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Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.32 0.32 0.19
Value Traded (JD) 3,506,973 6,651,729 5,317,437
No. of Shares Traded 12,028,846 20,935,420 19,776,922
No. of Transactions 2,947 4,166 3,507
No. of Subscribed Shares 86,840,292 86,840,292 86,840,292
Market Capitalization (JD) 27,788,893 27,788,893 16,499,655
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 49,390 51,562 52,823
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 4,587,246 5,941,052 5,010,361
Cheques to Be Collected 68,784 312,717 1,410,016
Other Current Assets 4,251,333 4,339,336 4,500,507
Total Current Assets 9,682,637 11,336,890 12,024,349
Non-Current Assets
Investments in Real Estates 8,648,464 9,038,360 9,178,079
Financial Assets at Fair Value Through Other Comprehensive Income 1,548 1,548 5,367
Fixed Assets, Net 7,400 10,428 18,556
Projects in Progress 41,883,355 45,839,832 47,485,851
Investments in Companies (Sister and Affiliate) 29,153 1 3,984,410
Other Non-Current Assets 13,030,886 14,120,019 10,550,649
Total Non-Current Assets 63,600,806 69,010,188 71,222,912
Total Assets 73,283,443 80,347,078 83,247,261

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 9,934,858 12,780,542 12,941,548
Total Current Liabilities 15,531,998 17,020,480 17,359,732
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 11,160,434 13,252,025 15,425,041
Total Non-Current Liabilities 11,160,434 13,252,025 15,425,041
Total Liabilities 26,692,432 30,272,505 32,784,773

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 86,840,292 86,840,292 86,840,292
Subscribed Capital 86,840,292 86,840,292 86,840,292
Paid in Capital 86,840,292 86,840,292 86,840,292
Compulsory Reserves 0 0 0
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
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 -103,075 -103,075 -99,256
Retained Earnings -40,146,206 -36,662,644 -36,278,548
Total Owners' Equity (Pertaining to Company's Shareholders) 46,591,011 50,074,573 50,462,488
Non-controlling Interest 0 0 0
Total Owners' Equity 46,591,011 50,074,573 50,462,488
Total Liabilities & Owners' Equity 73,283,443 80,347,078 83,247,261

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 5,003,517 1,410,954 2,288,264
Rents and Services Revenue 0 0 0
Real Estate Revaluation -2,423,006 -254,952 0
Total Operating Revenues 2,580,511 1,156,002 2,288,264
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 -5,532 -3,592 -10,773
Other Revenues 132,330 1,135,279 1,434,605
Total Revenues 2,707,309 2,287,689 3,712,096
Expenses
Lands and Apartments Sales Expense 4,880,603 1,383,740 2,200,358
Rents and Services Expense 0 0 0
General and Administrative Expenses 874,740 1,083,843 1,218,606
Depreciation 3,675 12,215 13,597
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 2,006 103,866 2,098,443
Total Operating Expenses 5,757,349 2,571,449 5,517,407
Other Expenses 403,958 40,416 755,415
Profit Before Interest, Income Tax and Fees Expenses -3,453,998 -324,176 -2,560,726
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses -3,453,998 -324,176 -2,560,726
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 498 2,089 0
Income Tax 29,066 57,831 175,380
Net Profit -3,483,562 -384,096 -2,736,106
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -3,483,562 -384,096 -2,736,106

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 51,562 52,823 51,799
Net Cash Flow from (Used in) Operating Activities 18,898 -928,201 -397,764
Net Cash Flow from (Used in) Investing Activities -21,070 926,940 445,181
Net Cash Flow from (Used in) Financing Activities 0 0 -46,393
Cash Balance (Ending) 49,390 51,562 52,823

Financial Ratios

2020 2019 2018
Turnover Ratio % 13.850 24.110 22.770
Earnings Per Share (JD) -0.040 0.000 -0.030
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.540 0.580 0.580
Price Earnings Ratio (Times) -7.980 -72.350 -6.030
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) 0.600 0.550 0.330
Return On Assets % -4.750 -0.480 -3.290
Return On Equity % -7.480 -0.770 -5.420
Debt Ratio % 36.420 37.680 39.380
Equity Ratio % 63.580 62.320 60.620
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.040 0.010 0.030
Fixed Assets Turnover (Times) 348.720 110.860 123.320
Working Capital Turnover (Times) -0.440 -0.200 -0.430
Current Ratio (Times) 0.620 0.670 0.690
Working Capital (JD) -5,849,361.000 -5,683,590.000 -5,335,383.000