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SHIRA REAL ESTATE DEVELOPMENT & INVESTMENTS Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.72 0.94 1.24
Value Traded (JD) 511,579 179,575 308,137
No. of Shares Traded 615,988 178,575 404,647
No. of Transactions 147 73 115
No. of Subscribed Shares 10,569,458 7,916,264 7,916,264
Market Capitalization (JD) 7,610,010 7,441,288 9,816,167
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 367 328,087 314,033
Financial Assets at Fair Value Through Profit 104,690 151,620 165,360
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 0 0 191,358
Other Current Assets 17,205 46,977 44,678
Total Current Assets 123,108 528,737 715,429
Non-Current Assets
Investments in Real Estates 9,417,699 9,671,668 9,155,971
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 9,654 37,863 62,897
Projects in Progress 44,000 44,000 44,000
Investments in Companies (Sister and Affiliate) 6,942,788 7,147,516 7,153,827
Other Non-Current Assets 12,983 0 514,697
Total Non-Current Assets 16,427,124 16,901,047 16,931,392
Total Assets 16,550,232 17,429,784 17,646,821

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 0 597,661 540,577
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 110,537 18,669 503,273
Total Current Liabilities 760,772 1,204,568 1,081,850
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 6,112,769 8,755,354 8,755,354
Total Non-Current Liabilities 6,112,769 8,755,354 8,755,354
Total Liabilities 6,873,541 9,959,922 9,837,204

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 10,569,458 8,252,960 8,252,960
Subscribed Capital 10,569,458 7,916,264 7,916,264
Paid in Capital 10,569,458 7,916,264 7,916,264
Compulsory Reserves 290,311 290,311 290,311
Voluntary Reserve 6,111 6,111 6,111
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 -62,736 -406,363 -415,968
Retained Earnings -1,126,453 -336,461 12,899
Total Owners' Equity (Pertaining to Company's Shareholders) 9,676,691 7,469,862 7,809,617
Non-controlling Interest 0 0 0
Total Owners' Equity 9,676,691 7,469,862 7,809,617
Total Liabilities & Owners' Equity 16,550,232 17,429,784 17,646,821

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 310,000 0 1,368,000
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 310,000 0 1,368,000
Profits From Sales of Securities 0 0 22,003
Securities Revaluation -46,930 -35,488 0
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -484,186 -52,969 273,687
Other Revenues 8,521 20,790 8,129
Total Revenues -212,595 -67,667 1,671,819
Expenses
Lands and Apartments Sales Expense 254,168 0 1,350,197
Rents and Services Expense 0 0 0
General and Administrative Expenses 138,870 181,609 248,330
Depreciation 11,615 11,481 13,457
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 4,797 0 0
Total Operating Expenses 397,835 181,609 1,598,527
Other Expenses 91,192 0 14,354
Profit Before Interest, Income Tax and Fees Expenses -701,622 -249,276 58,938
Interest Expense 88,370 100,084 114,537
Profit Before Tax and Fees Expenses -789,992 -349,360 -55,599
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 -789,992 -349,360 -55,599
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -789,992 -349,360 -55,599

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 328,087 314,033 300,414
Net Cash Flow from (Used in) Operating Activities -315,175 -133,388 1,373,564
Net Cash Flow from (Used in) Investing Activities 525,801 3,369 -784,372
Net Cash Flow from (Used in) Financing Activities -538,346 144,073 -575,573
Cash Balance (Ending) 367 328,087 314,033

Financial Ratios

2019 2018 2017
Turnover Ratio % 5.830 2.260 5.110
Earnings Per Share (JD) -0.070 -0.040 -0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.920 0.940 0.990
Price Earnings Ratio (Times) -9.630 -21.300 -176.550
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) 0.790 1.000 1.260
Return On Assets % -4.770 -2.000 -0.320
Return On Equity % -8.160 -4.680 -0.710
Debt Ratio % 41.530 57.140 55.740
Equity Ratio % 58.470 42.860 44.260
Interest Coverage Ratio (Times) -7.940 -2.490 0.510
Total Assets Turnover (Times) 0.020 0.000 0.080
Fixed Assets Turnover (Times) 32.110 0.000 21.750
Working Capital Turnover (Times) -0.490 0.000 -3.730
Current Ratio (Times) 0.160 0.440 0.660
Working Capital (JD) -637,664.000 -675,831.000 -366,421.000