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EMMAR INVESTMENTS & REALESTATE DEVELOPMENT Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.17 0.20 0.17
Value Traded (JD) 5,325,901 2,094,644 630,006
No. of Shares Traded 23,744,921 10,379,367 2,702,268
No. of Transactions 7,406 3,480 1,725
No. of Subscribed Shares 20,000,000 20,000,000 20,000,000
Market Capitalization (JD) 3,400,000 4,000,000 3,400,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 214,663 224,507 374,052
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 3,083,224 3,190,604 3,176,104
Cheques to Be Collected 0 0 180,780
Other Current Assets 360,824 568,306 608,105
Total Current Assets 4,337,850 4,889,928 4,956,434
Non-Current Assets
Investments in Real Estates 2,951,546 3,263,330 3,085,438
Financial Assets at Fair Value Through Other Comprehensive Income 384,000 711,600 638,800
Fixed Assets, Net 4 4 1,447
Projects in Progress 3,818,482 4,295,632 5,216,026
Investments in Companies (Sister and Affiliate) 3,474,589 3,898,240 3,796,256
Other Non-Current Assets 199,361 161,198 265,576
Total Non-Current Assets 10,827,982 12,330,004 13,003,543
Total Assets 15,165,832 17,219,932 17,959,977

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 2,559,654 2,488,275 2,434,943
Short Term Loans 0 0 197,266
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 886,017 1,169,718 1,157,392
Total Current Liabilities 3,830,687 3,907,014 3,894,263
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 18,198 44,117 0
Total Non-Current Liabilities 18,198 44,117 0
Total Liabilities 3,848,885 3,951,131 3,894,263

Shareholders Equity (JD)

2019 2018 2017
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 0 898,100 898,100
Voluntary Reserve 0 0 0
Other Reserves -1,264,289 -588,732 -200,154
Issuance Premium 0 400,814 400,814
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 -3,248,212 -2,920,612 -2,993,412
Retained Earnings -4,170,552 -4,520,769 -4,039,634
Total Owners' Equity (Pertaining to Company's Shareholders) 11,316,947 13,268,801 14,065,714
Non-controlling Interest 0 0 0
Total Owners' Equity 11,316,947 13,268,801 14,065,714
Total Liabilities & Owners' Equity 15,165,832 17,219,932 17,959,977

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 46,802 131,961 46,582
Rents and Services Revenue 42,500 44,500 47,000
Real Estate Revaluation 0 0 0
Total Operating Revenues 89,302 176,461 93,582
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 -423,651 101,984 18,167
Other Revenues 8,113 27,976 54,833
Total Revenues -326,236 306,421 166,582
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 338,767 367,463 401,251
Depreciation 13,154 14,610 18,755
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 13,154 136,060 18,755
Total Operating Expenses 351,921 503,523 420,006
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -678,157 -197,102 -253,424
Interest Expense 270,540 284,033 272,099
Profit Before Tax and Fees Expenses -948,697 -481,135 -525,523
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 -948,697 -481,135 -525,523
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -948,697 -481,135 -525,523

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) -2,263,768 -2,060,891 -1,926,732
Net Cash Flow from (Used in) Operating Activities -67,823 -61,370 68,985
Net Cash Flow from (Used in) Investing Activities 932,697 728,370 632,011
Net Cash Flow from (Used in) Financing Activities -946,097 -869,877 -835,155
Cash Balance (Ending) -2,344,991 -2,263,768 -2,060,891

Financial Ratios

2019 2018 2017
Turnover Ratio % 118.720 51.900 13.510
Earnings Per Share (JD) -0.050 -0.020 -0.030
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.570 0.660 0.700
Price Earnings Ratio (Times) -3.580 -8.310 -6.470
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) 0.300 0.300 0.240
Return On Assets % -6.260 -2.790 -2.930
Return On Equity % -8.380 -3.630 -3.740
Debt Ratio % 25.380 22.950 21.680
Equity Ratio % 74.620 77.050 78.320
Interest Coverage Ratio (Times) -2.510 -0.690 -0.930
Total Assets Turnover (Times) 0.010 0.010 0.010
Fixed Assets Turnover (Times) 22,325.500 44,115.250 64.670
Working Capital Turnover (Times) 0.180 0.180 0.090
Current Ratio (Times) 1.130 1.250 1.270
Working Capital (JD) 507,163.000 982,914.000 1,062,171.000