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ARAB EAST FOR REAL ESTATE INVESTMENTS CO Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.90 1.36 1.42
Value Traded (JD) 1,353,915 1,348,169 666,967
No. of Shares Traded 1,268,491 1,044,249 417,224
No. of Transactions 1,074 1,523 574
No. of Subscribed Shares 9,996,082 9,996,082 9,996,082
Market Capitalization (JD) 8,996,474 13,594,672 14,194,436
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 24,110 39,375 170,914
Financial Assets at Fair Value Through Profit 1,661,259 2,015,453 2,214,483
Real Estate Ready for Sale 9,255,954 9,251,585 9,248,425
Cheques to Be Collected 0 0 0
Other Current Assets 10,763 11,190 0
Total Current Assets 11,248,497 11,624,384 11,920,262
Non-Current Assets
Investments in Real Estates 8,253,314 8,480,810 8,480,809
Financial Assets at Fair Value Through Other Comprehensive Income 1,044,706 1,165,006 1,180,092
Fixed Assets, Net 1 1 1
Projects in Progress 1,395,212 3,342,783 3,342,783
Investments in Companies (Sister and Affiliate) 51,630 33,828 34,809
Other Non-Current Assets 10,244,459 10,055,139 10,060,362
Total Non-Current Assets 20,989,322 23,077,567 23,098,856
Total Assets 32,237,819 34,701,951 35,019,118

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 130,000 600,000 150,000
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 503,738 2,879,379 0
Total Current Liabilities 1,012,698 3,798,442 3,145,292
Non-Current Liabilities
Long Term Loan 1,082,225 614,045 1,103,968
Corporate Bonds 0 0 0
Other Non-Current Liabilities 5,957,873 5,817,365 5,872,841
Total Non-Current Liabilities 7,040,098 6,431,410 6,976,809
Total Liabilities 8,052,796 10,229,852 10,122,101

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 9,996,082 9,996,082 9,996,082
Subscribed Capital 9,996,082 9,996,082 9,996,082
Paid in Capital 9,996,082 9,996,082 9,996,082
Compulsory Reserves 4,237,110 4,211,707 4,211,707
Voluntary Reserve 8,340,577 8,340,577 8,340,577
Other Reserves 0 0 0
Issuance Premium 2,397,733 2,397,733 2,397,733
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -773,718 -653,418 -638,332
Retained Earnings -81,292 -309,923 89,898
Total Owners' Equity (Pertaining to Company's Shareholders) 24,116,492 23,982,758 24,397,665
Non-controlling Interest 68,531 489,341 499,352
Total Owners' Equity 24,185,023 24,472,099 24,897,017
Total Liabilities & Owners' Equity 32,237,819 34,701,951 35,019,118

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 2,976,010 0 1,470,407
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,976,010 0 1,470,407
Profits From Sales of Securities 0 -24 0
Securities Revaluation -354,194 -198,663 368,541
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 14,885 -981 -1,743
Other Revenues 0 24,754 284,125
Total Revenues 2,636,701 -174,914 2,121,330
Expenses
Lands and Apartments Sales Expense 2,257,536 0 1,273,446
Rents and Services Expense 0 0 0
General and Administrative Expenses 123,461 123,594 140,895
Depreciation 0 0 0
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 2,380,997 123,594 1,414,341
Other Expenses 14,546 0 0
Profit Before Interest, Income Tax and Fees Expenses 241,158 -298,508 706,989
Interest Expense 128,980 111,324 125,076
Profit Before Tax and Fees Expenses 112,178 -409,832 581,913
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 0
Income Tax 0 0 0
Net Profit 112,178 -409,832 581,913
Non-controlling Interest -141,856 -10,011 36,556
Net Income Pertaining to Shareholders 254,034 -399,821 545,357

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 39,375 170,914 167,899
Net Cash Flow from (Used in) Operating Activities -204,352 -43,425 -254,970
Net Cash Flow from (Used in) Investing Activities 521,590 -3,161 1,152,310
Net Cash Flow from (Used in) Financing Activities -332,503 -84,953 -894,325
Cash Balance (Ending) 24,110 39,375 170,914

Financial Ratios

2019 2018 2017
Turnover Ratio % 12.690 10.450 4.170
Earnings Per Share (JD) 0.030 -0.040 0.050
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 2.410 2.400 2.440
Price Earnings Ratio (Times) 35.410 -34.000 26.030
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) 0.370 0.570 0.580
Return On Assets % 0.350 -1.180 1.660
Return On Equity % 1.050 -1.670 2.240
Debt Ratio % 24.980 29.480 28.900
Equity Ratio % 75.020 70.520 71.100
Interest Coverage Ratio (Times) 1.870 -2.680 5.650
Total Assets Turnover (Times) 0.090 0.000 0.040
Fixed Assets Turnover (Times) 2,976,010.000 0.000 1,470,407.000
Working Capital Turnover (Times) 0.290 0.000 0.170
Current Ratio (Times) 11.110 3.060 3.790
Working Capital (JD) 10,235,799.000 7,825,942.000 8,774,970.000