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JORDAN MASAKEN FOR LAND & INDUSTRIAL DEVELOPMENT PROJECTS Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.28 2.70 3.17
Value Traded (JD) 4,018,558 28,390,295 8,630,243
No. of Shares Traded 1,483,808 10,008,676 3,006,670
No. of Transactions 1,459 9,140 7,858
No. of Subscribed Shares 12,240,000 12,240,000 12,240,000
Market Capitalization (JD) 27,907,200 33,048,000 38,800,800
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 102,474 37,909 9,340
Financial Assets at Fair Value Through Profit 36,100 38,100 41,050
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 1,190 14,144 59,003
Other Current Assets 52,666 69,764 71,260
Total Current Assets 384,581 504,396 558,599
Non-Current Assets
Investments in Real Estates 8,905,070 12,376,851 12,364,919
Financial Assets at Fair Value Through Other Comprehensive Income 48,831 42,248 48,831
Fixed Assets, Net 16,843 25,132 36,354
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 1 1 1
Other Non-Current Assets 554,354 554,354 556,154
Total Non-Current Assets 9,525,099 12,998,586 13,006,259
Total Assets 9,909,680 13,502,982 13,564,858

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 240,485 252,062
Short Term Loans 0 150,000 907,100
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 183,910 383,068 777,626
Total Current Liabilities 295,899 885,489 2,015,227
Non-Current Liabilities
Long Term Loan 0 150,000 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 1,411,212 2,211,212 1,370,793
Total Non-Current Liabilities 1,411,212 2,361,212 1,370,793
Total Liabilities 1,707,111 3,246,701 3,386,020

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 12,240,000 12,240,000 12,240,000
Subscribed Capital 12,240,000 12,240,000 12,240,000
Paid in Capital 12,240,000 12,240,000 12,240,000
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 -302,802 -309,385 -302,802
Retained Earnings -3,734,629 -1,674,334 -1,758,360
Total Owners' Equity (Pertaining to Company's Shareholders) 8,202,569 10,256,281 10,178,838
Non-controlling Interest 0 0 0
Total Owners' Equity 8,202,569 10,256,281 10,178,838
Total Liabilities & Owners' Equity 9,909,680 13,502,982 13,564,858

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 1,210,000 0 0
Rents and Services Revenue 600,530 701,960 679,308
Real Estate Revaluation 0 0 0
Total Operating Revenues 1,810,530 701,960 679,308
Profits From Sales of Securities 0 0 -29,409
Securities Revaluation -2,000 -2,950 0
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 0 0 12,241
Total Revenues 1,808,530 699,010 662,140
Expenses
Lands and Apartments Sales Expense 2,246,659 0 0
Rents and Services Expense 232,102 220,111 198,142
General and Administrative Expenses 149,374 244,896 283,830
Depreciation 37,884 40,915 42,172
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 1,215,527 66,909 91,670
Total Operating Expenses 3,843,662 531,916 573,642
Other Expenses 0 0 1,042,332
Profit Before Interest, Income Tax and Fees Expenses -2,035,132 167,094 -953,834
Interest Expense 25,163 83,068 130,929
Profit Before Tax and Fees Expenses -2,060,295 84,026 -1,084,763
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 -2,060,295 84,026 -1,084,763
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -2,060,295 84,026 -1,084,763

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 37,909 9,340 34,198
Net Cash Flow from (Used in) Operating Activities 240,213 -70,280 445,492
Net Cash Flow from (Used in) Investing Activities 1,190,000 -41,625 731
Net Cash Flow from (Used in) Financing Activities -1,365,648 140,474 -471,081
Cash Balance (Ending) 102,474 37,909 9,340

Financial Ratios

2019 2018 2017
Turnover Ratio % 12.120 81.770 24.560
Earnings Per Share (JD) -0.170 0.010 -0.090
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.670 0.840 0.830
Price Earnings Ratio (Times) -13.550 393.310 -35.770
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) 3.400 3.220 3.810
Return On Assets % -20.790 0.620 -8.000
Return On Equity % -25.120 0.820 -10.660
Debt Ratio % 17.230 24.040 24.960
Equity Ratio % 82.770 75.960 75.040
Interest Coverage Ratio (Times) -80.880 2.010 -7.290
Total Assets Turnover (Times) 0.180 0.050 0.050
Fixed Assets Turnover (Times) 107.490 27.930 18.690
Working Capital Turnover (Times) 20.420 -1.840 -0.470
Current Ratio (Times) 1.300 0.570 0.280
Working Capital (JD) 88,682.000 -381,093.000 -1,456,628.000