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JORDANIAN REALESTATE COMPANY FOR DEVELOPMENT Financial

Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.48 0.36 0.35
Value Traded (JD) 3,012,040 649,100 284,912
No. of Shares Traded 6,793,638 1,729,400 765,569
No. of Transactions 5,068 1,003 685
No. of Subscribed Shares 34,500,000 34,500,000 34,500,000
Market Capitalization (JD) 16,560,000 12,420,000 12,075,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Current Assets
Cash on Hand & at Banks 8,010,531 6,432,830 5,235,319
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 0 0 20,996,555
Receivables from Related Parties 0 0 230,138
Cheques to Be Collected 13,430 54,974 72,259
Other Current Assets 19,442,413 20,737,785 324,906
Total Current Assets 28,347,887 27,770,181 27,355,230
Non-Current Assets
Investments in Real Estates 4,648,061 4,660,944 0
Financial Assets at Fair Value Through Other Comprehensive Income 4,415,726 4,118,083 4,008,885
Fixed Assets, Net 150,057 148,950 4,739,077
Projects in Progress 53,515 49,142 0
Investments in Companies (Sister and Affiliate) 11,623 32,782 32,783
Other Non-Current Assets 10,780 0 52,200
Total Non-Current Assets 9,289,762 9,009,901 8,832,945
Total Assets 37,637,649 36,780,082 36,188,175

Liabilities (JD)

2021 2020 2019
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Current Part of Long Term Loans 0 0 0
Accounts Payable to Related Parties 0 0 23,273
Post Dated Cheques 0 0 88,713
Other Current Liabilities 1,375,832 1,439,595 1,163,712
Total Current Liabilities 1,375,832 1,439,595 1,361,690
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 0 0 0
Total Liabilities 1,375,832 1,439,595 1,361,690

Shareholders Equity (JD)

2021 2020 2019
Authorized Capital 34,500,000 34,500,000 34,500,000
Subscribed Capital 34,500,000 34,500,000 34,500,000
Paid in Capital 34,500,000 34,500,000 34,500,000
Compulsory Reserves 2,181,177 2,136,023 2,123,541
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 36,479 36,479 36,479
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 -1,743,637 -2,340,454 -2,770,291
Retained Earnings 1,287,798 1,008,439 936,756
Total Owners' Equity (Pertaining to Company's Shareholders) 36,261,817 35,340,487 34,826,485
Non-controlling Interest 0 0 0
Total Owners' Equity 36,261,817 35,340,487 34,826,485
Total Liabilities & Owners' Equity 37,637,649 36,780,082 36,188,175

Income Statement (JD)

2021 2020 2019
Revenues
Lands and Apartments Sales Revenue 417,203 393,942 350,080
Rents and Services Revenue 227,836 261,012 137,787
Real Estate Revaluation 0 0 0
Total Operating Revenues 645,039 654,954 487,867
Profits From Sales of Securities 0 0 0
Securities Revaluation 0 0 0
Dividends 76,174 162,682 138,987
Companies Share of Sister and Affiliate Companies Profit -37,785 0 0
Other Revenues 386,403 305,238 322,414
Total Revenues 1,069,831 1,122,874 949,268
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 493,929 458,910 440,699
Depreciation 125,475 104,285 99,932
Contingent Liabilities Provision 0 0 11,257
Other Operating Expenses 91,921 358,758 60,100
Total Operating Expenses 585,850 817,668 512,056
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses 483,981 305,206 437,212
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 483,981 305,206 437,212
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 31,500 11,953 31,382
Previous Years Income Tax 0 0 0
Income Tax 86,748 34,971 70,267
Net Profit 365,733 258,282 335,563
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 365,733 258,282 335,563

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 6,432,830 5,235,319 5,965,611
Net Cash Flow from (Used in) Operating Activities 1,107,893 964,887 -1,131,474
Net Cash Flow from (Used in) Investing Activities 469,808 232,624 401,182
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 8,010,531 6,432,830 5,235,319

Financial Ratios

2021 2020 2019
Turnover Ratio % 19.690 5.010 2.220
Earnings Per Share (JD) 0.010 0.010 0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.050 1.020 1.010
Price Earnings Ratio (Times) 45.280 48.090 35.980
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) 0.460 0.350 0.350
Return On Assets % 0.970 0.700 0.930
Return On Equity % 1.010 0.730 0.960
Debt Ratio % 3.660 3.910 3.760
Equity Ratio % 96.340 96.090 96.240
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.020 0.020 0.010
Fixed Assets Turnover (Times) 4.300 4.400 0.100
Working Capital Turnover (Times) 0.020 0.020 0.020
Current Ratio (Times) 20.600 19.290 20.090
Working Capital (JD) 26,972,055.000 26,330,586.000 25,993,540.000