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JORDANIAN REALESTATE COMPANY FOR DEVELOPMENT Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.35 0.39 0.50
Value Traded (JD) 284,912 773,107 721,845
No. of Shares Traded 765,569 1,767,272 1,365,137
No. of Transactions 685 1,641 1,192
No. of Subscribed Shares 34,500,000 34,500,000 34,500,000
Market Capitalization (JD) 12,075,000 13,455,000 17,250,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 5,235,319 5,965,611 6,323,367
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 20,996,555 21,490,521 22,307,147
Cheques to Be Collected 72,259 114,783 202,340
Other Current Assets 324,906 401,016 1,375,541
Total Current Assets 27,355,230 28,756,400 31,840,909
Non-Current Assets
Investments in Real Estates 4,521,728 4,578,001 0
Financial Assets at Fair Value Through Other Comprehensive Income 4,008,885 3,986,229 4,273,914
Fixed Assets, Net 217,349 44,216 24,773
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 32,783 32,783 32,783
Other Non-Current Assets 52,200 67,800 87,017
Total Non-Current Assets 8,832,945 8,709,029 4,418,487
Total Assets 36,188,175 37,465,429 36,259,396

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 1,163,712 1,159,418 1,109,336
Total Current Liabilities 1,361,690 2,865,505 1,543,317
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 88,713 0
Total Non-Current Liabilities 0 88,713 0
Total Liabilities 1,361,690 2,954,218 1,543,317

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 34,500,000 34,500,000 34,500,000
Subscribed Capital 34,500,000 34,500,000 34,500,000
Paid in Capital 34,500,000 34,500,000 34,500,000
Compulsory Reserves 2,123,541 2,079,820 2,021,583
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 36,479 36,479 36,479
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 -2,770,291 -2,792,947 -2,393,946
Retained Earnings 936,756 687,859 551,963
Total Owners' Equity (Pertaining to Company's Shareholders) 34,826,485 34,511,211 34,716,079
Non-controlling Interest 0 0 0
Total Owners' Equity 34,826,485 34,511,211 34,716,079
Total Liabilities & Owners' Equity 36,188,175 37,465,429 36,259,396

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 350,080 486,807 356,295
Rents and Services Revenue 137,787 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 487,867 486,807 356,295
Profits From Sales of Securities 0 0 0
Securities Revaluation 0 0 0
Dividends 138,987 209,462 306,979
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 322,414 244,051 195,878
Total Revenues 949,268 940,320 859,152
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 440,699 290,216 283,198
Depreciation 99,932 5,900 4,185
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 71,357 91,360 37,260
Total Operating Expenses 512,056 381,576 320,458
Other Expenses 0 0 101,720
Profit Before Interest, Income Tax and Fees Expenses 437,212 558,744 436,974
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 437,212 558,744 436,974
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 31,382 37,666 37,500
Previous Years Income Tax 0 0 0
Income Tax 70,267 80,573 46,439
Net Profit 335,563 440,505 353,035
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 335,563 440,505 353,035

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 5,965,611 6,323,367 6,340,879
Net Cash Flow from (Used in) Operating Activities -942,181 4,020,616 407,535
Net Cash Flow from (Used in) Investing Activities 211,889 -4,378,372 -425,047
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 5,235,319 5,965,611 6,323,367

Financial Ratios

2019 2018 2017
Turnover Ratio % 2.22 5.12 3.96
Earnings Per Share (JD) 0.01 0.01 0.01
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 1.01 1.00 1.01
Price Earnings Ratio (Times) 35.98 30.54 48.86
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) 0.35 0.39 0.50
Return On Assets % 0.93 1.18 0.97
Return On Equity % 0.96 1.28 1.02
Debt Ratio % 3.76 7.89 4.26
Equity Ratio % 96.24 92.11 95.74
Interest Coverage Ratio (Times) 0.00 0.00 0.00
Total Assets Turnover (Times) 0.01 0.01 0.01
Fixed Assets Turnover (Times) 2.24 11.01 14.38
Working Capital Turnover (Times) 0.02 0.02 0.01
Current Ratio (Times) 20.09 10.04 20.63
Working Capital (JD) 25,993,540.00 25,890,895.00 30,297,592.00