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THE PROFESSIONAL COMPANY FOR REAL ESTATE INVESTMENT AND HOUSING Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.29 0.39 0.50
Value Traded (JD) 3,319,676 3,757,788 11,145,718
No. of Shares Traded 9,042,917 8,292,256 20,177,260
No. of Transactions 3,245 4,512 8,487
No. of Subscribed Shares 35,200,000 35,200,000 35,200,000
Market Capitalization (JD) 10,208,000 13,728,000 17,600,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 551,053 476,987 1,994,498
Financial Assets at Fair Value Through Profit 2,068,202 2,798,920 2,853,177
Real Estate Ready for Sale 27,022,570 32,674,768 30,010,119
Cheques to Be Collected 938,524 567,880 561,875
Other Current Assets 2,001,141 1,163,093 3,964,585
Total Current Assets 34,262,332 38,816,953 40,112,611
Non-Current Assets
Investments in Real Estates 984,247 1,001,875 937,238
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 59,996 10,603 15,320
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 5,949,895 1,255,744 840,980
Total Non-Current Assets 6,994,138 2,268,222 1,793,538
Total Assets 41,256,470 41,085,175 41,906,149

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 0 0
Other Current Liabilities 2,669,134 2,270,484 2,946,190
Total Current Liabilities 2,669,134 3,034,685 3,291,702
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 2,669,134 3,034,685 3,291,702

Shareholders Equity (JD)

2018 2017 2016
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 437,396 368,432 321,696
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 1,056,000 0 880,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings 3,849 600,798 227,041
Total Owners' Equity (Pertaining to Company's Shareholders) 36,114,515 35,586,500 36,046,007
Non-controlling Interest 2,472,821 2,463,990 2,568,440
Total Owners' Equity 38,587,336 38,050,490 38,614,447
Total Liabilities & Owners' Equity 41,256,470 41,085,175 41,906,149

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 3,934,570 3,550,307 5,079,238
Rents and Services Revenue 24,655 43,228 38,368
Real Estate Revaluation 0 0 0
Total Operating Revenues 3,959,225 3,593,535 5,117,606
Profits From Sales of Securities 2,888 22,506 14,139
Securities Revaluation -551,688 263,185 124,007
Dividends 108,164 104,813 127,674
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 586,063 60,363 118,496
Total Revenues 4,104,652 4,044,402 5,501,922
Expenses
Lands and Apartments Sales Expense 2,864,165 2,980,549 3,799,391
Rents and Services Expense 0 0 0
General and Administrative Expenses 424,246 462,516 447,127
Depreciation 27,373 21,743 28,394
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 113,850 148,018 222,658
Total Operating Expenses 3,402,261 3,591,083 4,469,176
Other Expenses 982 1,836 2,304
Profit Before Interest, Income Tax and Fees Expenses 701,409 451,483 1,030,442
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 701,409 451,483 1,030,442
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 45,000 36,000 45,000
Previous Years Income Tax -1,497 2,381 0
Income Tax 121,060 23,069 160,772
Net Profit 536,846 390,033 824,670
Non-controlling Interest 8,831 -16,950 -14,083
Net Income Pertaining to Shareholders 528,015 406,983 838,753

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 476,987 1,994,498 2,470,707
Net Cash Flow from (Used in) Operating Activities 2,039,358 -3,175,975 2,339,810
Net Cash Flow from (Used in) Investing Activities -1,763,667 2,746,444 -1,314,780
Net Cash Flow from (Used in) Financing Activities -201,625 -1,087,980 -1,501,239
Cash Balance (Ending) 551,053 476,987 1,994,498

Financial Ratios

2018 2017 2016
Turnover Ratio % 25.69 23.56 57.32
Earnings Per Share (JD) 0.02 0.01 0.02
Dividends Per Share (JD) 0.03 0.00 0.03
Book Value Per Share (JD) 1.03 1.01 1.02
Price Earnings Ratio (Times) 19.33 33.73 20.98
Dividend Yield % 10.34 0.00 5.00
Dividends Per Share to Earnings Per Share % 199.99 0.00 104.92
Price to Book Value (Times) 0.28 0.39 0.49
Return On Assets % 1.30 0.95 1.97
Return On Equity % 1.46 1.14 2.33
Debt Ratio % 6.47 7.39 7.85
Equity Ratio % 93.53 92.61 92.15
Interest Coverage Ratio (Times) 0.00 0.00 0.00
Total Assets Turnover (Times) 0.10 0.09 0.12
Fixed Assets Turnover (Times) 65.99 338.92 334.05
Working Capital Turnover (Times) 0.13 0.10 0.14
Current Ratio (Times) 12.84 12.79 12.19
Working Capital (JD) 31,593,198.00 35,782,268.00 36,820,909.00