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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.56 0.82 0.99
Value Traded (JD) 221,817 4,544,413 13,991,158
No. of Shares Traded 257,247 4,252,731 12,047,024
No. of Transactions 311 2,259 6,818
No. of Subscribed Shares 6,000,000 6,000,000 6,000,000
Market Capitalization (JD) 3,360,000 4,920,000 5,940,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 1,794,273 2,247,888 2,473,668
Financial Assets at Fair Value Through Profit 0 0 86,940
Real Estate Ready for Sale 4,654,167 2,926,060 1,309,945
Cheques to Be Collected 0 0 0
Other Current Assets 12,565 42,655 18,033
Total Current Assets 6,588,693 5,387,177 6,500,611
Non-Current Assets
Investments in Real Estates 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 17,243 25,978 11,511
Projects in Progress 892,793 2,735,665 1,955,286
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 9,630 0 0
Total Non-Current Assets 919,666 2,761,643 1,966,797
Total Assets 7,508,359 8,148,820 8,467,408

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 552,875 1,105,801 336,937
Total Current Liabilities 605,133 1,241,409 453,583
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 605,133 1,241,409 453,583

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 6,000,000 6,000,000 6,000,000
Subscribed Capital 6,000,000 6,000,000 6,000,000
Paid in Capital 6,000,000 6,000,000 6,000,000
Compulsory Reserves 642,921 638,693 653,372
Voluntary Reserve 169,064 169,064 460,453
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 900,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings 91,241 99,654 0
Total Owners' Equity (Pertaining to Company's Shareholders) 6,903,226 6,907,411 8,013,825
Non-controlling Interest 0 0 0
Total Owners' Equity 6,903,226 6,907,411 8,013,825
Total Liabilities & Owners' Equity 7,508,359 8,148,820 8,467,408

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 1,445,884 3,653,510 3,406,073
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 1,445,884 3,653,510 3,406,073
Profits From Sales of Securities 0 -16,340 9,955
Securities Revaluation 0 0 4,560
Dividends 0 2,125 0
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 83,915 64,254 134,114
Total Revenues 1,529,799 3,703,549 3,554,702
Expenses
Lands and Apartments Sales Expense 1,224,997 3,232,502 2,936,246
Rents and Services Expense 0 0 0
General and Administrative Expenses 253,792 235,540 233,066
Depreciation 8,735 8,031 6,560
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 8,735 8,031 6,560
Total Operating Expenses 1,487,524 3,476,073 3,175,872
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses 42,275 227,476 378,830
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 42,275 227,476 378,830
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 26,600
Previous Years Income Tax 0 0 0
Income Tax 7,941 45,495 59,796
Net Profit 34,334 181,981 292,434
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 34,334 181,981 292,434

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 2,247,888 2,368,245 2,464,669
Net Cash Flow from (Used in) Operating Activities 667,199 -1,081,753 -70,336
Net Cash Flow from (Used in) Investing Activities -1,110,232 1,861,396 478,109
Net Cash Flow from (Used in) Financing Activities 0 -900,000 -398,774
Cash Balance (Ending) 1,804,855 2,247,888 2,473,668

Financial Ratios

2018 2017 2016
Turnover Ratio % 4.29 70.88 200.78
Earnings Per Share (JD) 0.01 0.03 0.05
Dividends Per Share (JD) 0.00 0.00 0.15
Book Value Per Share (JD) 1.15 1.15 1.34
Price Earnings Ratio (Times) 97.86 27.04 20.31
Dividend Yield % 0.00 0.00 15.15
Dividends Per Share to Earnings Per Share % 0.00 0.00 307.76
Price to Book Value (Times) 0.49 0.71 0.74
Return On Assets % 0.46 2.23 3.45
Return On Equity % 0.50 2.63 3.65
Debt Ratio % 8.06 15.23 5.36
Equity Ratio % 91.94 84.77 94.64
Interest Coverage Ratio (Times) 0.00 0.00 0.00
Total Assets Turnover (Times) 0.19 0.45 0.40
Fixed Assets Turnover (Times) 83.85 140.64 295.90
Working Capital Turnover (Times) 0.24 0.88 0.56
Current Ratio (Times) 10.89 4.34 14.33
Working Capital (JD) 5,983,560.00 4,145,768.00 6,047,028.00