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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.89 2.68 1.82
Value Traded (JD) 35,610,952 23,842,739 11,036,681
No. of Shares Traded 14,012,412 11,199,685 6,260,513
No. of Transactions 1,088 627 335
No. of Subscribed Shares 9,500,000 9,500,000 9,500,000
Market Capitalization (JD) 27,455,000 25,460,000 17,290,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 6,403 155,663 416,049
Financial Assets at Fair Value Through Profit 1,950 1,650 300
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 11,715 24,495 0
Other Current Assets 16,046 22,004 23,235
Total Current Assets 36,115 203,813 439,585
Non-Current Assets
Investments in Real Estates 7,790,476 7,790,476 9,992,602
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 41,202 52,306 62,953
Projects in Progress 2,237,575 2,237,225 0
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 118,268 118,268 60,080
Total Non-Current Assets 10,187,521 10,198,275 10,115,635
Total Assets 10,223,636 10,402,088 10,555,220

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 0
Other Current Liabilities 1,048,447 785,004 771,780
Total Current Liabilities 1,078,641 841,623 787,387
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 0 0 0
Total Liabilities 1,078,641 841,623 787,387

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 9,500,000 9,500,000 9,500,000
Subscribed Capital 9,500,000 9,500,000 9,500,000
Paid in Capital 9,500,000 9,500,000 9,500,000
Compulsory Reserves 162,040 162,040 165,500
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 0 0 0
Retained Earnings -517,045 -101,575 102,333
Total Owners' Equity (Pertaining to Company's Shareholders) 9,144,995 9,560,465 9,767,833
Non-controlling Interest 0 0 0
Total Owners' Equity 9,144,995 9,560,465 9,767,833
Total Liabilities & Owners' Equity 10,223,636 10,402,088 10,555,220

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 0 0 0
Profits From Sales of Securities 0 0 0
Securities Revaluation 300 1,350 -900
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 3,194 51,017 11,947
Total Revenues 3,494 52,367 11,047
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 297,692 266,798 264,906
Depreciation 11,104 11,071 11,063
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 297,692 266,798 264,906
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -294,198 -214,431 -253,859
Interest Expense 58,690 50,629 3,943
Profit Before Tax and Fees Expenses -352,888 -265,060 -257,802
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 24,571
Previous Years Income Tax 62,582 0 0
Income Tax 0 -60,573 -56,295
Net Profit -415,470 -204,487 -226,078
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -415,470 -204,487 -226,078

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 155,663 416,049 3,967,413
Net Cash Flow from (Used in) Operating Activities -248,910 -222,593 -3,978,827
Net Cash Flow from (Used in) Investing Activities -350 -34,912 -72,537
Net Cash Flow from (Used in) Financing Activities 100,000 -2,881 500,000
Cash Balance (Ending) 6,403 155,663 416,049

Financial Ratios

2019 2018 2017
Turnover Ratio % 147.500 117.890 65.900
Earnings Per Share (JD) -0.040 -0.020 -0.020
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.960 1.010 1.030
Price Earnings Ratio (Times) -66.080 -124.510 -76.480
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) 3.000 2.660 1.770
Return On Assets % -4.060 -1.970 -2.140
Return On Equity % -4.540 -2.140 -2.310
Debt Ratio % 10.550 8.090 7.460
Equity Ratio % 89.450 91.910 92.540
Interest Coverage Ratio (Times) -5.010 -4.240 -64.380
Total Assets Turnover (Times) 0.000 0.000 0.000
Fixed Assets Turnover (Times) 0.000 0.000 0.000
Working Capital Turnover (Times) 0.000 0.000 0.000
Current Ratio (Times) 0.030 0.240 0.560
Working Capital (JD) -1,042,526.000 -637,810.000 -347,802.000