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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.10 0.19 0.17
Value Traded (JD) 1,660,939 152,982 154,669
No. of Shares Traded 12,828,999 758,973 667,147
No. of Transactions 3,032 137 334
No. of Subscribed Shares 30,000,000 30,000,000 30,000,000
Market Capitalization (JD) 3,000,000 5,700,000 5,100,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 201,681 235,940 491,746
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 1,522,667 1,387,707 1,865,248
Other Current Assets 255,041 290,690 272,598
Total Current Assets 3,676,087 5,034,196 4,652,169
Non-Current Assets
Investments in Real Estates 82,821,343 84,484,394 86,197,193
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 15,038 12,946 23,006
Projects in Progress 0 619 0
Investments in Companies (Sister and Affiliate) 97,582 97,582 97,582
Other Non-Current Assets 39,034 0 0
Total Non-Current Assets 82,972,997 84,595,541 86,317,781
Total Assets 86,649,084 89,629,737 90,969,950

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 94,328
Short Term Loans 0 0 4,688,072
Accrued Part of Long Term Loans 2,800,000 4,095,439 0
Other Current Liabilities 3,032,841 3,318,452 3,325,880
Total Current Liabilities 7,960,608 9,497,205 11,215,621
Non-Current Liabilities
Long Term Loan 52,320,108 50,696,664 49,377,517
Corporate Bonds 0 0 0
Other Non-Current Liabilities 946,976 780,919 39,463
Total Non-Current Liabilities 53,267,084 51,477,583 49,416,980
Total Liabilities 61,227,692 60,974,788 60,632,601

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 30,000,000 30,000,000 30,000,000
Subscribed Capital 30,000,000 30,000,000 30,000,000
Paid in Capital 30,000,000 30,000,000 30,000,000
Compulsory Reserves 0 0 0
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 4,242,055 4,242,055 4,242,055
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 -10,208,080 -8,152,491 -7,074,303
Total Owners' Equity (Pertaining to Company's Shareholders) 15,549,865 17,605,454 18,683,642
Non-controlling Interest 9,871,527 11,049,495 11,653,707
Total Owners' Equity 25,421,392 28,654,949 30,337,349
Total Liabilities & Owners' Equity 86,649,084 89,629,737 90,969,950

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 6,236,942 7,157,068 7,354,460
Real Estate Revaluation 0 0 0
Total Operating Revenues 6,236,942 7,157,068 7,354,460
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 0 0 -227
Other Revenues 76,195 156,953 224,924
Total Revenues 6,313,137 7,314,021 7,579,157
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 4,593,483 4,891,661 4,838,260
General and Administrative Expenses 445,872 626,116 661,206
Depreciation 1,801,969 1,797,594 1,781,430
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 869,000 32,829 0
Total Operating Expenses 5,908,355 5,550,606 5,499,466
Other Expenses 0 0 101,921
Profit Before Interest, Income Tax and Fees Expenses 404,782 1,763,415 1,977,770
Interest Expense 3,638,339 3,445,815 3,740,458
Profit Before Tax and Fees Expenses -3,233,557 -1,682,400 -1,762,688
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 0 0 0
Net Profit -3,233,557 -1,682,400 -1,762,688
Non-controlling Interest -1,177,968 -604,212 -593,188
Net Income Pertaining to Shareholders -2,055,589 -1,078,188 -1,169,500

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 235,940 486,811 172,503
Net Cash Flow from (Used in) Operating Activities 82,008 -895,583 2,794,274
Net Cash Flow from (Used in) Investing Activities -140,391 -77,082 -198,995
Net Cash Flow from (Used in) Financing Activities 24,124 721,794 -2,276,036
Cash Balance (Ending) 201,681 235,940 491,746

Financial Ratios

2019 2018 2017
Turnover Ratio % 42.760 2.530 2.220
Earnings Per Share (JD) -0.070 -0.040 -0.040
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.520 0.590 0.620
Price Earnings Ratio (Times) -1.460 -5.290 -4.360
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) 0.190 0.320 0.270
Return On Assets % -3.730 -1.880 -1.940
Return On Equity % -13.220 -6.120 -6.260
Debt Ratio % 70.660 68.030 66.650
Equity Ratio % 29.340 31.970 33.350
Interest Coverage Ratio (Times) 0.110 0.510 0.530
Total Assets Turnover (Times) 0.070 0.080 0.080
Fixed Assets Turnover (Times) 414.750 552.840 319.680
Working Capital Turnover (Times) -1.460 -1.600 -1.120
Current Ratio (Times) 0.460 0.530 0.410
Working Capital (JD) -4,284,521.000 -4,463,009.000 -6,563,452.000