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AL-TAHDITH FOR REAL ESTATE INVESTMENTS COMPANY Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.56 0.51 1.06
Value Traded (JD) 2,755,702 6,573,696 15,075,693
No. of Shares Traded 5,108,894 8,753,058 8,834,233
No. of Transactions 3,934 7,667 9,497
No. of Subscribed Shares 2,300,000 2,300,000 2,300,000
Market Capitalization (JD) 1,288,000 1,173,000 2,438,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 128 348 564
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 0 0 0
Receivables from Related Parties 26,025 26,025 26,025
Cheques to Be Collected 0 0 0
Other Current Assets 3,871 3,871 2,417
Total Current Assets 236,338 101,154 181,931
Non-Current Assets
Investments in Real Estates 375,536 491,835 491,835
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 1,858,755 1,940,543 1,969,769
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 21,000 58,400 112,800
Total Non-Current Assets 2,255,291 2,490,778 2,574,404
Total Assets 2,491,629 2,591,932 2,756,335

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 72,378 99,939 135,186
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 45,794 35,000 63,048
Accounts Payable to Related Parties 0 0 0
Post Dated Cheques 35 5,275 25,940
Other Current Liabilities 67,010 60,412 47,215
Total Current Liabilities 188,146 213,622 289,187
Non-Current Liabilities
Long Term Loan 0 35,000 34,830
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 0
Total Non-Current Liabilities 0 35,000 34,830
Total Liabilities 188,146 248,622 324,017

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 2,300,000 2,300,000 2,300,000
Subscribed Capital 2,300,000 2,300,000 2,300,000
Paid in Capital 2,300,000 2,300,000 2,300,000
Compulsory Reserves 127,614 127,614 127,614
Voluntary Reserve 6,302 6,302 6,302
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 -130,433 -90,606 -1,598
Total Owners' Equity (Pertaining to Company's Shareholders) 2,303,483 2,343,310 2,432,318
Non-controlling Interest 0 0 0
Total Owners' Equity 2,303,483 2,343,310 2,432,318
Total Liabilities & Owners' Equity 2,491,629 2,591,932 2,756,335

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 151,272 150,892 597,462
Real Estate Revaluation 0 0 0
Total Operating Revenues 151,272 150,892 597,462
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 0 0 0
Other Revenues 1,726 908 41,992
Total Revenues 152,998 151,800 639,454
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 535,889
General and Administrative Expenses 92,125 33,328 15,952
Depreciation 81,788 66,085 82,820
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 81,788 96,686 82,820
Total Operating Expenses 173,913 130,014 634,661
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses -20,915 21,786 4,793
Interest Expense 18,912 24,727 28,377
Profit Before Tax and Fees Expenses -39,827 -2,941 -23,584
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 5,532 0
Net Profit -39,827 -8,473 -23,584
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -39,827 -8,473 -23,584

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 348 564 10,955
Net Cash Flow from (Used in) Operating Activities -125,552 45,167 -51,859
Net Cash Flow from (Used in) Investing Activities 0 -36,859 -11,991
Net Cash Flow from (Used in) Financing Activities 125,332 -8,524 53,459
Cash Balance (Ending) 128 348 564

Financial Ratios

2019 2018 2017
Turnover Ratio % 222.130 380.570 384.100
Earnings Per Share (JD) -0.020 0.000 -0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.000 1.020 1.060
Price Earnings Ratio (Times) -32.340 -138.440 -103.380
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) 0.560 0.500 1.000
Return On Assets % -1.600 -0.330 -0.860
Return On Equity % -1.730 -0.360 -0.970
Debt Ratio % 7.550 9.590 11.760
Equity Ratio % 92.450 90.410 88.240
Interest Coverage Ratio (Times) -1.110 0.880 0.170
Total Assets Turnover (Times) 0.060 0.060 0.220
Fixed Assets Turnover (Times) 0.080 0.080 0.300
Working Capital Turnover (Times) 3.140 -1.340 -5.570
Current Ratio (Times) 1.260 0.470 0.630
Working Capital (JD) 48,192.000 -112,468.000 -107,256.000