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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.86 1.19 0.28
Value Traded (JD) 72,143,477 47,111,545 76,830,993
No. of Shares Traded 68,392,722 81,209,774 137,940,181
No. of Transactions 12,816 13,194 22,654
No. of Subscribed Shares 8,100,000 8,100,000 25,760,000
Market Capitalization (JD) 6,966,000 9,639,000 7,212,800
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Current Assets
Cash on Hand & at Banks 902,790 562,413 258,575
Financial Assets at Fair Value Through Profit 1,478,150 1,468,497 1,617,939
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 70,479 69,150 97,464
Other Current Assets 584,626 677,987 532,210
Total Current Assets 7,060,924 6,198,009 6,264,002
Non-Current Assets
Investments in Real Estates 15,490,494 17,317,841 17,963,664
Financial Assets at Fair Value Through Other Comprehensive Income 91,841 107,230 297,846
Fixed Assets, Net 1,113,264 1,293,072 1,461,192
Projects in Progress 1,002,017 1,002,017 1,002,017
Investments in Companies (Sister and Affiliate) 0 0 806,813
Other Non-Current Assets 420,628 425,094 429,560
Total Non-Current Assets 18,118,244 20,145,254 21,961,092
Total Assets 25,179,168 26,343,263 28,225,094

Liabilities (JD)

2017 2016 2015
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 5,200,000 3,450,000 1,700,000
Accrued Part of Long Term Loans 111,600 111,600 0
Other Current Liabilities 6,419,163 6,044,397 3,445,787
Total Current Liabilities 12,784,634 12,227,240 9,686,300
Non-Current Liabilities
Long Term Loan 219,038 302,054 0
Corporate Bonds 5,750,000 7,500,000 9,250,000
Other Non-Current Liabilities 2,307,232 2,237,532 4,382,390
Total Non-Current Liabilities 8,276,270 10,039,586 13,632,390
Total Liabilities 21,060,904 22,266,826 23,318,690

Shareholders Equity (JD)

2017 2016 2015
Authorized Capital 8,100,000 8,100,000 25,760,000
Subscribed Capital 8,100,000 8,100,000 25,760,000
Paid in Capital 8,100,000 8,100,000 25,760,000
Compulsory Reserves 2,072,202 2,066,480 2,066,480
Voluntary Reserve 2,278 2,278 2,278
Other Reserves 0 0 0
Issuance Premium 75,504 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 -18,947 -3,558 -9,214
Retained Earnings -6,112,773 -6,164,267 -22,988,644
Total Owners' Equity (Pertaining to Company's Shareholders) 4,118,264 4,076,437 4,906,404
Non-controlling Interest 0 0 0
Total Owners' Equity 4,118,264 4,076,437 4,906,404
Total Liabilities & Owners' Equity 25,179,168 26,343,263 28,225,094

Income Statement (JD)

2017 2016 2015
Revenues
Lands and Apartments Sales Revenue 0 0 942,420
Rents and Services Revenue 2,579,043 2,540,001 2,566,415
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,579,043 2,540,001 3,508,835
Profits From Sales of Securities -8,515 -56,682 -155,260
Securities Revaluation 9,653 -78,320 -481,378
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 0 0 -916,617
Other Revenues 159,982 937,880 202,955
Total Revenues 2,740,163 3,342,879 2,158,535
Expenses
Lands and Apartments Sales Expense 0 0 328,030
Rents and Services Expense 1,563,953 1,622,250 1,651,999
General and Administrative Expenses 375,522 584,835 563,874
Depreciation 875,832 881,039 689,085
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 57,751
Total Operating Expenses 1,939,475 2,207,085 2,601,654
Other Expenses 17,569 506,240 1,385,218
Profit Before Interest, Income Tax and Fees Expenses 783,119 629,554 -1,828,337
Interest Expense 725,903 1,452,231 1,890,687
Profit Before Tax and Fees Expenses 57,216 -822,677 -3,719,024
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 0 0 0
Net Profit 57,216 -822,677 -3,719,024
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 57,216 -822,677 -3,719,024

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) 562,413 258,575 185,100
Net Cash Flow from (Used in) Operating Activities -329,827 729,817 1,039,174
Net Cash Flow from (Used in) Investing Activities 1,135,789 433,036 1,822,676
Net Cash Flow from (Used in) Financing Activities -465,585 -859,015 -2,788,375
Cash Balance (Ending) 902,790 562,413 258,575

Financial Ratios

2017 2016 2015
Turnover Ratio % 844.35 1,002.59 535.48
Earnings Per Share (JD) 0.01 -0.10 -0.14
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.51 0.50 0.19
Price Earnings Ratio (Times) 121.75 -11.72 -1.94
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) 1.69 2.36 1.47
Return On Assets % 0.23 -3.12 -13.18
Return On Equity % 1.39 -20.18 -75.80
Debt Ratio % 83.64 84.53 82.62
Equity Ratio % 16.36 15.47 17.38
Interest Coverage Ratio (Times) 1.08 0.43 -0.97
Total Assets Turnover (Times) 0.10 0.10 0.12
Fixed Assets Turnover (Times) 2.32 1.96 2.40
Working Capital Turnover (Times) -0.45 -0.42 -1.03
Current Ratio (Times) 0.55 0.51 0.65
Working Capital (JD) -5,723,710.00 -6,029,231.00 -3,422,298.00