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DEERA INVESTMENT & REAL ESTATE DEVELOPMENT CO Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.83 0.76 0.76
Value Traded (JD) 6,553,100 14,623,313 5,501,042
No. of Shares Traded 8,127,626 17,449,869 7,166,466
No. of Transactions 3,428 1,986 606
No. of Subscribed Shares 40,000,000 40,000,000 40,000,000
Market Capitalization (JD) 33,200,000 30,400,000 30,400,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 265,903 38,216 33,824
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 16,840,965 16,390,945 18,093,544
Cheques to Be Collected 45,419 115,849 91,675
Other Current Assets 1,662,465 1,202,941 718,187
Total Current Assets 19,463,504 18,441,265 20,016,139
Non-Current Assets
Investments in Real Estates 8,254,400 9,806,117 9,806,117
Financial Assets at Fair Value Through Other Comprehensive Income 377,376 886,164 1,392,283
Fixed Assets, Net 20,429,664 21,052,677 21,394,644
Projects in Progress 17,329,736 16,797,240 16,405,652
Investments in Companies (Sister and Affiliate) 15,346,993 15,377,609 15,403,242
Other Non-Current Assets 6,790,857 7,256,247 7,437,145
Total Non-Current Assets 68,529,026 71,176,054 71,839,083
Total Assets 87,992,530 89,617,319 91,855,222

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 901,786 786,199 154,093
Short Term Loans 3,437,101 3,749,590 3,536,518
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 2,275,571 1,823,232 1,053,590
Total Current Liabilities 11,678,700 11,298,028 8,828,383
Non-Current Liabilities
Long Term Loan 12,715,055 12,241,375 14,955,440
Corporate Bonds 0 0 0
Other Non-Current Liabilities 6,768,237 6,506,163 7,127,496
Total Non-Current Liabilities 19,483,292 18,747,538 22,082,936
Total Liabilities 31,161,992 30,045,566 30,911,319

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 40,000,000 40,000,000 40,000,000
Subscribed Capital 40,000,000 40,000,000 40,000,000
Paid in Capital 40,000,000 40,000,000 40,000,000
Compulsory Reserves 2,713,643 2,713,643 2,713,643
Voluntary Reserve 175,157 175,157 175,157
Other Reserves 0 0 0
Issuance Premium 16,400,000 16,400,000 16,400,000
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 -612,161 -525,495 -3,403,808
Retained Earnings -2,946,990 -608,649 3,984,526
Total Owners' Equity (Pertaining to Company's Shareholders) 55,729,649 58,154,656 59,869,518
Non-controlling Interest 1,100,889 1,417,097 1,074,385
Total Owners' Equity 56,830,538 59,571,753 60,943,903
Total Liabilities & Owners' Equity 87,992,530 89,617,319 91,855,222

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 1,657,443 2,074,819 5,587,190
Rents and Services Revenue 2,638,696 4,637,314 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 4,296,139 6,712,133 5,587,190
Profits From Sales of Securities 0 0 0
Securities Revaluation 0 0 0
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -30,616 -25,633 59,927
Other Revenues 20,580 680,230 52,717
Total Revenues 4,286,103 7,366,730 5,699,834
Expenses
Lands and Apartments Sales Expense 1,226,699 1,849,506 4,581,364
Rents and Services Expense 3,501,899 3,824,950 0
General and Administrative Expenses 1,116,505 1,327,297 1,045,208
Depreciation 626,618 598,335 315,898
Contingent Liabilities Provision 22,072 130,000 14,056
Other Operating Expenses 38,653 186,875 146,765
Total Operating Expenses 5,905,828 7,318,628 5,787,393
Other Expenses 40,251 801,721 0
Profit Before Interest, Income Tax and Fees Expenses -1,659,976 -753,619 -87,559
Interest Expense 1,006,083 1,070,261 516,953
Profit Before Tax and Fees Expenses -2,666,059 -1,823,880 -604,512
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 0 0 0
Net Profit -2,666,059 -1,823,880 -604,512
Non-controlling Interest -316,208 -238,560 -96,861
Net Income Pertaining to Shareholders -2,349,851 -1,585,320 -507,651

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 38,216 33,824 150,157
Net Cash Flow from (Used in) Operating Activities 585,277 3,078,679 4,513,863
Net Cash Flow from (Used in) Investing Activities -101,396 -380,749 -7,359,174
Net Cash Flow from (Used in) Financing Activities -256,194 -2,693,538 2,728,978
Cash Balance (Ending) 265,903 38,216 33,824

Financial Ratios

2020 2019 2018
Turnover Ratio % 20.320 43.620 17.920
Earnings Per Share (JD) -0.060 -0.040 -0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.390 1.450 1.500
Price Earnings Ratio (Times) -14.130 -19.180 -59.880
Dividend Yield % 0.000 0.000 0.000
Dividends Per Share to Earnings Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.600 0.520 0.510
Return On Assets % -3.030 -2.040 -0.660
Return On Equity % -4.220 -2.730 -0.850
Debt Ratio % 35.410 33.530 33.650
Equity Ratio % 64.590 66.470 66.350
Interest Coverage Ratio (Times) -1.650 -0.700 -0.170
Total Assets Turnover (Times) 0.050 0.070 0.060
Fixed Assets Turnover (Times) 0.210 0.320 0.260
Working Capital Turnover (Times) 0.550 0.940 0.500
Current Ratio (Times) 1.670 1.630 2.270
Working Capital (JD) 7,784,804.000 7,143,237.000 11,187,756.000