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Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.33 0.23 0.29
Value Traded (JD) 23,075,728 2,599,760 2,998,370
No. of Shares Traded 65,203,580 11,243,132 8,626,856
No. of Transactions 19,386 3,324 4,609
No. of Subscribed Shares 35,000,000 35,000,000 35,000,000
Market Capitalization (JD) 11,550,000 8,050,000 10,150,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Cash on Hand & at Banks 80,822 57,664 61,489
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 751,278 501,680 4,399,663
Spare Parts 5,366,626 6,802,066 4,978,940
Total Current Assets 17,702,377 20,288,162 18,615,623
Long Term Investments 154,784 154,784 154,784
Fixed Assets, Net 41,001,737 39,396,876 33,413,376
Lands 0 0 6,309,272
Projects in Progress 36,275 1,972,413 29,575
Total Fixed Assets 41,038,012 41,369,289 39,752,223
Other Assets 497,000 1,250,755 0
Total Assets 59,392,173 63,062,990 58,522,630

Liabilities (JD)

2021 2020 2019
Credit Banks 4,271,217 7,247,422 13,699,573
Short Term Loans 5,086,880 2,281,427 7,670,246
Current Part of Long Term Loans 0 0 0
Total Current Liabilities 23,154,946 24,408,195 30,240,801
Long Term Loans & Notes Payable 14,544,317 14,544,317 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 37,699,263 38,952,512 30,240,801

Shareholders Equity (JD)

2021 2020 2019
Authorized Capital 35,000,000 35,000,000 35,000,000
Subscribed Capital 35,000,000 35,000,000 35,000,000
Paid in Capital 35,000,000 35,000,000 35,000,000
Compulsory Reserves 6,075,043 6,075,043 6,075,043
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 1,509,320 1,509,320 1,509,320
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 0 0 0
Retained Earnings -20,891,453 -18,473,885 -14,302,534
Total Shareholders Equity 21,692,910 24,110,478 28,281,829
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 59,392,173 63,062,990 58,522,630

Income Statement (JD)

2021 2020 2019
Operating Revenues 12,440,580 7,384,080 15,905,510
Operating Expenses 14,291,987 9,452,763 19,138,395
Gross Profit -1,851,407 -2,068,683 -3,232,885
General and Administrative Expenses 654,508 604,914 758,701
Selling and Distribution Expenses 3,350 24,481 140,379
Depreciation (Period) 600,992 559,689 740,565
Other Operating Expenses 0 0 307,655
Net Operating Income -2,509,265 -2,698,078 -4,439,620
Other Revenues 2,876,920 482,236 167,124
Other Expenses 791,009 13,592 248,213
Income Before Interest & Tax -423,354 -2,229,434 -4,520,709
Interest Expenses 1,994,214 1,941,917 1,822,642
Net Income Before Tax -2,417,568 -4,171,351 -6,343,351
Income Tax (Period) 0 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -2,417,568 -4,171,351 -6,343,351
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -2,417,568 -4,171,351 -6,343,351

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 57,664 61,489 978,433
Net Cash Flow from (Used in) Operating Activities 2,457,839 812,473 -1,796,234
Net Cash Flow from (Used in) Investing Activities -269,715 -2,176,755 -418,354
Net Cash Flow from (Used in) Financing Activities -2,164,966 1,360,457 1,297,644
Cash Balance (Ending) 80,822 57,664 61,489

Financial Ratios

2021 2020 2019
Turnover Ratio % 186.296 32.123 24.648
Earning Per Share (JD) -0.069 -0.119 -0.181
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.620 0.689 0.808
Price Earnings Ratio (Times) -4.778 -1.930 -1.600
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.532 0.334 0.359
Gross Margin % -14.882 -28.015 -20.326
Margin Before Interest and Tax % -3.403 -30.192 -28.422
Profit Margin % -19.433 -56.491 -39.882
Return On Assets % -4.071 -6.615 -10.839
Return On Equity % -11.145 -17.301 -22.429
Debt Ratio % 63.475 61.768 51.674
Equity Ratio % 36.525 38.232 48.326
Interest Coverage Ratio (Times) -0.212 -1.148 -2.480
Total Assets Turnover (Times) 0.210 0.117 0.272
Fixed Assets Turnover (Times) 0.303 0.179 0.400
Working Capital Turnover (Times) -2.282 -1.792 -1.368
Current Ratio (Times) 0.765 0.831 0.616
Working Capital (JD) -5,452,569.000 -4,120,033.000 -11,625,178.000