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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.80 0.86 1.19
Value Traded (JD) 93,833,628 72,143,477 47,111,545
No. of Shares Traded 96,397,628 68,392,722 81,209,774
No. of Transactions 15,342 12,816 13,194
No. of Subscribed Shares 81,000,000 8,100,000 8,100,000
Market Capitalization (JD) 64,800,000 6,966,000 9,639,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 244,282 902,790 562,413
Financial Assets at Fair Value Through Profit 1,400,152 1,478,150 1,468,497
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 6,783 70,479 69,150
Other Current Assets 221,051 584,626 677,987
Total Current Assets 6,173,682 7,098,412 6,198,009
Non-Current Assets
Investments in Real Estates 10,739,646 17,103,118 17,317,841
Financial Assets at Fair Value Through Other Comprehensive Income 217,003 91,841 107,230
Fixed Assets, Net 395,983 502,657 1,293,072
Projects in Progress 0 0 1,002,017
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 378,674 383,140 425,094
Total Non-Current Assets 11,731,306 18,080,756 20,145,254
Total Assets 17,904,988 25,179,168 26,343,263

Liabilities (JD)

2018 2017 2016
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 5,200,000 3,450,000
Accrued Part of Long Term Loans 111,600 111,600 111,600
Other Current Liabilities 3,979,763 6,419,163 6,044,397
Total Current Liabilities 5,066,144 12,784,634 12,227,240
Non-Current Liabilities
Long Term Loan 136,693 219,038 302,054
Corporate Bonds 0 5,750,000 7,500,000
Other Non-Current Liabilities 1,605,542 2,307,232 2,237,532
Total Non-Current Liabilities 1,742,235 8,276,270 10,039,586
Total Liabilities 6,808,379 21,060,904 22,266,826

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 8,100,000 8,100,000 8,100,000
Subscribed Capital 81,000,000 8,100,000 8,100,000
Paid in Capital 8,100,000 8,100,000 8,100,000
Compulsory Reserves 803,700 2,072,202 2,066,480
Voluntary Reserve 0 2,278 2,278
Other Reserves 0 0 0
Issuance Premium 0 75,504 75,504
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 -74,322 -18,947 -3,558
Retained Earnings 2,267,231 -6,112,773 -6,164,267
Total Owners' Equity (Pertaining to Company's Shareholders) 11,096,609 4,118,264 4,076,437
Non-controlling Interest 0 0 0
Total Owners' Equity 11,096,609 4,118,264 4,076,437
Total Liabilities & Owners' Equity 17,904,988 25,179,168 26,343,263

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 2,274,033 2,579,043 2,540,001
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,274,033 2,579,043 2,540,001
Profits From Sales of Securities -1,049 -8,515 -56,682
Securities Revaluation -54,928 9,653 -78,320
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 7,570,199 159,982 937,880
Total Revenues 9,788,255 2,740,163 3,342,879
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 1,256,733 1,563,953 1,622,250
General and Administrative Expenses 364,731 375,522 584,835
Depreciation 636,734 875,832 881,039
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 1,621,464 1,939,475 2,207,085
Other Expenses 35,478 17,569 506,240
Profit Before Interest, Income Tax and Fees Expenses 8,131,313 783,119 629,554
Interest Expense 94,316 725,903 1,452,231
Profit Before Tax and Fees Expenses 8,036,997 57,216 -822,677
Jordanian Universities Fees 0 0 0
Scientific Research Fees 0 0 0
Professional and Technical Training and Education Fees 0 0 0
Board Members Remuneration 0 0 0
Previous Years Income Tax 0 0 0
Income Tax 750,000 0 0
Net Profit 7,286,997 57,216 -822,677
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 7,286,997 57,216 -822,677

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 902,790 562,413 258,575
Net Cash Flow from (Used in) Operating Activities 4,970,646 -329,827 729,817
Net Cash Flow from (Used in) Investing Activities 5,657,341 1,135,789 433,036
Net Cash Flow from (Used in) Financing Activities -11,286,495 -465,585 -859,015
Cash Balance (Ending) 244,282 902,790 562,413

Financial Ratios

2018 2017 2016
Turnover Ratio % 119.01 844.35 1,002.59
Earnings Per Share (JD) 0.90 0.01 -0.10
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 1.37 0.51 0.50
Price Earnings Ratio (Times) 8.89 121.75 -11.72
Dividend Yield % 0.00 0.00 0.00
Dividends Per Share to Earnings Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 5.84 1.69 2.36
Return On Assets % 40.70 0.23 -3.12
Return On Equity % 65.67 1.39 -20.18
Debt Ratio % 38.03 83.64 84.53
Equity Ratio % 61.97 16.36 15.47
Interest Coverage Ratio (Times) 86.21 1.08 0.43
Total Assets Turnover (Times) 0.13 0.10 0.10
Fixed Assets Turnover (Times) 5.74 5.13 1.96
Working Capital Turnover (Times) 2.05 -0.45 -0.42
Current Ratio (Times) 1.22 0.56 0.51
Working Capital (JD) 1,107,538.00 -5,686,222.00 -6,029,231.00