Year 2007
Year 2007
Year 2007
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STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY<br />
Financial statements in which the equity method is applied<br />
For the years ended December 31, <strong>2007</strong> and 2006<br />
Issued and<br />
Paid-up<br />
Premium on<br />
Share Capital<br />
Share Capital<br />
Balance as at January 1, 2006 390,000 1,442,500<br />
Surplus on Revaluation of Investments - -<br />
Net Income for the <strong>Year</strong> - -<br />
Transfer to Legal Reserve (Note 16) - -<br />
Stock Dividend (Note 14) 117,000 -<br />
Dividend Paid (Note 15) - -<br />
Balance as at December 31, 2006 507,000 1,442,500<br />
Surplus on Revaluation of Investments - -<br />
Net Income for the <strong>Year</strong> - -<br />
Dividend Paid (Note 15) - -<br />
Balance as at December 31, <strong>2007</strong> 507,000 1,442,500<br />
The accompanying notes are an integral part of the financial statements.<br />
Separate financial statements in which the cost method is applied<br />
For the years ended December 31, <strong>2007</strong> and 2006<br />
Issued and<br />
Paid-up<br />
Premium on<br />
Share Capital<br />
Share Capital<br />
Balance as at January 1, 2006 390,000 1,442,500<br />
Surplus on Revaluation of Investments - -<br />
Net Income for the <strong>Year</strong> - -<br />
Transfer to Legal Reserve (Note 16) - -<br />
Stock Dividend (Note 14) 117,000 -<br />
Dividend Paid (Note 15) - -<br />
Balance as at December 31, 2006 507,000 1,442,500<br />
Surplus on Revaluation of Investments - -<br />
Net Income for the <strong>Year</strong> - -<br />
Dividend Paid (Note 15) - -<br />
Balance as at December 31, <strong>2007</strong> 507,000 1,442,500<br />
The accompanying notes are an integral part of the financial statements.<br />
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