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THE PROFESSIONAL COMPANY FOR REAL ESTATE INVESTMENT AND HOUSING Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.43 0.29 0.39
Value Traded (JD) 5,281,467 3,319,676 3,757,788
No. of Shares Traded 13,022,299 9,042,917 8,292,256
No. of Transactions 7,506 3,245 4,512
No. of Subscribed Shares 35,200,000 35,200,000 35,200,000
Market Capitalization (JD) 15,136,000 10,208,000 13,728,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 732,662 551,053 476,987
Financial Assets at Fair Value Through Profit 2,222,028 2,068,202 2,798,920
Real Estate Ready for Sale 25,099,122 27,022,570 32,674,768
Cheques to Be Collected 210,058 938,524 567,880
Other Current Assets 1,359,419 2,001,141 1,163,093
Total Current Assets 31,397,390 34,262,332 38,816,953
Non-Current Assets
Investments in Real Estates 898,414 984,247 1,001,875
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 88,694 59,996 10,603
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 1 5,002 0
Other Non-Current Assets 7,278,140 5,944,893 1,255,744
Total Non-Current Assets 8,265,249 6,994,138 2,268,222
Total Assets 39,662,639 41,256,470 41,085,175

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 2,566,190 2,669,134 2,270,484
Total Current Liabilities 2,566,190 2,669,134 3,034,685
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 59,662 0 0
Total Non-Current Liabilities 59,662 0 0
Total Liabilities 2,625,852 2,669,134 3,034,685

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 35,200,000 35,200,000 35,200,000
Subscribed Capital 35,200,000 35,200,000 35,200,000
Paid in Capital 35,200,000 35,200,000 35,200,000
Compulsory Reserves 440,266 437,396 368,432
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 582,730 582,730 582,730
Cash Dividends 0 1,056,000 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings -74,675 3,849 600,798
Total Owners' Equity (Pertaining to Company's Shareholders) 34,982,861 36,114,515 35,586,500
Non-controlling Interest 2,053,926 2,472,821 2,463,990
Total Owners' Equity 37,036,787 38,587,336 38,050,490
Total Liabilities & Owners' Equity 39,662,639 41,256,470 41,085,175

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 2,581,794 3,934,570 3,550,307
Rents and Services Revenue 8,503 24,655 43,228
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,590,297 3,959,225 3,593,535
Profits From Sales of Securities 0 2,888 22,506
Securities Revaluation 153,826 -551,688 263,185
Dividends 107,704 108,164 104,813
Companies Share of Sister and Affiliate Companies Profit -78,170 -1,073 0
Other Revenues 64,980 586,063 60,363
Total Revenues 2,838,637 4,103,579 4,044,402
Expenses
Lands and Apartments Sales Expense 1,684,044 2,864,165 2,980,549
Rents and Services Expense 0 0 0
General and Administrative Expenses 453,443 424,246 462,516
Depreciation 31,838 27,373 21,743
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 661,878 112,777 148,018
Total Operating Expenses 2,799,365 3,401,188 3,591,083
Other Expenses 0 982 1,836
Profit Before Interest, Income Tax and Fees Expenses 39,272 701,409 451,483
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 39,272 701,409 451,483
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 45,000 36,000
Previous Years Income Tax 29,191 -1,497 2,381
Income Tax 88,337 121,060 23,069
Net Profit -78,256 536,846 390,033
Non-controlling Interest 13,610 8,831 -16,950
Net Income Pertaining to Shareholders -91,866 528,015 406,983

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 551,053 476,987 1,994,498
Net Cash Flow from (Used in) Operating Activities 2,533,981 2,039,358 -3,175,975
Net Cash Flow from (Used in) Investing Activities -911,981 -1,763,667 2,746,444
Net Cash Flow from (Used in) Financing Activities -1,440,391 -201,625 -1,087,980
Cash Balance (Ending) 732,662 551,053 476,987

Financial Ratios

2019 2018 2017
Turnover Ratio % 37.000 25.690 23.560
Earnings Per Share (JD) 0.000 0.020 0.010
Dividends Per Share (JD) 0.000 0.030 0.000
Book Value Per Share (JD) 0.990 1.030 1.010
Price Earnings Ratio (Times) -164.760 19.330 33.730
Dividend Yield % 0.000 10.340 0.000
Dividends Per Share to Earnings Per Share % 0.000 199.990 0.000
Price to Book Value (Times) 0.430 0.280 0.390
Return On Assets % -0.200 1.300 0.950
Return On Equity % -0.260 1.460 1.140
Debt Ratio % 6.620 6.470 7.390
Equity Ratio % 93.380 93.530 92.610
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.070 0.100 0.090
Fixed Assets Turnover (Times) 29.200 65.990 338.920
Working Capital Turnover (Times) 0.090 0.130 0.100
Current Ratio (Times) 12.240 12.840 12.790
Working Capital (JD) 28,831,200.000 31,593,198.000 35,782,268.000