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INTERMEDIATE PETROCHEMICALS INDUSTRIES CO. LTD. Financial

Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.98 0.36 0.46
Value Traded (JD) 1,852,341 4,448,159 23,343,489
No. of Shares Traded 2,680,801 11,062,897 37,464,697
No. of Transactions 2,124 5,801 16,788
No. of Subscribed Shares 3,000,000 7,000,000 7,000,000
Market Capitalization (JD) 2,940,000 2,520,000 3,220,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Cash on Hand & at Banks 310,904 213,805 31,084
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 902,000 1,089,996 1,024,354
Spare Parts 0 0 0
Total Current Assets 1,580,240 1,775,900 2,196,972
Long Term Investments 21,583 21,475 21,302
Fixed Assets, Net 3,462,133 3,853,074 4,253,630
Lands 1,239,611 1,239,611 1,239,611
Projects in Progress 0 0 0
Total Fixed Assets 4,701,744 5,092,685 5,493,241
Other Assets 0 0 0
Total Assets 6,303,567 6,890,060 7,711,515

Liabilities (JD)

2021 2020 2019
Credit Banks 501,005 487,374 488,956
Short Term Loans 1,647,967 1,757,915 1,153,189
Current Part of Long Term Loans 0 0 0
Total Current Liabilities 2,416,861 2,540,353 2,017,850
Long Term Loans & Notes Payable 2,121,199 2,105,822 2,756,750
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 4,538,060 4,646,175 4,774,600

Shareholders Equity (JD)

2021 2020 2019
Authorized Capital 3,000,000 7,000,000 7,000,000
Subscribed Capital 3,000,000 7,000,000 7,000,000
Paid in Capital 3,000,000 7,000,000 7,000,000
Compulsory Reserves 0 0 0
Voluntary Reserve 0 0 0
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 -7,417 -7,525 -7,698
Retained Earnings -1,227,076 -4,748,590 -4,055,387
Total Shareholders Equity 1,765,507 2,243,885 2,936,915
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 6,303,567 6,890,060 7,711,515

Income Statement (JD)

2021 2020 2019
Operating Revenues 2,084,755 2,072,343 3,207,066
Operating Expenses 2,082,807 2,175,997 3,584,626
Gross Profit 1,948 -103,654 -377,560
General and Administrative Expenses 253,751 275,942 403,265
Selling and Distribution Expenses 60,369 59,790 83,551
Depreciation (Period) 407,727 407,301 394,988
Other Operating Expenses 99,430 165,288 413,893
Net Operating Income -411,602 -604,674 -1,278,269
Other Revenues 118,257 125,816 400,146
Other Expenses 0 0 0
Income Before Interest & Tax -293,345 -478,858 -878,123
Interest Expenses 185,141 214,345 267,964
Net Income Before Tax -478,486 -693,203 -1,146,087
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 -478,486 -693,203 -1,146,087
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -478,486 -693,203 -1,146,087

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 213,805 31,084 273,411
Net Cash Flow from (Used in) Operating Activities 379,966 451,595 32,521
Net Cash Flow from (Used in) Investing Activities -16,786 -6,745 -31,505
Net Cash Flow from (Used in) Financing Activities -266,081 -262,129 -243,343
Cash Balance (Ending) 310,904 213,805 31,084

Financial Ratios

2021 2020 2019
Turnover Ratio % 89.360 158.041 535.210
Earning Per Share (JD) -0.160 -0.099 -0.164
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.589 0.321 0.420
Price Earnings Ratio (Times) -6.144 -3.635 -2.810
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) 1.665 1.123 1.096
Gross Margin % 0.093 -5.002 -11.773
Margin Before Interest and Tax % -14.071 -23.107 -27.381
Profit Margin % -22.952 -33.450 -35.736
Return On Assets % -7.591 -10.061 -14.862
Return On Equity % -27.102 -30.893 -39.024
Debt Ratio % 71.992 67.433 61.915
Equity Ratio % 28.008 32.567 38.085
Interest Coverage Ratio (Times) -1.584 -2.234 -3.277
Total Assets Turnover (Times) 0.331 0.301 0.416
Fixed Assets Turnover (Times) 0.443 0.407 0.584
Working Capital Turnover (Times) -2.492 -2.711 17.904
Current Ratio (Times) 0.654 0.699 1.089
Working Capital (JD) -836,621.000 -764,453.000 179,122.000