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COMPREHENSIVE LAND DEVELOPMENT AND INVESTMENT Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.61 0.89 0.75
Value Traded (JD) 5,838,195 10,260,255 38,992,590
No. of Shares Traded 7,848,451 11,427,577 56,126,301
No. of Transactions 3,137 10,164 23,839
No. of Subscribed Shares 10,000,000 10,000,000 10,000,000
Market Capitalization (JD) 6,100,000 8,900,000 7,500,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 464,423 796,824 230,170
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 1,008,509 1,002,794 1,015,685
Cheques to Be Collected 0 0 0
Other Current Assets 11,359 11,146 1,630
Total Current Assets 1,554,703 1,866,219 1,308,432
Non-Current Assets
Investments in Real Estates 3,353,942 3,586,188 0
Financial Assets at Fair Value Through Other Comprehensive Income 493,780 349,404 303,535
Fixed Assets, Net 111,463 17,680 1,536
Projects in Progress 4,102,602 4,102,602 9,630,958
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 674,016 455,574 516,917
Total Non-Current Assets 8,735,803 8,511,448 10,452,946
Total Assets 10,290,506 10,377,667 11,761,378

Liabilities (JD)

2018 2017 2016
Current Liabilities
Credit Banks 0 0 1,983,599
Short Term Loans 0 3,452 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 681,598 657,717 385,830
Total Current Liabilities 756,143 684,323 2,378,959
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 756,143 684,323 2,378,959

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 10,000,000 10,000,000 10,000,000
Subscribed Capital 10,000,000 10,000,000 10,000,000
Paid in Capital 10,000,000 10,000,000 10,000,000
Compulsory Reserves 443,121 443,121 414,309
Voluntary Reserve 259,642 259,642 259,642
Other Reserves 0 0 0
Issuance Premium 1,512,389 1,512,389 1,512,389
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 -211,708 -2,303,036 -2,387,189
Retained Earnings -2,469,081 -218,772 -416,732
Total Owners' Equity (Pertaining to Company's Shareholders) 9,534,363 9,693,344 9,382,419
Non-controlling Interest 0 0 0
Total Owners' Equity 9,534,363 9,693,344 9,382,419
Total Liabilities & Owners' Equity 10,290,506 10,377,667 11,761,378

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 163,030 2,814,655 0
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 163,030 2,814,655 0
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 0
Other Revenues 45,143 10,666 78,072
Total Revenues 208,173 2,825,321 78,072
Expenses
Lands and Apartments Sales Expense 138,420 2,173,804 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 159,820 281,177 200,456
Depreciation 5,386 912 5,362
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 5,386 912 5,362
Total Operating Expenses 303,626 2,455,893 205,818
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -95,453 369,428 -127,746
Interest Expense 660 76,316 288,986
Profit Before Tax and Fees Expenses -96,113 293,112 -416,732
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 61,343 0
Net Profit -96,113 231,769 -416,732
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -96,113 231,769 -416,732

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 796,824 230,170 73,692
Net Cash Flow from (Used in) Operating Activities -86,101 588,402 -559,864
Net Cash Flow from (Used in) Investing Activities -242,848 1,958,399 -49,854
Net Cash Flow from (Used in) Financing Activities -3,452 -1,980,147 766,196
Cash Balance (Ending) 464,423 796,824 230,170

Financial Ratios

2018 2017 2016
Turnover Ratio % 78.48 114.28 561.26
Earnings Per Share (JD) -0.01 0.02 -0.04
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.95 0.97 0.94
Price Earnings Ratio (Times) -63.47 38.40 -18.00
Dividend Yield % 0.00 0.00 0.00
Dividends Per Share to Earnings Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 0.64 0.92 0.80
Return On Assets % -0.93 2.23 -3.54
Return On Equity % -1.01 2.39 -4.44
Debt Ratio % 7.35 6.59 20.23
Equity Ratio % 92.65 93.41 79.77
Interest Coverage Ratio (Times) -144.63 4.84 -0.44
Total Assets Turnover (Times) 0.02 0.27 0.00
Fixed Assets Turnover (Times) 1.46 159.20 0.00
Working Capital Turnover (Times) 0.20 2.38 0.00
Current Ratio (Times) 2.06 2.73 0.55
Working Capital (JD) 798,560.00 1,181,896.00 -1,070,527.00