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INTERMEDIATE PETROCHEMICALS INDUSTRIES CO. LTD. Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.36 0.46 0.81
Value Traded (JD) 4,448,159 23,343,489 20,718,296
No. of Shares Traded 11,062,897 37,464,697 29,347,985
No. of Transactions 5,801 16,788 11,015
No. of Subscribed Shares 7,000,000 7,000,000 7,000,000
Market Capitalization (JD) 2,520,000 3,220,000 5,670,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Cash on Hand & at Banks 213,805 31,084 273,411
Notes Receivable 0 0 89,381
Short Term Investments 0 0 0
Inventory 1,089,996 1,024,354 1,725,720
Spare Parts 0 0 0
Total Current Assets 1,775,900 2,196,972 3,253,200
Long Term Investments 21,475 21,302 21,810
Fixed Assets, Net 3,853,074 4,253,630 4,389,753
Lands 1,239,611 1,239,611 1,239,611
Projects in Progress 0 0 226,210
Total Fixed Assets 5,092,685 5,493,241 5,855,574
Other Assets 0 0 0
Total Assets 6,890,060 7,711,515 9,130,584

Liabilities (JD)

2020 2019 2018
Credit Banks 487,374 488,956 4,374,274
Short Term Loans 1,757,915 1,153,189 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 2,540,353 2,017,850 5,047,074
Long Term Loans & Notes Payable 2,105,822 2,756,750 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 4,646,175 4,774,600 5,047,074

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 7,000,000 7,000,000 7,000,000
Subscribed Capital 7,000,000 7,000,000 7,000,000
Paid in Capital 7,000,000 7,000,000 7,000,000
Compulsory Reserves 0 0 69,486
Voluntary Reserve 0 0 1,009,940
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 -7,525 -7,698 -7,190
Retained Earnings -4,748,590 -4,055,387 -3,988,726
Total Shareholders Equity 2,243,885 2,936,915 4,083,510
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 6,890,060 7,711,515 9,130,584

Income Statement (JD)

2020 2019 2018
Operating Revenues 2,072,343 3,207,066 4,373,551
Operating Expenses 2,175,997 3,584,626 4,670,826
Gross Profit -103,654 -377,560 -297,275
General and Administrative Expenses 275,942 403,265 472,419
Selling and Distribution Expenses 59,790 83,551 109,712
Depreciation (Period) 407,301 394,988 408,327
Other Operating Expenses 165,288 413,893 111,843
Net Operating Income -604,674 -1,278,269 -991,249
Other Revenues 125,816 400,146 10,610
Other Expenses 0 0 0
Income Before Interest & Tax -478,858 -878,123 -980,639
Interest Expenses 214,345 267,964 279,705
Net Income Before Tax -693,203 -1,146,087 -1,260,344
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 -693,203 -1,146,087 -1,260,344
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -693,203 -1,146,087 -1,260,344

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 31,084 273,411 153,008
Net Cash Flow from (Used in) Operating Activities 451,595 32,521 1,001,488
Net Cash Flow from (Used in) Investing Activities -6,745 -31,505 -28,670
Net Cash Flow from (Used in) Financing Activities -262,129 -243,343 -852,415
Cash Balance (Ending) 213,805 31,084 273,411

Financial Ratios

2020 2019 2018
Turnover Ratio % 158.041 535.210 419.257
Earning Per Share (JD) -0.099 -0.164 -0.180
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.321 0.420 0.583
Price Earnings Ratio (Times) -3.635 -2.810 -4.499
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) 1.123 1.096 1.389
Gross Margin % -5.002 -11.773 -6.797
Margin Before Interest and Tax % -23.107 -27.381 -22.422
Profit Margin % -33.450 -35.736 -28.817
Return On Assets % -10.061 -14.862 -13.804
Return On Equity % -30.893 -39.024 -30.864
Debt Ratio % 67.433 61.915 55.277
Equity Ratio % 32.567 38.085 44.723
Interest Coverage Ratio (Times) -2.234 -3.277 -3.506
Total Assets Turnover (Times) 0.301 0.416 0.479
Fixed Assets Turnover (Times) 0.407 0.584 0.747
Working Capital Turnover (Times) -2.711 17.904 -2.438
Current Ratio (Times) 0.699 1.089 0.645
Working Capital (JD) -764,453.000 179,122.000 -1,793,874.000