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ASSAS FOR CONCRETE PRODUCTS CO. LTD Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.15 0.16 0.24
Value Traded (JD) 658,802 3,003,832 1,123,058
No. of Shares Traded 3,952,976 11,753,478 4,670,029
No. of Transactions 1,670 3,645 1,584
No. of Subscribed Shares 12,000,000 12,000,000 12,000,000
Market Capitalization (JD) 1,800,000 1,920,000 2,880,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 24,624 6,329 20,982
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 1,007,690 1,457,286 1,728,850
Spare Parts 0 0 0
Total Current Assets 2,741,670 4,454,037 5,174,899
Long Term Investments 1,696,824 1,729,386 1,769,864
Fixed Assets, Net 5,817,946 6,107,950 6,504,451
Lands 2,637,796 2,637,796 2,637,796
Projects in Progress 123,415 237,508 0
Total Fixed Assets 8,579,157 8,983,254 9,142,247
Other Assets 0 0 0
Total Assets 13,017,651 15,166,677 16,087,010

Liabilities (JD)

2019 2018 2017
Credit Banks 917,941 1,082,130 1,576,921
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 402,686 155,424 121,024
Total Current Liabilities 5,874,233 6,674,905 6,753,039
Long Term Loans & Notes Payable 187,500 49,397 50,000
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 6,061,733 6,724,302 6,803,039

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 12,000,000 12,000,000 12,000,000
Subscribed Capital 12,000,000 12,000,000 12,000,000
Paid in Capital 12,000,000 12,000,000 12,000,000
Compulsory Reserves 116,815 116,815 108,155
Voluntary Reserve 75,201 75,201 75,201
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 -353,130 -285,712 -262,602
Retained Earnings -4,882,968 -3,463,929 -2,636,783
Total Shareholders Equity 6,955,918 8,442,375 9,283,971
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 13,017,651 15,166,677 16,087,010

Income Statement (JD)

2019 2018 2017
Operating Revenues 5,298,271 6,131,613 7,744,882
Operating Expenses 5,697,000 6,015,279 7,163,353
Gross Profit -398,729 116,334 581,529
General and Administrative Expenses 922,578 645,076 764,044
Selling and Distribution Expenses 108,772 125,708 297,165
Depreciation (Period) 872,625 924,000 962,534
Other Operating Expenses 838,544 1,025,752 1,073,490
Net Operating Income -2,268,623 -1,680,202 -1,553,170
Other Revenues 1,046,142 1,192,130 1,084,830
Other Expenses 144 0 0
Income Before Interest & Tax -1,222,625 -488,072 -468,340
Interest Expenses 196,414 100,913 128,413
Net Income Before Tax -1,419,039 -588,985 -596,753
Income Tax (Period) 0 4,558 4,558
Income Tax (Previous Years) 0 7,380 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -1,419,039 -600,923 -601,311
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,419,039 -600,923 -601,311

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 6,329 20,982 31,865
Net Cash Flow from (Used in) Operating Activities 302,654 1,091,018 318,862
Net Cash Flow from (Used in) Investing Activities -505,717 -644,677 -441,269
Net Cash Flow from (Used in) Financing Activities 221,358 -460,994 111,524
Cash Balance (Ending) 24,624 6,329 20,982

Financial Ratios

2019 2018 2017
Turnover Ratio % 32.942 97.946 38.917
Earning Per Share (JD) -0.118 -0.050 -0.050
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.580 0.704 0.774
Price Earnings Ratio (Times) -1.269 -3.195 -4.790
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) 0.259 0.227 0.310
Gross Margin % -7.526 1.897 7.509
Margin Before Interest and Tax % -23.076 -7.960 -6.047
Profit Margin % -26.783 -9.800 -7.764
Return On Assets % -10.901 -3.962 -3.738
Return On Equity % -20.401 -7.118 -6.477
Debt Ratio % 46.566 44.336 42.289
Equity Ratio % 53.435 55.664 57.711
Interest Coverage Ratio (Times) -6.225 -4.837 -3.647
Total Assets Turnover (Times) 0.407 0.404 0.481
Fixed Assets Turnover (Times) 0.618 0.683 0.847
Working Capital Turnover (Times) -1.691 -2.761 -4.908
Current Ratio (Times) 0.467 0.667 0.766
Working Capital (JD) -3,132,563.000 -2,220,868.000 -1,578,140.000