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IRBID DISTRICT ELECTRICITY Financial

Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 9.90 8.65 11.00
Value Traded (JD) 482,068 363,737 367,751
No. of Shares Traded 49,864 34,963 36,502
No. of Transactions 761 270 874
No. of Subscribed Shares 10,000,000 8,000,000 8,000,000
Market Capitalization (JD) 99,000,000 69,200,000 88,000,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Cash on Hand & at Banks 83,141 1,406,682 23,879
Notes Receivable 0 0 0
Post Dated Cheques 0 0 0
Short Term Investments 0 0 0
Inventory 4,282,030 3,403,246 2,769,248
Spare Parts 0 0 0
Total Current Assets 140,205,825 101,815,853 144,945,187
Long Term Investments 286,719 286,719 286,719
Fixed Assets, Net 131,054,008 129,014,471 122,013,718
Lands 638,309 638,309 638,309
Projects in Progress 5,015,794 7,017,111 18,064,517
Total Fixed Assets 136,708,111 136,669,891 140,716,544
Other Assets 98,209,280 95,209,017 89,288,604
Total Assets 375,409,935 333,981,480 375,237,054

Liabilities (JD)

2021 2020 2019
Credit Banks 51,611,016 39,682,671 37,263,047
Short Term Loans 0 0 0
Current Part of Long Term Loans 0 3,111,110 3,111,110
Total Current Liabilities 177,940,414 150,016,604 197,464,635
Long Term Loans & Notes Payable 18,666,670 15,555,560 18,666,670
Corporate Bonds 0 0 0
Other Liabilities 156,365,791 148,874,499 143,726,168
Total Liabilities 352,972,875 314,446,663 359,857,473

Shareholders Equity (JD)

2021 2020 2019
Authorized Capital 10,000,000 8,000,000 8,000,000
Subscribed Capital 10,000,000 8,000,000 8,000,000
Paid in Capital 10,000,000 8,000,000 8,000,000
Compulsory Reserves 2,500,000 2,210,264 2,210,264
Voluntary Reserve 638,778 638,778 638,778
Other Reserves 0 0 0
Purchase of Non-controlling interest differences 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 6,000,000 4,000,000 3,600,000
Stock Dividends 0 2,000,000 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings 3,298,282 2,685,775 930,539
Total Shareholders Equity 22,437,060 19,534,817 15,379,581
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 375,409,935 333,981,480 375,237,054

Income Statement (JD)

2021 2020 2019
Operating Revenues 266,690,777 252,928,973 261,472,910
Operating Expenses 217,102,549 205,372,663 219,979,701
Gross Profit 49,588,228 47,556,310 41,493,209
General and Administrative Expenses 24,975,899 22,859,509 23,548,555
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 11,649,806 10,792,830 9,951,784
Other Operating Expenses 13,394,535 11,960,213 10,312,957
Net Operational Income 11,217,794 12,736,588 7,631,697
Other Revenues 8,307,380 9,309,882 11,330,897
Other Expenses 5,523,064 8,285,567 9,956,199
Income Before Interest & Tax 14,002,110 13,760,903 9,006,395
Interest Expenses 3,486,228 3,040,150 4,061,846
Net Income Before Tax 10,515,882 10,720,753 4,944,549
Income Tax (period) 3,574,039 2,925,917 1,392,018
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 39,600 39,600 0
Net Income 6,902,243 7,755,236 3,552,531
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 6,902,243 7,755,236 3,552,531

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) -38,275,989 -37,239,168 -32,101,928
Net Cash Flow from (Used in) Operating Activities 17,674,393 28,970,459 38,795,713
Net Cash Flow from (Used in) Investing Activities -23,238,951 -19,755,098 -30,339,376
Net Cash Flow from (Used in) Financing Activities -7,687,328 -10,252,182 -13,593,577
Cash Balance (Ending) -51,527,875 -38,275,989 -37,239,168

Financial Ratios

2021 2020 2019
Turnover Ratio % 0.499 0.437 0.456
Earning Per Share (JD) 0.690 0.969 0.444
Dividend Per Share (JD) 0.600 0.500 0.450
Book Value Per Share (JD) 2.244 2.442 1.922
Price Earnings Ratio (Times) 14.343 8.923 24.771
Dividend Yield % 6.061 5.780 4.091
Dividends Per Share to Earning Per Share % 86.928 51.578 101.336
Price to Book Value (Times) 4.4123 3.5424 5.7219
Gross Margin % 18.594 18.802 15.869
Margin Before Interest and Tax % 5.250 5.441 3.445
Profit Margin % 2.588 3.066 1.359
Return On Assets % 1.839 2.322 0.947
Return On Equity % 30.763 39.700 23.099
Debt Ratio % 94.023 94.151 95.901
Equity Ratio % 5.977 5.849 4.099
Interest Coverage Ratio (Times) 4.016 4.526 2.217
Total Assets Turnover (Times) 0.710 0.757 0.697
Fixed Assets Turnover (Times) 1.951 1.851 1.858
Working Capital Turnover (Times) -7.068 -5.247 -4.979
Current Ratio (Times) 0.788 0.679 0.734
Working Capital (JD) -37,734,589.000 -48,200,751.000 -52,519,448.000