ZaraAnnual-English2010

Consolidated Financial Statements | Notes To The Consolidated Financial Statements December 31, 2010 Annual Report 2010
7.
AVAILABLE-FOR-SALE FINANCIAL ASSETS
This item represents the Group equity investments in the following companies:
Movement on the cumulative change in fair value of available-for-sale financial assets is as follows:
2010 2009
JD
JD
Quoted shares - Local
Jordan Express Tourist Transport Co. 979,633 713,785
Jordan Projects Tourism Development Co. 21,852,957 22,357,249
22,832,590 23,071,034
Unquoted shares - Local
Jordan Hotels and Tourism Education 180,000 180,000
United Saudi Jordanian Hotels and Tourism Co. - 6,850,080
Ayla Hotels and Tourism Co. - 1,220,080
Dead Sea Conferences and Exhibitions Co. 354,000 354,000
534,000 8,604,160
Unquoted shares - Foreign
Jerusalem Tourism Investment Co. 5,800 5,800
Palestine Touristic Investment Co. 1,160,000 1,160,000
1,165,800 1,165,800
Total available-for-sale financial assets 24,532,390 32,840,994
Less: provision for unquoted shares recorded at cost ( 1,160,000) ( 1,160,000)
23,372,390 31,680,994
8.
2010 2009
JD
JD
Beginning balance 18,744,229 17,475,879
Change in fair value (note 23) (238,444) 1,352,908
Change in deferred tax liabilities 989,646 (84,558)
Ending balance 19,495,431 18,744,229
INVENTORIES
2010 2009
JD
JD
Food and beverages 711,075 672,533
Supplies and equipment 1,146,364 1,117,692
Others 190,819 350,890
2,048,258 2,141,115
Movement on available-for-sale financial assets is as follows:
2010 2009
JD
JD
Beginning balance 31,680,994 27,351,906
Capitalization of advance payments on financial
Investments
2,200,000 3,000,000
Purchases - 1,700
Impairment loss - (25,520)
Change in fair value (238,444) 1,352,908
Sales (10,270,160) -
Ending balance 23,372,390 31,680,994
Investments in unquoted shares are carried at cost as fair values cannot be reliably determined. In management’s
opinion, the costs of these investments are not materially different from their fair values.
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