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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.43 0.49 0.39
Value Traded (JD) 3,379,035 8,703,482 6,432,026
No. of Shares Traded 7,357,529 17,361,949 17,616,851
No. of Transactions 1,624 3,908 2,527
No. of Subscribed Shares 49,625,545 49,625,545 49,625,545
Market Capitalization (JD) 21,338,984 24,316,517 19,353,963
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 49,828 178,134 225,041
Financial Assets at Fair Value Through Profit 1,609,696 1,671,999 1,491,383
Real Estate Ready for Sale 11,312,073 11,308,912 11,240,052
Cheques to Be Collected 0 0 0
Other Current Assets 26,003 27,519 24,017
Total Current Assets 13,320,980 13,476,353 18,610,071
Non-Current Assets
Investments in Real Estates 16,446,523 16,538,970 17,827,937
Financial Assets at Fair Value Through Other Comprehensive Income 1,240,610 1,261,780 1,139,906
Fixed Assets, Net 45,459 47,331 49,124
Projects in Progress 5,175,194 5,175,194 5,179,620
Investments in Companies (Sister and Affiliate) 1,219,470 1,230,529 1,225,724
Other Non-Current Assets 13,899,461 13,924,526 13,855,650
Total Non-Current Assets 38,026,717 38,178,330 39,277,961
Total Assets 51,347,697 51,654,683 57,888,032

Liabilities (JD)

2018 2017 2016
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 1,718,984 369,385 7,870,635
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 3,945,284 3,443,001 3,514,902
Total Current Liabilities 5,996,078 4,160,484 11,712,688
Non-Current Liabilities
Long Term Loan 2,731,933 4,025,768 1,799,425
Corporate Bonds 0 0 0
Other Non-Current Liabilities 5,274,933 5,330,165 5,883,751
Total Non-Current Liabilities 8,006,866 9,355,933 7,683,176
Total Liabilities 14,002,944 13,516,417 19,395,864

Shareholders Equity (JD)

2018 2017 2016
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 370,748 370,748 370,748
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 2,889,899 2,895,564
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -1,720,701 -1,698,303 -1,859,073
Retained Earnings -19,941,485 -19,254,777 -18,697,747
Total Owners' Equity (Pertaining to Company's Shareholders) 25,444,992 26,153,314 26,543,909
Non-controlling Interest 11,899,761 11,984,952 11,948,259
Total Owners' Equity 37,344,753 38,138,266 38,492,168
Total Liabilities & Owners' Equity 51,347,697 51,654,683 57,888,032

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 170,000 1,470,407 5,840,000
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 170,000 1,470,407 5,840,000
Profits From Sales of Securities 0 0 0
Securities Revaluation -62,306 180,616 -242,922
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -5,235 -73,626 -164,878
Other Revenues 62,997 383,788 34,534
Total Revenues 165,456 1,961,185 5,466,734
Expenses
Lands and Apartments Sales Expense 92,447 1,662,692 2,414,462
Rents and Services Expense 0 0 0
General and Administrative Expenses 443,732 452,659 395,463
Depreciation 1,872 1,943 11,853
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 536,179 2,115,351 2,809,925
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -370,723 -154,166 2,656,809
Interest Expense 396,143 400,184 714,373
Profit Before Tax and Fees Expenses -766,866 -554,350 1,942,436
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 0 0 0
Previous Years Income Tax 0 0 36,465
Income Tax 0 0 0
Net Profit -766,866 -554,350 1,905,971
Non-controlling Interest -80,464 744 -36,666
Net Income Pertaining to Shareholders -686,402 -555,094 1,942,637

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 178,134 225,041 583,129
Net Cash Flow from (Used in) Operating Activities -504,405 4,456,516 -4,295,019
Net Cash Flow from (Used in) Investing Activities 170,000 1,336,500 1,071,881
Net Cash Flow from (Used in) Financing Activities 206,099 -5,839,923 2,865,050
Cash Balance (Ending) 49,828 178,134 225,041

Financial Ratios

2018 2017 2016
Turnover Ratio % 14.83 34.99 35.50
Earnings Per Share (JD) -0.01 -0.01 0.04
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.51 0.53 0.53
Price Earnings Ratio (Times) -31.09 -43.81 9.96
Dividend Yield % 0.00 0.00 0.00
Dividends Per Share to Earnings Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.84 0.93 0.73
Return On Assets % -1.49 -1.07 3.29
Return On Equity % -2.70 -2.12 7.32
Debt Ratio % 27.27 26.17 33.51
Equity Ratio % 72.73 73.83 66.49
Interest Coverage Ratio (Times) -0.94 -0.39 3.72
Total Assets Turnover (Times) 0.00 0.03 0.10
Fixed Assets Turnover (Times) 3.74 31.07 118.88
Working Capital Turnover (Times) 0.02 0.16 0.85
Current Ratio (Times) 2.22 3.24 1.59
Working Capital (JD) 7,324,902.00 9,315,869.00 6,897,383.00