Annual Report 2011 - Jordan Investment and Finance bank

48Consolidated Statement Of Comprehensive IncomeDecember 31,2011 2010JDJDIncome for the Year9,595,553 10,887,111Other Comprehensive Income Items:Change in fair value reserve - net of tax(200,467) -Net Change the in fair value of available-for-sale financialassets net of tax-2,091,446Transferred to the statement of income as a result of impairmentin available-for-sale financial assets-1,187,268Total Other Comprehensive Income for the Year9,395,086 14,165,825Total Other Comprehensive Income Attributable to:Bank Shareholders9,393,577 14,171,906Non-controlling interest1,509(6,081)9,395,086 14,165,825THE ACCOMPANYING NOTES FROM (1) TO (54) CONSTITUTE AN INTEGRALPART OF THESE CONSOLIDATED FINANCIAL STATEMENTS AND SHOULDBE READ WITH THEM.PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS AND SHOULD BE READ WITH THEM.THE ACCOMPANYING NOTES FROM (1) TO (54) CONSTITUTE AN INTEGRAL-Use of the general banking risks reserve is restricted and requires the prior approval of the Central Bank of Jordan.by the Jordan Securities Commission.IFRS (9). These amounts are restricted and cannot be utilized unless realized through actual sale as instructed- Retained earnings include an amount of JD 1,615,472 as of December 31, 2011 which represents the effect of early adoption ofCentral Bank of Jordan against deferred tax assets (JD 2,016,169 as of December 31, 2010).- Included in income for the year and retained earnings is an amount of JD 2,131,456 as of December 31, 2011 restricted by theBalance - End of the Year77,500,000 -13,331,959 3,211,949 3,630,749 -9,746,611 107,421,268 173,919 107,595,187Transferred to / (from) reserves--1,615,330352,062 --(1,967,392) ---Transferred to paid-up capital (Note 26)7,500,000 -----(7,500,000) ---Non-Controlling interests--------180,000 180,000Total Other Comprehensive Income for the Year----3,278,714 -10,893,192 14,171,906 (6,081) 14,165,825transferred to the statement of income----1,187,268 --1,187,268 -1,187,268Impairment loss on available- for- sale financial assets,Net change in fair value----2,091,446 --2,091,446 -2,091,446Income for the year------10,893,192 10,893,192 (6,081) 10,887,111Balance - beginning of the year70,000,000 -11,716,629 2,859,887 352,035 -8,320,811 93,249,362 -93,249,362For the Year Ended December 31, 2010Balance - End of the Year85,250,000 14,116,574 14,710,442 3,180,766 -1,035,208 13,129,048 131,422,038 475,428 131,897,466Transferred to / (from) reserves--1,378,483(31,183) --(1,347,300) ---Private offering for capital increase (Note 22)-14,116,574---14,116,574 -14,116,574Transferred to paid-up capital (Note 26)7,750,000 -----(7,750,000) ---Non-Controlling interests--------300,000 300,000Total Other Comprehensive Income for the Year-----(200,467) 9,594,044 9,393,577 1,509 9,395,086Net change in the fair value reserve-----(200,467) -(200,467) -(200,467)Income for the year------9,594,044 9,594,044 1,509 9,595,553Adjusted balance - beginning of the year77,500,000 -13,331,959 3,211,949 -1,235,675 12,632,304 107,911,887 173,919 108,085,806Effect of early adoption of IFRS (9)----(3,630,749) 1,235,675 2,885,693 490,619 -490,619Balance - beginning of the year77,500,000 -13,331,959 3,211,949 3,630,749 -9,746,611 107,421,268 173,919 107,595,187For the Year Ended December 31, 2011JD JD JD JD JDJDJD JD JD JDcapitalReserveInterestStatutoryEarningsPaid-upPaymentson CapitalIncreaseRisksBank ShareholdersValueAttributable ToGeneral BankingChange in FairFair ValueEquityControllingTotalCumulativeRetainedSahreholders'Non-ReservesTotalConsolidated Statement Of Changes In Owners' Equity