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EMMAR INVESTMENTS & REALESTATE DEVELOPMENT Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.19 0.17 0.20
Value Traded (JD) 2,645,903 5,325,901 2,094,644
No. of Shares Traded 12,929,148 23,744,921 10,379,367
No. of Transactions 4,140 7,406 3,480
No. of Subscribed Shares 20,000,000 20,000,000 20,000,000
Market Capitalization (JD) 3,800,000 3,400,000 4,000,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 220,724 214,663 224,507
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 3,016,010 3,083,224 3,190,604
Cheques to Be Collected 7,950 0 0
Other Current Assets 320,014 360,824 568,306
Total Current Assets 4,400,307 4,337,850 4,889,928
Non-Current Assets
Investments in Real Estates 2,716,065 2,951,546 3,263,330
Financial Assets at Fair Value Through Other Comprehensive Income 451,619 384,000 711,600
Fixed Assets, Net 4 4 4
Projects in Progress 3,080,165 3,818,482 4,295,632
Investments in Companies (Sister and Affiliate) 2,463,516 3,474,589 3,898,240
Other Non-Current Assets 160,168 199,361 161,198
Total Non-Current Assets 8,871,537 10,827,982 12,330,004
Total Assets 13,271,844 15,165,832 17,219,932

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 2,613,586 2,559,654 2,488,275
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 929,445 886,017 1,169,718
Total Current Liabilities 4,042,504 3,830,687 3,907,014
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 31,792 18,198 44,117
Total Non-Current Liabilities 31,792 18,198 44,117
Total Liabilities 4,074,296 3,848,885 3,951,131

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 20,000,000 20,000,000 20,000,000
Subscribed Capital 20,000,000 20,000,000 20,000,000
Paid in Capital 20,000,000 20,000,000 20,000,000
Compulsory Reserves 0 0 898,100
Voluntary Reserve 0 0 0
Other Reserves -2,064,537 -1,264,289 -588,732
Issuance Premium 0 0 400,814
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 -2,418,056 -3,248,212 -2,920,612
Retained Earnings -6,319,859 -4,170,552 -4,520,769
Total Owners' Equity (Pertaining to Company's Shareholders) 9,197,548 11,316,947 13,268,801
Non-controlling Interest 0 0 0
Total Owners' Equity 9,197,548 11,316,947 13,268,801
Total Liabilities & Owners' Equity 13,271,844 15,165,832 17,219,932

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 10,858 46,802 131,961
Rents and Services Revenue 33,083 42,500 44,500
Real Estate Revaluation 0 0 0
Total Operating Revenues 43,941 89,302 176,461
Profits From Sales of Securities 0 0 0
Securities Revaluation 0 0 0
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -1,011,073 -423,651 101,984
Other Revenues 15,185 8,113 27,976
Total Revenues -951,947 -326,236 306,421
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 274,147 338,767 367,463
Depreciation 13,189 13,154 14,610
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 13,189 13,154 136,060
Total Operating Expenses 287,336 351,921 503,523
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -1,239,283 -678,157 -197,102
Interest Expense 262,021 270,540 284,033
Profit Before Tax and Fees Expenses -1,501,304 -948,697 -481,135
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 -1,501,304 -948,697 -481,135
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -1,501,304 -948,697 -481,135

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) -2,344,991 -2,263,768 -2,060,891
Net Cash Flow from (Used in) Operating Activities -141,339 -67,823 -61,370
Net Cash Flow from (Used in) Investing Activities 1,155,737 932,697 728,370
Net Cash Flow from (Used in) Financing Activities -1,062,269 -946,097 -869,877
Cash Balance (Ending) -2,392,862 -2,344,991 -2,263,768

Financial Ratios

2020 2019 2018
Turnover Ratio % 64.650 118.720 51.900
Earnings Per Share (JD) -0.080 -0.050 -0.020
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.460 0.570 0.660
Price Earnings Ratio (Times) -2.530 -3.580 -8.310
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) 0.410 0.300 0.300
Return On Assets % -11.310 -6.260 -2.790
Return On Equity % -16.320 -8.380 -3.630
Debt Ratio % 30.700 25.380 22.950
Equity Ratio % 69.300 74.620 77.050
Interest Coverage Ratio (Times) -4.730 -2.510 -0.690
Total Assets Turnover (Times) 0.000 0.010 0.010
Fixed Assets Turnover (Times) 10,985.250 22,325.500 44,115.250
Working Capital Turnover (Times) 0.120 0.180 0.180
Current Ratio (Times) 1.090 1.130 1.250
Working Capital (JD) 357,803.000 507,163.000 982,914.000