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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.19 0.31 0.46
Value Traded (JD) 5,317,437 16,348,206 23,698,850
No. of Shares Traded 19,776,922 40,884,686 41,532,874
No. of Transactions 3,507 6,606 9,175
No. of Subscribed Shares 86,840,292 86,840,292 86,840,292
Market Capitalization (JD) 16,499,655 26,920,491 39,946,534
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 52,823 51,799 1,160,699
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 1,410,016 228,699 4,503,370
Other Current Assets 8,042,536 9,115,901 213,646
Total Current Assets 12,024,349 13,517,127 9,238,858
Non-Current Assets
Investments in Real Estates 9,178,079 9,819,901 0
Financial Assets at Fair Value Through Other Comprehensive Income 5,367 15,849 16,009
Fixed Assets, Net 18,556 34,321 46,375
Projects in Progress 47,485,851 49,260,849 63,576,992
Investments in Companies (Sister and Affiliate) 3,984,410 3,286,061 3,296,728
Other Non-Current Assets 10,550,649 10,953,925 10,895,629
Total Non-Current Assets 71,222,912 73,370,906 77,831,733
Total Assets 83,247,261 86,888,033 87,070,591

Liabilities (JD)

2018 2017 2016
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 46,393 284,118
Other Current Liabilities 10,872,527 9,945,704 10,633,541
Total Current Liabilities 17,359,732 15,929,817 15,165,293
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 15,425,041 16,973,364 17,730,592
Total Non-Current Liabilities 15,425,041 16,973,364 17,730,592
Total Liabilities 32,784,773 32,903,181 32,895,885

Shareholders Equity (JD)

2018 2017 2016
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 -99,256 -88,774 -88,614
Retained Earnings -36,278,548 -32,766,666 -32,576,972
Total Owners' Equity (Pertaining to Company's Shareholders) 50,462,488 53,984,852 54,174,706
Non-controlling Interest 0 0 0
Total Owners' Equity 50,462,488 53,984,852 54,174,706
Total Liabilities & Owners' Equity 83,247,261 86,888,033 87,070,591

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 2,288,264 1,071,500 8,138
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 -166,282
Total Operating Revenues 2,288,264 1,071,500 -158,144
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 -10,773 -10,667 -12,591
Other Revenues 1,434,605 2,369,598 1,467,491
Total Revenues 3,712,096 3,430,431 1,296,756
Expenses
Lands and Apartments Sales Expense 2,200,358 1,059,182 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 1,218,606 1,003,497 982,579
Depreciation 13,597 14,748 110,306
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 2,080,955 3,554 105,059
Total Operating Expenses 5,499,919 2,066,233 1,087,638
Other Expenses 772,903 1,411,598 0
Profit Before Interest, Income Tax and Fees Expenses -2,560,726 -47,400 209,118
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses -2,560,726 -47,400 209,118
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 175,380 142,294 489,526
Net Profit -2,736,106 -189,694 -280,408
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -2,736,106 -189,694 -280,408

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 51,799 1,160,699 45,274
Net Cash Flow from (Used in) Operating Activities -397,764 -1,781,541 1,260,059
Net Cash Flow from (Used in) Investing Activities 445,181 910,366 105,366
Net Cash Flow from (Used in) Financing Activities -46,393 -237,725 -250,000
Cash Balance (Ending) 52,823 51,799 1,160,699

Financial Ratios

2018 2017 2016
Turnover Ratio % 22.77 47.08 47.83
Earnings Per Share (JD) -0.03 0.00 0.00
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.58 0.62 0.62
Price Earnings Ratio (Times) -6.03 -141.92 -142.46
Dividend Yield % 0.00 0.00 0.00
Dividends Per Share to Earnings Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.33 0.50 0.74
Return On Assets % -3.29 -0.22 -0.32
Return On Equity % -5.42 -0.35 -0.52
Debt Ratio % 39.38 37.87 37.78
Equity Ratio % 60.62 62.13 62.22
Interest Coverage Ratio (Times) 0.00 0.00 0.00
Total Assets Turnover (Times) 0.03 0.01 0.00
Fixed Assets Turnover (Times) 123.32 31.22 -3.41
Working Capital Turnover (Times) -0.43 -0.44 0.03
Current Ratio (Times) 0.69 0.85 0.61
Working Capital (JD) -5,335,383.00 -2,412,690.00 -5,926,435.00