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INTERMEDIATE PETROCHEMICALS INDUSTRIES CO. LTD. Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.81 0.75 0.26
Value Traded (JD) 20,718,296 19,749,088 9,349,163
No. of Shares Traded 29,347,985 32,986,349 24,161,791
No. of Transactions 11,015 14,066 8,110
No. of Subscribed Shares 7,000,000 7,000,000 7,000,000
Market Capitalization (JD) 5,670,000 5,250,000 1,820,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash on Hand & at Banks 273,411 153,008 19,593
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 1,725,720 3,478,768 3,360,253
Spare Parts 0 0 0
Total Current Assets 3,253,200 4,649,031 4,311,474
Long Term Investments 21,810 21,810 21,487
Fixed Assets, Net 4,389,753 4,810,082 5,534,284
Lands 1,239,611 1,239,611 1,239,611
Projects in Progress 226,210 185,538 41,607
Total Fixed Assets 5,855,574 6,235,231 6,815,502
Other Assets 0 0 0
Total Assets 9,130,584 10,906,072 11,148,463

Liabilities (JD)

2018 2017 2016
Credit Banks 4,374,274 4,946,984 3,580,052
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 5,047,074 5,562,218 4,031,862
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 5,047,074 5,562,218 4,031,862

Shareholders Equity (JD)

2018 2017 2016
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 69,486 69,486 69,486
Voluntary Reserve 1,009,940 1,009,940 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 -7,190 -7,190 -7,513
Retained Earnings -3,988,726 -2,728,382 -955,312
Total Shareholders Equity 4,083,510 5,343,854 7,116,601
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 9,130,584 10,906,072 11,148,463

Income Statement (JD)

2018 2017 2016
Operating Revenues 4,373,551 2,929,514 2,277,947
Operating Expenses 4,762,168 2,841,723 2,037,879
Gross Profit -388,617 87,791 240,068
General and Administrative Expenses 472,419 427,490 336,644
Selling and Distribution Expenses 109,712 80,041 56,466
Depreciation (Period) 408,327 443,743 200,635
Other Operating Expenses 20,501 1,106,814 48,295
Net Operating Income -991,249 -1,526,554 -201,337
Other Revenues 10,610 288 10,261
Other Expenses 0 0 0
Income Before Interest & Tax -980,639 -1,526,266 -191,076
Interest Expenses 279,705 230,804 168,087
Net Income Before Tax -1,260,344 -1,757,070 -359,163
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 -1,260,344 -1,757,070 -359,163
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,260,344 -1,757,070 -359,163

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 153,008 19,593 49,799
Net Cash Flow from (Used in) Operating Activities 1,001,488 -1,139,241 -356,445
Net Cash Flow from (Used in) Investing Activities -28,670 136,528 -89,330
Net Cash Flow from (Used in) Financing Activities -852,415 1,136,128 415,569
Cash Balance (Ending) 273,411 153,008 19,593

Financial Ratios

2018 2017 2016
Turnover Ratio % 419.26 471.23 345.17
Earning Per Share (JD) -0.18 -0.25 -0.05
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.58 0.76 1.02
Price Earnings Ratio (Times) -4.50 -2.99 -5.07
Dividend Yield % 0.00 0.00 0.00
Dividend Per Share to Earning Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 1.39 0.98 0.26
Gross Margin % -8.89 3.00 10.54
Margin Before Interest and Tax % -22.42 -52.10 -8.39
Profit Margin % -28.82 -59.98 -15.77
Return On Assets % -13.80 -16.11 -3.22
Return On Equity % -30.86 -32.88 -5.05
Debt Ratio % 55.28 51.00 36.17
Equity Ratio % 44.72 49.00 63.83
Interest Coverage Ratio (Times) -3.51 -6.61 -1.14
Total Assets Turnover (Times) 0.48 0.27 0.20
Fixed Assets Turnover (Times) 0.75 0.47 0.33
Working Capital Turnover (Times) -2.44 -3.21 8.15
Current Ratio (Times) 0.64 0.84 1.07
Working Capital (JD) -1,793,874.00 -913,187.00 279,612.00