Annual Report 2011 - Jordan Investment and Finance bank

The Bank’s management anticipate that the adoption of the above Standards114and Interpretations in future years will have no material impact on theconsolidated financial statements of the Bank in the period of initial application.54. Subsequent Events- During the subsequent period, the Bank sold fixed assets represented byplots of land and buildings of the old head quarter location for an amount ofJD 9.1 million which had a net book value JD 4.8 million on the date of sale toone of the Jordanian Banks.- In addition, during the subsequent period, capital increase procedures werefinalized, and subscribed shared became 11,116,574 shares out of 14,750,000share that have been put in the private offering according to the securitiesDepository Center certificate. As a result the subscribed and paid-up capitalbecame JD 99,366,574 per share.Notes to the consolidtaed financial statements