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REAL ESTATE DEVELOPMENT Financial

Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.71 0.37 0.33
Value Traded (JD) 8,166,923 2,622,539 1,044,641
No. of Shares Traded 13,756,370 8,148,656 3,019,987
No. of Transactions 5,132 1,010 1,173
No. of Subscribed Shares 49,625,545 49,625,545 49,625,545
Market Capitalization (JD) 35,234,137 18,361,452 16,376,430
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Current Assets
Cash on Hand & at Banks 372,901 568,615 24,954
Financial Assets at Fair Value Through Profit 5,366,367 4,968,483 1,437,041
Real Estate Ready for Sale 0 0 11,316,442
Receivables from Related Parties 0 0 0
Cheques to Be Collected 0 240,000 0
Other Current Assets 0 0 19,963
Total Current Assets 5,845,392 6,098,159 13,110,492
Non-Current Assets
Investments in Real Estates 27,462,526 27,789,023 15,689,425
Financial Assets at Fair Value Through Other Comprehensive Income 1,382,513 1,004,171 1,112,841
Fixed Assets, Net 41,397 42,050 43,630
Projects in Progress 877,929 877,929 2,524,786
Investments in Companies (Sister and Affiliate) 1,208,319 1,188,211 1,231,728
Other Non-Current Assets 10,272,981 10,231,864 14,100,356
Total Non-Current Assets 41,245,665 41,133,248 34,702,766
Total Assets 47,091,057 47,231,407 47,813,258

Liabilities (JD)

2021 2020 2019
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Current Part of Long Term Loans 197,195 533,335 762,048
Accounts Payable to Related Parties 0 0 151,650
Post Dated Cheques 0 0 0
Other Current Liabilities 1,625,335 1,497,862 1,625,029
Total Current Liabilities 2,090,103 2,668,645 2,929,502
Non-Current Liabilities
Long Term Loan 2,597,576 3,285,701 3,881,286
Corporate Bonds 0 0 0
Other Non-Current Liabilities 4,925,297 5,252,842 5,414,520
Total Non-Current Liabilities 7,522,873 8,538,543 9,295,806
Total Liabilities 9,612,976 11,207,188 12,225,308

Shareholders Equity (JD)

2021 2020 2019
Authorized Capital 49,625,545 49,625,545 49,625,545
Subscribed Capital 49,625,545 49,625,545 49,625,545
Paid in Capital 49,625,545 49,625,545 49,625,545
Compulsory Reserves 524,268 436,517 370,748
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 2,889,115 2,889,115 2,889,115
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -1,611,087 -1,902,982 -1,823,189
Retained Earnings -19,584,446 -20,365,640 -20,924,787
Total Owners' Equity (Pertaining to Company's Shareholders) 26,065,165 24,904,325 24,359,202
Non-controlling Interest 11,412,916 11,119,894 11,228,748
Total Owners' Equity 37,478,081 36,024,219 35,587,950
Total Liabilities & Owners' Equity 47,091,057 47,231,407 47,813,258

Income Statement (JD)

2021 2020 2019
Revenues
Lands and Apartments Sales Revenue 1,346,850 3,470,641 2,976,010
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 1,346,850 3,470,641 2,976,010
Profits From Sales of Securities 500,582 -207,729 0
Securities Revaluation 0 0 -155,476
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -10,946 -35,277 20,686
Other Revenues 183,411 0 60,913
Total Revenues 2,019,897 3,227,635 2,902,133
Expenses
Lands and Apartments Sales Expense 433,094 1,946,142 3,489,979
Rents and Services Expense 0 0 0
General and Administrative Expenses 224,975 235,067 317,263
Depreciation 1,203 1,580 1,828
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 30,957 0
Total Operating Expenses 658,069 2,212,166 3,807,242
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses 1,361,828 1,015,469 -905,109
Interest Expense 284,109 401,076 433,624
Profit Before Tax and Fees Expenses 1,077,719 614,393 -1,338,733
Jordanian Universities Fees 0 0 0
Scientific Research Fees 0 0 0
Professional and Technical Training and Education Fees 0 0 0
Board Members Remuneration 50,700 83,760 0
Previous Years Income Tax 0 0 0
Income Tax 10,030 32,771 0
Net Profit 1,016,989 497,862 -1,338,733
Non-controlling Interest 148,044 -127,054 -355,431
Net Income Pertaining to Shareholders 868,945 624,916 -983,302

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 568,615 24,954 49,828
Net Cash Flow from (Used in) Operating Activities -556,131 -1,020,237 -572,292
Net Cash Flow from (Used in) Investing Activities 1,239,704 2,388,196 532,038
Net Cash Flow from (Used in) Financing Activities -879,287 -824,298 15,380
Cash Balance (Ending) 372,901 568,615 24,954

Financial Ratios

2021 2020 2019
Turnover Ratio % 27.720 16.420 6.090
Earnings Per Share (JD) 0.020 0.010 -0.020
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.530 0.500 0.490
Price Earnings Ratio (Times) 40.550 29.380 -16.650
Dividend Yield % 0.000 0.000 0.000
Dividends Per Share to Earnings Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 1.350 0.740 0.670
Return On Assets % 2.160 1.050 -2.800
Return On Equity % 3.330 2.510 -4.040
Debt Ratio % 20.410 23.730 25.570
Equity Ratio % 79.590 76.270 74.430
Interest Coverage Ratio (Times) 4.790 2.530 -2.090
Total Assets Turnover (Times) 0.030 0.070 0.060
Fixed Assets Turnover (Times) 32.530 82.540 68.210
Working Capital Turnover (Times) 0.360 1.010 0.290
Current Ratio (Times) 2.800 2.290 4.480
Working Capital (JD) 3,755,289.000 3,429,514.000 10,180,990.000