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Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.88 1.68 1.65
Value Traded (JD) 1,527 1,867 71,414
No. of Shares Traded 830 1,045 45,140
No. of Transactions 9 5 14
No. of Subscribed Shares 5,000,000 5,000,000 5,000,000
Market Capitalization (JD) 9,400,000 8,400,000 8,250,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Cash on Hand & at Banks 3,373 59,039 47,543
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 0 0 0
Spare Parts 528,883 548,443 529,763
Total Current Assets 2,528,543 3,886,160 2,545,112
Long Term Investments 1,662 1,422 3,850
Fixed Assets, Net 11,008,200 11,714,122 8,579,506
Lands 1,219,234 1,219,234 1,219,234
Projects in Progress 48,280 48,280 55,780
Total Fixed Assets 12,275,714 12,981,636 9,854,520
Other Assets 0 0 0
Total Assets 14,805,919 16,869,218 12,403,482

Liabilities (JD)

2020 2019 2018
Credit Banks 615,352 507,815 312,342
Short Term Loans 726,400 1,854,174 1,166,604
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 3,078,019 4,202,021 2,821,437
Long Term Loans & Notes Payable 7,677,536 6,513,894 4,142,441
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 10,755,555 10,715,915 6,963,878

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 5,000,000 5,000,000 5,000,000
Subscribed Capital 5,000,000 5,000,000 5,000,000
Paid in Capital 5,000,000 5,000,000 5,000,000
Compulsory Reserves 208,428 208,428 91,594
Voluntary Reserve 233,668 233,668 0
Other Reserves 233,668 233,668 0
Purchase of Non-controlling interest differences 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 250,000 250,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value -14,638 -14,878 -12,450
Retained Earnings -1,610,762 242,417 110,460
Total Shareholders Equity 4,050,364 6,153,303 5,439,604
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 14,805,919 16,869,218 12,403,482

Income Statement (JD)

2020 2019 2018
Operating Revenues 1,670,392 9,639,227 6,003,112
Operating Expenses 2,227,518 6,911,754 4,506,889
Gross Profit -557,126 2,727,473 1,496,223
General and Administrative Expenses 774,335 1,091,074 706,778
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 935,527 1,193,842 887,033
Other Operating Expenses 0 0 0
Net Operational Income -1,331,461 1,636,399 789,445
Other Revenues 83,146 150,352 39,895
Other Expenses 11,041 16,615 9,965
Income Before Interest & Tax -1,259,356 1,770,136 819,375
Interest Expenses 593,823 601,799 368,864
Net Income Before Tax -1,853,179 1,168,337 450,511
Income Tax (period) 0 202,210 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 35,000
Net Income -1,853,179 966,127 415,511
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,853,179 966,127 415,511

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 59,039 47,543 16,751
Net Cash Flow from (Used in) Operating Activities 288,407 920,080 2,342,767
Net Cash Flow from (Used in) Investing Activities -165,081 -4,209,736 -3,747,702
Net Cash Flow from (Used in) Financing Activities -178,992 3,301,152 1,435,727
Cash Balance (Ending) 3,373 59,039 47,543

Financial Ratios

2020 2019 2018
Turnover Ratio % 0.017 0.021 0.903
Earning Per Share (JD) -0.371 0.193 0.083
Dividend Per Share (JD) 0.000 0.050 0.050
Book Value Per Share (JD) 0.810 1.231 1.088
Price Earnings Ratio (Times) -5.072 8.695 19.855
Dividend Yield % 0.000 2.976 3.030
Dividends Per Share to Earning Per Share % 0.000 25.877 60.167
Price to Book Value (Times) 2.3208 1.3651 1.5167
Gross Margin % -33.353 28.296 24.924
Margin Before Interest and Tax % -75.393 18.364 13.649
Profit Margin % -110.943 10.023 6.922
Return On Assets % -12.517 5.727 3.350
Return On Equity % -45.753 15.701 7.639
Debt Ratio % 72.644 63.524 56.145
Equity Ratio % 27.356 36.477 43.856
Interest Coverage Ratio (Times) -2.121 2.941 2.221
Total Assets Turnover (Times) 0.113 0.571 0.484
Fixed Assets Turnover (Times) 0.136 0.743 0.609
Working Capital Turnover (Times) -3.040 -30.517 -21.725
Current Ratio (Times) 0.822 0.925 0.902
Working Capital (JD) -549,476.000 -315,861.000 -276,325.000