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ARAB INTERNATIONAL HOTELS Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.84 0.95 1.18
Value Traded (JD) 245,234 747,570 284,601
No. of Shares Traded 282,372 697,725 236,414
No. of Transactions 228 250 422
No. of Subscribed Shares 32,000,000 32,000,000 32,000,000
Market Capitalization (JD) 26,880,000 30,400,000 37,760,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 2,736,877 1,953,726 6,394,962
Notes Receivable 0 0 0
Post Dated Cheques 0 0 0
Short Term Investments 0 0 0
Inventory 384,553 397,667 452,354
Spare Parts 0 0 0
Total Current Assets 9,180,686 4,922,863 7,648,119
Long Term Investments 54,240,904 55,881,013 57,209,895
Fixed Assets, Net 10,428,858 11,062,575 14,003,563
Lands 2,094,168 2,094,168 0
Projects in Progress 1,980,284 2,134,590 0
Total Fixed Assets 14,503,310 15,291,333 14,003,563
Other Assets 0 0 1,500,000
Total Assets 77,924,900 76,095,209 80,361,577

Liabilities (JD)

2019 2018 2017
Credit Banks 0 124,575 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 1,484,310 2,193,310 1,862,444
Total Current Liabilities 3,929,197 5,342,965 4,814,434
Long Term Loans & Notes Payable 7,656,301 4,886,611 6,813,527
Corporate Bonds 10,000,000 10,000,000 10,000,000
Other Liabilities 0 0 0
Total Liabilities 21,585,498 20,229,576 21,627,961

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 32,000,000 32,000,000 32,000,000
Subscribed Capital 32,000,000 32,000,000 32,000,000
Paid in Capital 32,000,000 32,000,000 32,000,000
Compulsory Reserves 8,000,000 8,000,000 8,000,000
Voluntary Reserve 8,000,000 13,000,000 14,000,000
Other Reserves 0 0 0
Purchase of Non-controlling interest differences 0 0 0
Issuance Premium 3,644,693 3,644,693 3,644,693
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 1,920,000 1,920,000 2,080,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value -5,956,688 -4,141,007 -2,887,034
Retained Earnings 8,731,397 1,441,947 1,895,957
Total Shareholders Equity 56,339,402 55,865,633 58,733,616
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 77,924,900 76,095,209 80,361,577

Income Statement (JD)

2019 2018 2017
Operating Revenues 10,822,183 11,143,794 11,077,223
Operating Expenses 8,183,363 8,307,211 8,068,771
Gross Profit 2,638,820 2,836,583 3,008,452
General and Administrative Expenses 829,136 776,697 866,070
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 1,362,110 1,218,824 1,142,659
Other Operating Expenses 1,362,110 1,218,824 1,142,659
Net Operational Income 447,574 841,062 999,723
Other Revenues 5,018,839 667,004 1,237,443
Other Expenses 0 0 0
Income Before Interest & Tax 5,466,413 1,508,066 2,237,166
Interest Expenses 1,044,148 918,859 791,780
Net Income Before Tax 4,422,265 589,207 1,445,386
Income Tax (period) 147,815 79,017 143,678
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 65,000 44,200 65,000
Net Income 4,209,450 465,990 1,236,708
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 4,209,450 465,990 1,236,708

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 1,829,151 6,394,962 1,601,761
Net Cash Flow from (Used in) Operating Activities -2,016,514 1,797,808 2,297,105
Net Cash Flow from (Used in) Investing Activities 3,827,698 -1,768,710 -897,201
Net Cash Flow from (Used in) Financing Activities -903,458 -4,594,909 3,393,297
Cash Balance (Ending) 2,736,877 1,829,151 6,394,962

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.882 2.180 0.739
Earning Per Share (JD) 0.132 0.015 0.039
Dividend Per Share (JD) 0.060 0.060 0.065
Book Value Per Share (JD) 1.761 1.746 1.835
Price Earnings Ratio (Times) 6.386 65.238 30.533
Dividend Yield % 7.143 6.316 5.509
Dividends Per Share to Earning Per Share % 45.612 412.026 168.188
Price to Book Value (Times) 0.4771 0.5442 0.6429
Gross Margin % 24.383 25.454 27.159
Margin Before Interest and Tax % 50.511 13.533 20.196
Profit Margin % 38.897 4.182 11.164
Return On Assets % 5.402 0.612 1.539
Return On Equity % 7.472 0.834 2.106
Debt Ratio % 27.700 26.585 26.913
Equity Ratio % 72.300 73.415 73.087
Interest Coverage Ratio (Times) 5.235 1.641 2.826
Total Assets Turnover (Times) 0.139 0.146 0.138
Fixed Assets Turnover (Times) 0.746 0.729 0.791
Working Capital Turnover (Times) 2.061 -26.526 3.909
Current Ratio (Times) 2.337 0.921 1.589
Working Capital (JD) 5,251,489.000 -420,102.000 2,833,685.000