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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.32 0.19 0.31
Value Traded (JD) 6,651,729 5,317,437 16,348,206
No. of Shares Traded 20,935,420 19,776,922 40,884,686
No. of Transactions 4,166 3,507 6,606
No. of Subscribed Shares 86,840,292 86,840,292 86,840,292
Market Capitalization (JD) 27,788,893 16,499,655 26,920,491
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 51,562 52,823 51,799
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 5,941,052 5,010,361 0
Cheques to Be Collected 312,717 1,410,016 228,699
Other Current Assets 4,339,336 4,500,507 9,115,901
Total Current Assets 11,336,890 12,024,349 13,517,127
Non-Current Assets
Investments in Real Estates 9,038,360 9,178,079 9,819,901
Financial Assets at Fair Value Through Other Comprehensive Income 1,548 5,367 15,849
Fixed Assets, Net 10,428 18,556 34,321
Projects in Progress 45,839,832 47,485,851 49,260,849
Investments in Companies (Sister and Affiliate) 1 3,984,410 3,286,061
Other Non-Current Assets 14,120,019 10,550,649 10,953,925
Total Non-Current Assets 69,010,188 71,222,912 73,370,906
Total Assets 80,347,078 83,247,261 86,888,033

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 46,393
Other Current Liabilities 12,780,542 12,941,548 9,945,704
Total Current Liabilities 17,020,480 17,359,732 15,929,817
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 13,252,025 15,425,041 16,973,364
Total Non-Current Liabilities 13,252,025 15,425,041 16,973,364
Total Liabilities 30,272,505 32,784,773 32,903,181

Shareholders Equity (JD)

2019 2018 2017
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 -99,256 -88,774
Retained Earnings -36,662,644 -36,278,548 -32,766,666
Total Owners' Equity (Pertaining to Company's Shareholders) 50,074,573 50,462,488 53,984,852
Non-controlling Interest 0 0 0
Total Owners' Equity 50,074,573 50,462,488 53,984,852
Total Liabilities & Owners' Equity 80,347,078 83,247,261 86,888,033

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 1,410,954 2,288,264 1,071,500
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 1,410,954 2,288,264 1,071,500
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 -3,592 -10,773 -10,667
Other Revenues 1,135,279 1,434,605 2,369,598
Total Revenues 2,542,641 3,712,096 3,430,431
Expenses
Lands and Apartments Sales Expense 1,383,740 2,200,358 1,059,182
Rents and Services Expense 0 0 0
General and Administrative Expenses 1,083,843 1,218,606 1,003,497
Depreciation 12,215 13,597 14,748
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 358,818 2,098,443 3,554
Total Operating Expenses 2,826,401 5,517,407 2,066,233
Other Expenses 40,416 755,415 1,411,598
Profit Before Interest, Income Tax and Fees Expenses -324,176 -2,560,726 -47,400
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses -324,176 -2,560,726 -47,400
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 2,089 0 0
Income Tax 57,831 175,380 142,294
Net Profit -384,096 -2,736,106 -189,694
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -384,096 -2,736,106 -189,694

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 52,823 51,799 1,160,699
Net Cash Flow from (Used in) Operating Activities -928,201 -397,764 -1,781,541
Net Cash Flow from (Used in) Investing Activities 926,940 445,181 910,366
Net Cash Flow from (Used in) Financing Activities 0 -46,393 -237,725
Cash Balance (Ending) 51,562 52,823 51,799

Financial Ratios

2019 2018 2017
Turnover Ratio % 24.110 22.770 47.080
Earnings Per Share (JD) 0.000 -0.030 0.000
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.580 0.580 0.620
Price Earnings Ratio (Times) -72.350 -6.030 -141.920
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) 0.550 0.330 0.500
Return On Assets % -0.480 -3.290 -0.220
Return On Equity % -0.770 -5.420 -0.350
Debt Ratio % 37.680 39.380 37.870
Equity Ratio % 62.320 60.620 62.130
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.020 0.030 0.010
Fixed Assets Turnover (Times) 135.300 123.320 31.220
Working Capital Turnover (Times) -0.250 -0.430 -0.440
Current Ratio (Times) 0.670 0.690 0.850
Working Capital (JD) -5,683,590.000 -5,335,383.000 -2,412,690.000