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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.83 0.56 0.82
Value Traded (JD) 239,119 221,817 4,544,413
No. of Shares Traded 337,512 257,247 4,252,731
No. of Transactions 650 311 2,259
No. of Subscribed Shares 6,000,000 6,000,000 6,000,000
Market Capitalization (JD) 4,980,000 3,360,000 4,920,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 3,451,427 1,794,273 2,247,888
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 2,779,449 4,654,167 2,926,060
Cheques to Be Collected 0 0 0
Other Current Assets 22,578 12,565 42,655
Total Current Assets 6,297,428 6,588,693 5,387,177
Non-Current Assets
Investments in Real Estates 778,676 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 20,474 17,243 25,978
Projects in Progress 520,475 892,793 2,735,665
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 2,630 9,630 0
Total Non-Current Assets 1,322,255 919,666 2,761,643
Total Assets 7,619,683 7,508,359 8,148,820

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 312,773 552,875 1,105,801
Total Current Liabilities 323,799 605,133 1,241,409
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 323,799 605,133 1,241,409

Shareholders Equity (JD)

2019 2018 2017
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 687,876 642,921 638,693
Voluntary Reserve 8,008 169,064 169,064
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 600,000 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings 0 91,241 99,654
Total Owners' Equity (Pertaining to Company's Shareholders) 7,295,884 6,903,226 6,907,411
Non-controlling Interest 0 0 0
Total Owners' Equity 7,295,884 6,903,226 6,907,411
Total Liabilities & Owners' Equity 7,619,683 7,508,359 8,148,820

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 2,912,695 1,445,884 3,653,510
Rents and Services Revenue 16,667 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 2,929,362 1,445,884 3,653,510
Profits From Sales of Securities 0 0 -16,340
Securities Revaluation 0 0 0
Dividends 0 0 2,125
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 139,850 83,915 64,254
Total Revenues 3,069,212 1,529,799 3,703,549
Expenses
Lands and Apartments Sales Expense 2,350,552 1,224,997 3,232,502
Rents and Services Expense 0 0 0
General and Administrative Expenses 250,573 253,790 235,540
Depreciation 18,538 8,735 8,031
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 18,538 8,737 8,031
Total Operating Expenses 2,619,663 1,487,524 3,476,073
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses 449,549 42,275 227,476
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 449,549 42,275 227,476
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 56,891 7,941 45,495
Net Profit 392,658 34,334 181,981
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 392,658 34,334 181,981

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 1,804,855 2,247,888 2,368,245
Net Cash Flow from (Used in) Operating Activities 1,672,849 -443,033 -1,081,753
Net Cash Flow from (Used in) Investing Activities -5,968 0 1,861,396
Net Cash Flow from (Used in) Financing Activities 0 0 -900,000
Cash Balance (Ending) 3,471,736 1,804,855 2,247,888

Financial Ratios

2019 2018 2017
Turnover Ratio % 5.630 4.290 70.880
Earnings Per Share (JD) 0.070 0.010 0.030
Dividends Per Share (JD) 0.100 0.000 0.000
Book Value Per Share (JD) 1.220 1.150 1.150
Price Earnings Ratio (Times) 12.680 97.860 27.040
Dividend Yield % 12.050 0.000 0.000
Dividends Per Share to Earnings Per Share % 152.800 0.000 0.000
Price to Book Value (Times) 0.680 0.490 0.710
Return On Assets % 5.150 0.460 2.230
Return On Equity % 5.380 0.500 2.630
Debt Ratio % 4.250 8.060 15.230
Equity Ratio % 95.750 91.940 84.770
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.380 0.190 0.450
Fixed Assets Turnover (Times) 143.080 83.850 140.640
Working Capital Turnover (Times) 0.490 0.240 0.880
Current Ratio (Times) 19.450 10.890 4.340
Working Capital (JD) 5,973,629.000 5,983,560.000 4,145,768.000