31/12/2015.
The ongoing regional instability, with its serious repercussions on the various security, economic, and social fronts, continues to be the biggest challenge that Jordan faces today, in both, its public and private sectors. Such a challenging situation that requires more and more efforts to cope with, as it might continue for a prolonged period of time with devastating ramifications, particularly those resulting from the influx of refugees from Syria and Iraq.
The financial assistance that donor countries are extending to Jordan in the face of the refugee burden is less than required and does not cater for the provision of basic needs of shelter, food, health, education, and the relevant infrastructure.
The Jordanian economy remains resilient in the face of such challenges. The Gross Domestic Product has achieved a modest growth rate of 2.3% in 2015, compared with 3% in 2014. Whereas inflation rate hovered around 2.7% compared to 2.8% in 2014. The rate of unemployment registered 13%, up from 11% for the previous year.
Amidst regional turmoil, especially in neighboring countries to Jordan, imports & exports activities have slowed down, eventually causing slower market in Marine insurance.
Stock trading volume at the Amman Stock Exchange (ASE) reached JD3.4 billion, compared to JD2.3 billion in 2014. The ASE price index fell slightly to 2136.3 points by the end of 2015 from 2165.5 points at end of 2014, being a drop of 1.35%. Meanwhile, the market value of listed shares at the ASE has amounted to JD18 billion at the end of 2015, down from JD18.1 billion for the previous year.
Investments portfolios of insurance companies backing up their reserves and capital are usually of a great importance in producing returns to meet liabilities, at the same time, their impact on company’s balance sheets are key. Recent years sluggish market conditions have negatively affected the performance of such portfolios in most companies.
Insurance industry continues to experience increasingly intense competition among companies in Jordan and the region. JIC has closed 2015 with a Gross Written Premium of JD65 million compared to JD60.3 million in the previous year, being 8% increase. Our underwriting profits stood at JD3.7 million. Today, JIC continues to hold 10% of the local market share among 25 insurance companies.
9
Net profit before taxes and fees reached JD927 K falling from JD4.4 million in the previous year.
With regard to our ratings, following a recent review in October 2015, the international rating agency A.M.Best has affirmed our company's FSR (Financial Strength Rating) at B++ (Good) and ICR (Issuer Credit Rating) at bbb+. JIC has maintained this ranking for the sixth consecutive year, despite the difficult investment and insurance environment prevailing in the region. No other insurance company in Jordan has received a higher ranking.
ReinsuranceThe unfortunate major claims that occurred in 2013, 2014, and 2015 continued to overcast the renewal of our reinsurance agreements. Nevertheless, our historical relationship with our reinsurance partners, as well as the high level of professional standards and credibility that your company enjoys, have had the biggest impact on renewing those agreements in 2016, with negligible amendments on commission levels.
Regional BranchesThe increasingly hyper competition in the UAE’s insurance sector coupled with new regulatory reforms on technical reserves introduced by the UAE’s Insurance Commission in 2015, have resulted heavy losses among most companies in the market . This has negatively affected our branches’ performance in Abu Dhabi, Dubai, and Sharjah, with a total underwriting loss of JD1.080 million, which in turn have weakened JIC's overall technical profit margin.
Gross Written Premiums by JIC's regional branches have reached JD10 million in 2015 (increasing from JD8.2 million in the previous year). This accounts for 15% of JIC's overall premiums. The Company's management continues to exert additional efforts to deal with the difficult conditions under which its regional branches are operating, as part of a well strategicplan to improve premium volume and also technical results going forward.
Real Estate and Financial InvestmentsThe continuous slight decline in the performance of financial markets year after year has negatively impacted our investment portfolios, particularly the strategic ones. Such negative impact is evident on JIC's financial assets revaluation reserve through shareholders' assets being JD7.3 million, compared to JD2.3 million in 2014. This has reduced shareholders equity by JD5 million. We are doing what we can and hopeful this situation will not continue in the future.
10
In 2015, JIC increased its share capital in the “Arabia Insurance Cooperative Company” in Saudi Arabia by JD4.6 million upon the request of the Saudi Arabian Monetary Association (SAMA), in a step to guarantee the company's business continuity; in fact, JIC did not have other options since we are considered strategic shareholders and founders of the company.
Our real estate investments continue to perform positively and they are annually re-evaluated by three accredited real estate appraisers. Thankfully, market values continue to appreciate year after year. Such strategic assets have long formed the backbone of JIC’s financial solvency, with a total fair value of JD39 million, being an increase of JD21 million from book value being JD18 million.
The occupancy ratio of our leased properties has registered 70%, and we are always doing what is necessary to increase it further.
In conclusion, the Board of Directors would like to extend its sincere gratitude and appreciation to all our employee staff for their continued hard work and commitment to the success and accomplishments of our Company.
We would also like to thank our clients and agents for their consistent trust and support, as well as our Reinsurance partners for their continued solid support.
We ask God Almighty to guide us towards more success in the service of our national economy under the guidance of His Majesty King Abdullah II Bin Al-Hussein.
Chairman of the Board Othman M. Bdeir
11
12
13
2015 65,507,676 30,942,7651,367,050 6,691,64039,001,455 22,693,79115,380,23438,074,025
927,430623,851
46,287,01922,272,2721,916,0673,551,77224,740,11115,224,9649,470,97824,695,9423,044,1692,335,262
52,058,61523,895,4223,209,2134,138,02031,242,65516,498,4249,997,85126,496,2754,746,3804,210,335
60,283,59327,436,9551,042,9556,810,59435,290,50418,741,77012,183,78530,925,5554,364,9493,507,798
58,704,94424,960,767(178,794)5,934,53630,725,50918,901,78811,142,78130,044,569
680,940270,428
17.312
3,101 56.6 %
23,407
13,930
7,757 93.4%
32.98 %
75.3 %
60.9%
14
2015
2015
2015
65,507,67632,385,435
37,265,140 15,498,624
42,458,568 16,907,61925,516,121
34,82874,726,99133,909,589
50,868,97516,983,59233,827,222
58,16177,705,84540,761,367
55,485,65417,081,84238,319,973
83,83980,620,35943,335,560
58,294,29117,165,28041,043,463
85,54882,875,00647,056,795
50,475,71217,380,53733,004,197
90,97876,845,63344,286,066
58,704,94433,052,216
28,227,72111,350,626
60,283,59330,918,582
44,518,27626,854,408
52,058,61527,067,650
24,861,6029,897,131
46,287,01923,302,311
29,280,66015,588,264
15
2015
السنة
3,701,644 5,207,291 3,004,621 3,304,400 2,826,503
2014 2015
FINANCIAL STATEMENTSFor the Year Ending 31/12/2015
17
Kareem Nabilsi
2015
2015
4,912,9084,748,52115,854,69216,907,619
34,82842,458,568
4,958,8773,134,95314,797,2095,642,6741,348,0961,367,406
95,473923,735
74,726,991
13,261,52113,546,0361,769,830
28,577,387 -
2,893,3797,347,826846,853352,005799,952
40,817,402
30,000,0007,500,000
(7,244,924) 3,654,51333,909,58974,726,991
4,768,2699,003,49220,055,46116,983,592
58,16150,868,975
2,772,5082,960,51813,860,8414,141,4141,009,7761,394,332
72,029625,452
77,705,845
2014
11,023,14412,806,7771,828,731
25,658,652207,683 1,631,0506,604,346845,263962,700
1,034,78436,944,478
30,000,0007,500,000
(2,317,225) 5,578,59240,761,36777,705,845
18
19
2015 2014
2015
51,577,354 13,930,322 (23,561,325) (8,824,110) 33,122,241 (2,238,377)
58,901 30,942,765 4,142,527 1,547,906
43,795 1,367,050 957,412
39,001,455
40,396,892 (3,131,752) (15,498,624)
188,016 21,954,532
739,259 4,416,268 2,085,278 527,852
2,684,586 1,455,127
33,862,902
801,746 306,566 390,411 2,303,075 260,000 149,324
4,211,123 927,430
(303,579) 623,851
-/021
623,851
(4,927,699) (447,930)
(4,751,778)
20
31/12/201530,000,000
- -
- - -
30,000,000
7,500,000 - -
- - -
7,500,000
(2,317,225)
(4,927,699)
(4,927,699) - -
(7,244,924)
3,483,098623,851
(447,930)
175,921 (2,100,000)
- (515,764) 1,043,255
2,095,494 - - -
- -
515,7642,611,258
40,761,367623,851
(5,375,629)
(4,751,778) (2,100,000)
-
33,909,589
30,000,000 -
- - -
- 30,000,000
7,500,000 -
- - -
- 7,500,000
1,966,766-
(4,283,991)(4,283,991)
-
-(2,317,225)
1,807,6963,476,979
-3,476,979
(1,800,000)
(1,577)3,483,098
2,061,09832,819
-32,819
-
1,5772,095,494
43,335,5603,509,798
(4,283,911)(774,193)
(1,800,000)
-40,761,367
21
29
4,364,949
468,363 402,000 471,746
250,423(12,644) (9,915)
1,760,155 878,014 167,901
8,740,992
32,936 (1,108,998) (987,560)
(1,176,198) 146,371
(611,680) (1,920,827) (414,737) 2,700,299 (991,885) (401,607) 1,306,807
(15,971) -
25,678 (400,787) (391,080)
207,683 (1,800,000) (1,592,317) (676,590) 6,445,830 5,769,240
927,430
384,2732,303,075
94,324
181,721(514,300)
-2,238,377739,259(58,901)
6,295,258
4,587,550(174,435)
(3,239,443)(1,501,260)(298,283)
1,262,329743,480
(219,414)7,455,782
(1,252,594)(108,152)6,095,036
8,483(1,600,081)
23,333(304,818)
(1,873,083)
(207,683)(2,100,000)(2,307,683)1,914,2705,769,2407,683,510
20142015
22
18,991,7281,254,919135,06819,609
20,091,970
8,102,783374,295
7,728,488
9,375,36969,542
9,305,827(1,577,339)18,514,63116,822,1493,803,633
56,56352,527
12,909,426
11,522,3261,765,896311,454
1,722,53711,254,231
10,996,6361,201,394321,290
1,291,11110,585,629
668,60213,578,02818,514,63113,578,028
4,247 1,189,790179,328
6,309,968
1,025,251237,760
2,967,556482,656
4,713,223
1,596,745
5,116,478--
12,8705,103,608
2,170,5509,347
2,161,203
2,618,4236,151
2,612,272(451,069)4,652,5393,801,974826,580
-52,527
2,922,867
2,132,190368,22342,165
865,1821,593,066
1,670,182473,68528,955
424.2551,690,657(97,591)
2,825,2764,652,5392,825,276
3,157 86,2892,830
1,919,539
441,01160,394
1,103,648-
1,605,053
314,486
13,875,2501,254,919135,0686,739
14,988,362
5,932,233364,948
5,567,285
6,756,94663,391
6,693,555(1,126,270)13,862,09213,020,1752,977,053
56,563-
9,986,559
9,390,1361,397,673269,289857,355
9,661,165
9,326,454727,709292,335866,856
8,894,972766,193
10,752,75213,862,09210,752,752
1,090 1,103,501176,498
4,390,429
584,240177,366
1,863,908482,656
3,108,170
1,282,259
16,129,532975,623120,813
-16,984,342
6,756,94663,391
6,693,555
8,077,93554,436
8,023,499(1,329,944)15,654,39813,537,8872,105,355
24,716-
11,407,816
10,653,5931,012,218279,022
1,806,5179,580,713
9,390,1361,397,672269,289857,355
9,661,164(80,451)
11,327,36515,654,39811,327,365
- 734,189124,804
5,186,026
852,346205,488
1,646,387509,098
3,213,319
1,972,707
6,302,023--
37,0426,264,981
2,618,4236,151
2,612,272
3,360,57220,002
3,340,570(728,298)5,536,6834,497,444606,163
--
3,891,281
2,677,976667,4693,700
1,020,3372,321,408
2,132,190368,22342,165
865,1821,593,066728,342
4,619,6235,536,6834,619,623
8,145 118,0041,872
1,045,081
590,62275,798
1,127,010-
1,793,430
(748,349)
22,431,555975,623120,81337,042
23,249,323
9,375,36969,542
9,305,827
11,438,50774,438
11,364,069(2,058,242)21,191,08118,035,3312,711,518
24,716-
15,299,097
13,637,0321,679,687282,722
3,131,87611,902,121
11,522,3261,765,895311,454
1,722,53711,254,230
647,89115.946.98821,191,08115,946,988
8,145 852,193126,676
6,231,107
1,442,968281,286
2,773,397509,098
5,006,749
1,224,358
2015 2014
23
2,921,119534,472553,687
2,493,074408,830
648,186556,16192,025
753,465651,706101,759(9,734)399,096
433,68942,35213,476298,24479,617
671,9925,267
560,363116,896
354,1971,828
254,998101,02715,86995,486
399,09695,486
722,38239,915154,845
1,220,752
127,38953,000367,61214,795
562,796
657,956
885,1422,304
-772,805114,641
184,735155,84628,889
190,250160,83129,419(530)
114,111
174,8985,901
-142,33626,661
483,2881,270
430,98753,571
149,445460
113,30536,60016,97143,632
114,11143,632
211,1001,773
-283,352
74,48014,862
133,726-
223,068
60,284
2,035,977532,168553,687
1,720,269294,189
463,451400,31563,136
563,215490,87572,340(9,204)284,985
258,79136,45113,476
155,90852,956
188,7043,997
129,37663,325
204,7521,368
141,69364,4271,102
51,854
284,98551,854
511,28238,142
154,845937,400
52,90938,138
233,88614,795
339,728
597,672
2,590,397510,336348,811
2,351,427400,495
753,465651,706101,759
560,362470,66689,69612,063
412,558
1,397,44931,4955,002
1,170,360190,592
1,200,97723,000
1,064,040159,937
671,9925,267
560,363116,89643,041
233,633
412,558233,633
707,39533,002
255,5531,174,875
153,99553,000
290,45612,545
509,996
664,879
908,122--
788,453119,669
190,250160,83129,419
158,368129,68728,681
738120,407
433,90316,649
-373,93343,321
876,2844,063
812,90767,440
483,2881,270
430,98753,57113,86957,190
120,40757,190
213,3291,541
-278,087
87,82715,837
138,426-
242,090
35,997
1,682,275510,336348,811
1,562,974280,826
563,215490,87572,340
401,994340,97961,01511,325
292,151
963,54614,8465,002
796,427147,271
324,69318,937
251,13392,497
188,7043,997
129,37663,32529,172
176,443
292,151176,443
494,06631,461
255,553896,788
66,16837,163
152,03012,545
267,906
628,882
20142015
24
7,549,3875,510,6945,215,3327,342,995501,754
8,777,6698,610,363167,306
5,950,5935,798,995151,59815,708
517,462
16,421,902103,712
2,176,09014,037,340
104,760
16,717,33617,690
16,284,929450,097
34,052,7122,089
33,644,010410,79139,306
144,066
517,462144,066
1,111,073110,34622,699
1,617,514
114,832166,057692,60468,122
1,041,615
575,899
9,611,1586,048,1726,403,6508,675,139580,541
6,536,1936,333,725202,468
7,641,5697,442,117199,452
3,016583,557
4,137,911388,634-9,570
3,527,907230,940
14,286,81019,034
13,833,701472,143
16,898,58918,140
16,446,174470,555
1,588232,528
583,557232,528
1,397,301148,8325,723
1,902,885
152,626193,566
1,301,53871,117
1,718,847
184,038
956,62796,46919,769922,446110,881
585,600534,73050,870
512,171464,27647,8952,975
113,856
171,4981,8322,982
155,21611,468
2,996,083411
2,888,483108,011
181,253449
161,24520,45787,55399,022
113,85699,022
268,8731,951
-285,658
101,75834,067148,813
51284,689
969
8,654,5315,951,7036,383,8817,752,693469,660
5,950,5935,798,995151,598
7,129,3986,977,841151,557
41469,701
3,966,413386,802(12,552)
3,372,691219,472
11,290,72718,623
10,945,218364,132
16,717,33617,690
16,284,929450,097(85,965)133,507
469,701133,507
1,128,428146,8815,723
1,617,226
50,868159,499
1,152,72571,066
1,434,158
183,068
1,063,52582,3707,307
1,032,165106,423
509,426461,97347,453
585,600534,73050,870(3,417)103,006
189,974924
-178,53610,514
181,253449
161,24520,457
219,89255
202,11717,8302,627
13,141
103,00613,141
287,0741,898
-378,837
107,31431,696140,139
-279,149
99,688
8,612,9125,593,0645,222,6398,375,160608,177
9,287,0959,072,336214,759
6,536,1936,333,725202,46812,291
620,468
16,611,876104,636
2,176,09014,215,876
115,274
16,898,58918,139
16,446,174470,554
34,272,6042,144
33,846,127428,62141,933
157,207
620,468157,207
1,398,147112,24422,699
1,996,351
222,146197,753832,74368,122
1,320,764
675,587
20142015
25
1,181,776350,322364,451
1,125,38442,263
759,119749,11410,005
817,864797,56820,296
(10,291)31,972
47,8109,9844,45424,9408,432
457,863-
434,33623,527
528,26381
496,49331,851(8,324)
108
31,972108
132,41014,302
-178,576
15,688-
133,897-
149,585
28,991
1,153,108161,503153,353
1,114,18147,077
847,863821,46926,394
635,008613,47121,5374,857
51,934
34,286105
-29,7534,428
815,9762,548
796,49122,033
457,863-
434,33623,527(1,494)2,934
51,9342,934
175,21614,103
-238,319
36,450-
115,050-
151,500
86,819
75,494--
61,45614,038
29,99923,9016,098
31,52525,1416,384(286)
13,752
-----
----
------
13,752-
22,728328
-36,808
10,601-
8,367-
18,968
17,840
1,077,614161,503153,353
1,052,72533,039
817,864797,56820,296
603,483588,33015,1535,143
38,182
34,286105
-29,7534,428
815,9762,548
796,49122,033
457,8630
434,33623,527(1,494)2,934
38,1822,934
152,48813,775
-201,511
25,849-
106,684-
132,533
68,978
72,786--
59,19213,594
26,50520,5046,001
29,99923,9016,098(97)
13,497
-----
----
------
13,497-
20,534407
-34,438
7,588-
8,406-
15,994
18,444
1,254,562350,322364,451
1,184,57655,857
785,624769,61816,006
847,863821,46926,394
(10,388)45,469
47,8109,9844,45424,9408,432
457,863-
434,33623,527
528,26381
496,49331,851(8.324)
108
45,469108
152,94414,709
-213,014
23,276-
142,303-
165,579
47,435
20142015
26
279,01633,376
-222,84389,549
35,54914,95620,593
90,13356,07434,059-13,46676,083
19,885--
13,8256,060
118,99654
78,92440,126
70,94190
46,07424,95715,16921,229
76,08321,229
24,8054,379
-84,038
14,443-
27,298-
41,741
42,297
329,4008,638
-100,937237,101
174,95559,390
115,565
140,05530,125
109,9305,635
242,736
69,084--
31,13537,949
153,2032,97350,117
106,059
166,8761,90078,92489,85216,20754,156
242,73654,156
19,0713,482
-211,133
25,439-
38,413-
63,852
147,281
199,012--
9,944189,068
84,8223,316
81,506
94,1743,818
90,356(8,850)180,218
19,538---
19,538
75,97532-
76,007
47,8801,846
-49,72626,28145,819
180,21845,819
3,976357
-138,732
19,381-
26,338-
45,719
93,013
130,3888,638
-90,99348,033
90,13356,07434,059
45,88126,30719,57414,48562,518
49,546--
31,13518,411
77,2282,94150,11730,052
118,99654
78,92440,126
(10,074)8,337
62,5188,337
15,0953,125
-72,401
6,058-
12,075-
18,133
54,268
179,29256-
8,697170,651
79,3043,541
75,763
84,8223,316
81,506-5,743
164,908
83,313--
11,12172,192
47,8801,846
-49,726
101,185279
33,60067,864-18,13854,054
164,90854,054
3,479341
-114,674
14,613-
28,400-
43,013
71,661
458,30833,432
-231,540260,200
114,85318,49796,356
174,95559,390
115,565-19,209240,991
103,198--
24,94678,252
166,8761,90078,92489,852
172,126369
79,67492,821-2,96975,283
240,99175,283
28,2844,720
-198,712
29,056-
55,698-
84,754
113,958
20142015
27
2015
6,142,1486,055
3,381,7692,754,324
2,286,1911,211,9821,074,209
2,551,0581,361,9111,189,147(114,938)
2,639,386
4,426,143-
2,571,6241,854,519
248,716657,818487,904418,630
292,350503,908424,054372,20446,426
1,900,945
2,639,386
1,900,945
1,496,169219,75224,232
2,478,594
231,569-
586,489575,753
1,393,811
1,084,783
6,142,1486,055
3,381,7692,754,324
2,286,1911,211,9821,074,209
2,551,0581,361,9111,189,147(114,938)
2,639,386
4,426,143-
2,571,6241,854,519
248,716657,818487,904418,630
292,350503,908424,054372,20446,426
1,900,945
2,639,386
1,900,945
1,496,169219,75224,232
2,478,594
231,569-
586,489575,753
1,393,811
1,084,783
7,757,46417,135
4,238,8373,501,492
2,960,9781,689,8471,271,131
3,336,0191,859,1821,476,837(205,706)
3,295,786
7,043,534-
3,899,7383,143,796
331,216656,730614,908373,038
273,327735,165569,472439,020(65,982)
3,077,814
3,295,786
3,077,814
1,708,739237,4543,560
2,167,725
321,323-
789,302713,270
1,823,895
343,830
7,757,46417,135
4,238,8373,501,492
2,960,9781,689,8471,271,131
3,336,0191,859,1821,476,837(205,706)
3,295,786
7,043,534-
3,899,7383,143,796
331,216656,730614,908373,038
273,327735,165569,472439,020(65,982)
3,077,814
3,295,786
3,077,814
1,708,739237,4543,560
2,167,725
321,323-
789,302713,270
1,823,895
343,830
1,442,015-
1,117,714324,301
409,920327,93681,984
497,305397,84499,461
(17,477)
306,824
1,212,720-
970,443242,277
79,928218,867239,03759,758
24,61177,34781,56820,39039,368281,645
306,824
281,645
375,818--
400,997
134,044-
283,963139,073557,080
(156,083)
1,442,015-
1,117,714324,301
409,920327,93681,984
497,305397,84499,461
(17,477)
306,824
1,212,720-
970,443242,277
79,928218,867239,03759,758
24,61177,34781,56820,39039,368281,645
306,824
281,645
375,818--
400,997
134,044-
283,963139,073557,080
(156,083)
6,315,44917,135
3,121,1233,177,191
2,551,0581,361,9111,189,147
2,838,7141,461,3381,377,376(188,229)
2,988,962
5,830,814-
2,929,2952,901,519
251,288437,863375,871313,280
248,716657,818487,904418,630
(105,350)2,796,169
2,988,962
2,796,169
1,332,921237,4543,560
1,766,728
187,279-
505,339574,197
1,266,815
499,913
6,315,44917,135
3,121,1233,177,191
2,551,0581,361,9111,189,147
2,838,7141,461,3381,377,376(188,229)
2,988,962
5,830,814-
2,929,2952,901,519
251,288437,863375,871313,280
248,716657,818487,904418,630
(105,350)2,796,169
2,988,962
2,796,169
1,332,921237,4543,560
1,766,728
187,279-
505,339574,197
1,266,815
499,913
788,248-
626,676161,572
205,728164,58241,146
409,920327,93681,984
(40,838)
120,734
476,905-
381,55395,352
24,61177,34781,56820,390
17,70152,38256,06614,0176,373
101,725
120,734
101,725
178,733-
370198,112
25,647-
184,63380,464
290,744
(92,632)
788,248-
626,676161,572
205,728164,58241,146
409,920327,93681,984
(40,838)
120,734
476,905-
381,55395,352
24,61177,34781,56820,390
17,70152,38256,06614,0176,373
101,725
120,734
101,725
178,733-
370198,112
25,647-
184,63380,464
290,744
(92,632)
6,930,3966,055
4,008,4452,915,896
2,491,9191,376,5641,115,355
2,960,9781,689,8471,271,131(155,776)
2,760,120
4,903,048-
2,953,1771,949,871
273,327735,165569,472439,020
310,051556,290480,120386,22152,799
2,002,670
2,760,120
2,002,670
1,674,902219,75224,602
2,676,706
257,216-
771,122656,217
1,684,555
992,151
6,930,3966,055
4,008,4452,915,896
2,491,9191,376,5641,115,355
2,960,9781,689,8471,271,131(155,776)
2,760,120
4,903,048-
2,953,1771,949,871
273,327735,165569,472439,020
310,051556,290480,120386,22152,799
2,002,670
2,760,120
2,002,670
1,674,902219,75224,602
2,676,706
257,216-
771,122656,217
1,684,555
992,151
2014
المجموعدينار
خارج األردندينار
داخل األردندينار
28
2014
13,348,359 356,801
7,967,477 5,024,081
2,704,364 1,043,534 1,660,830
2,719,074 890,343
1,828,731 (167,901) 4,856,180 9,557,111 199,888 139,325
6,894,790 2,722,884
1,513,832 1,101,135 412,697
1,442,475 1,139,882 302,593110,104
2,832,988 4,856,180 2,832,988
255,338 248,485 102,75048,645
2,678,410420,901(2,359)
1,018,266118,144
1,554,9521,123,458
13,930,322 527,854
8,296,256 5,106,212
2,719,074 890,343
1,828,731
2,920,612 1,150,782 1,769,830
58,901 5,165,113 9,679,297 188,016 188,615
6,630,968 3,047,730
2,639,254 2,128,549 510,705
1,513,832 1,101,135 412,697 98,008
3,145,738 5,165,113 3,145,738
126,660 258,840 90,037 449,799
2,944,711 551,785
- 1,193,389 149,097
1,894,271 1,050,440
2015
NOTES TOFINANCIAL STATEMENTS
30
1. General
2. Significant Accounting Policies
31
32
33
34
3. Use of Estimates
35
2015
2015
4,939,7124,939,712
15,115,74915,115,749
20,055,461
4,381,0334,381,033
11,473,65911,473,659
15,854,692
2014
2,537,477
2,230,7924,768,269
2,826,104
2,086,8044,912,908
425,221
1,763,0542,188,275
2,400,883
323,7502,724,633
2014
9,003,492
9,003,492
4,748,521
4,748,521
31/12/2015 31/12/2014
36
2015
2015
2015
2015
2014
117,445
2,655,0632,772,508
108,499
4,850,3784,958,877
2014
58,161
58,161
2014
13,836,2523,147,34016,983,592
13,836,2523,071,36716,907,619
34,828
34,828
2014
37,450
2,923,0682,960,518
35,350
3,099,6033,134,953
37
2015
2015
2015
481,008
30,233498,535
1,009,776
950,946
38,799358,351
1,348,096
3,962,273
161,6641,493,1305,617,067
160,000
-584,100744,100
2,118,075
35,694-
2,153,769
2,004,198
125,9702,077,2324,207,400
2014
818,585(991,885)1,136,000962,700
962,700(1,252,594)641,899352,005
2014
2,321,9261,936,802(117,314)4,141,414
3,121,0182,638,970(117,314)5,642,674
2014
14,063,5461,484,329106,721838,333
(2,632,088)13,860,841
14,386,0082,168,852
87,3942,925,509
(4,770,284)14,797,209
31/12/201431/12/2015
38
2015
2015
2015
511,113387,243297,702
153,7081,394,332
-143,325971,228
169,1631,283,716
511,113530,5681,268,930
367,4372,678,048
511,113416,855285,732
153,7061,367,406
-154,103
1,037,049
213,7311,404,883
511,113570,958
1,322,781
367,4372,772,289
2014
284,724267,90715,00557,816625,452
499,650359,7953,19261,098923,735
2014
468,09629,407
(425,474)72,029
497,50382,103
(484,133)95,473
2014
1,828,7311,828,731
1,769,8301,769,830
31/12/2015 31/12/2014
39
2015
2015
2015
2015
2014
523,854276,699349,125481,3721,631,050
1,319,980456,200695,342421,8572,893,379
2014
1,799,8764,804,4706,604,346
1,712,9875,634,8397,347,826
2014
3,27845,43120,63724,408751,509845,263
3,27857,73020,63727,527737,681846,853
2014
422,845219,70655,0002734,65596,376235,9291,034,784
370,520189,65055,0002734,655173,1456,709799,952
40
2015
2015
2015
2015 2014
29,151662,257691,408
14,775942,637957,412
2014
843,19912,644(250,423)9,915427,6201,042,955
700,397514,300
(181,721)-
334,0741,367,050
2014
53,327102,750156,077102,75053,327
43,79590,037
133,83290,03743,795
2014
1,966,766(3,662,907)(621,084)
(2,317,225)
(2,317,225)(4,927,699)
-(7,244,924)
41
2015
2015 2014
90,616125,56825,5708,67861,98224,625170,78840,70056,59377,055141,24710,40410,21119,25089,87022,297132,00024,435132,861115,89837,922212,210103,842659,9952,394,6171,992,116402,5012,394,617
124,991114,73024,5139,84563,52117,138177,16940,70061,39887,867106,6694,45010,47124,01476,21323,412132,00094,179150,290112,58130,897399,61458,930530,0972,475,6892,085,278390,4112,475,689
2014
3,923,802187,753297,028233,01114,513243,6634,899,7704,163,184736,5864,899,770
4,116,594211,928323,328261,78735,814268,5635,218,0144,416,268801,7465,218,014
42
2015 2014
2015
3,509,79830,000,00011.7
623,85130,000,0000.21
2014
117,4452,996,7322,655,0635,769,240
108,4992,724,6334,850,3787,683,510
43