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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.68 1.82 1.60
Value Traded (JD) 23,842,739 11,036,681 24,429,004
No. of Shares Traded 11,199,685 6,260,513 17,480,117
No. of Transactions 627 335 2,088
No. of Subscribed Shares 9,500,000 9,500,000 9,500,000
Market Capitalization (JD) 25,460,000 17,290,000 15,200,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 155,663 416,049 3,967,413
Financial Assets at Fair Value Through Profit 1,650 300 1,200
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 24,495 0 9,750
Other Current Assets 22,004 23,235 19,953
Total Current Assets 203,813 439,585 3,998,317
Non-Current Assets
Investments in Real Estates 7,790,476 9,992,602 9,988,406
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 52,306 62,953 5,675
Projects in Progress 2,237,225 0 0
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 118,268 60,080 3,785
Total Non-Current Assets 10,198,275 10,115,635 9,997,866
Total Assets 10,402,088 10,555,220 13,996,183

Liabilities (JD)

2018 2017 2016
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 785,004 771,780 3,974,617
Total Current Liabilities 841,623 787,387 4,002,272
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 0 0 0
Total Liabilities 841,623 787,387 4,002,272

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 9,500,000 9,500,000 9,500,000
Subscribed Capital 9,500,000 9,500,000 9,500,000
Paid in Capital 9,500,000 9,500,000 9,500,000
Compulsory Reserves 162,040 165,500 165,500
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 0 0 0
Retained Earnings -101,575 102,333 328,411
Total Owners' Equity (Pertaining to Company's Shareholders) 9,560,465 9,767,833 9,993,911
Non-controlling Interest 0 0 0
Total Owners' Equity 9,560,465 9,767,833 9,993,911
Total Liabilities & Owners' Equity 10,402,088 10,555,220 13,996,183

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 0 0 0
Profits From Sales of Securities 0 0 0
Securities Revaluation 1,350 -900 -12,000
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 51,017 11,947 1,172,542
Total Revenues 52,367 11,047 1,160,542
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 266,798 264,906 263,882
Depreciation 11,071 11,063 5,360
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 266,798 264,906 263,882
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -214,431 -253,859 896,660
Interest Expense 50,629 3,943 1,029
Profit Before Tax and Fees Expenses -265,060 -257,802 895,631
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 24,571 0
Previous Years Income Tax 0 0 0
Income Tax -60,573 -56,295 151,468
Net Profit -204,487 -226,078 744,163
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -204,487 -226,078 744,163

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 416,049 3,967,413 300,000
Net Cash Flow from (Used in) Operating Activities -222,593 -3,978,827 1,076,065
Net Cash Flow from (Used in) Investing Activities -34,912 -72,537 2,798,797
Net Cash Flow from (Used in) Financing Activities -2,881 500,000 -207,449
Cash Balance (Ending) 155,663 416,049 3,967,413

Financial Ratios

2018 2017 2016
Turnover Ratio % 117.89 65.90 184.00
Earnings Per Share (JD) -0.02 -0.02 0.08
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 1.01 1.03 1.05
Price Earnings Ratio (Times) -124.51 -76.48 20.43
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) 2.66 1.77 1.52
Return On Assets % -1.97 -2.14 5.32
Return On Equity % -2.14 -2.31 7.45
Debt Ratio % 8.09 7.46 28.60
Equity Ratio % 91.91 92.54 71.40
Interest Coverage Ratio (Times) -4.24 -64.38 871.39
Total Assets Turnover (Times) 0.00 0.00 0.00
Fixed Assets Turnover (Times) 0.00 0.00 0.00
Working Capital Turnover (Times) 0.00 0.00 0.00
Current Ratio (Times) 0.24 0.56 1.00
Working Capital (JD) -637,810.00 -347,802.00 -3,955.00