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INTERMEDIATE PETROCHEMICALS INDUSTRIES CO. LTD. Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.46 0.81 0.75
Value Traded (JD) 23,343,489 20,718,296 19,749,088
No. of Shares Traded 37,464,697 29,347,985 32,986,349
No. of Transactions 16,788 11,015 14,066
No. of Subscribed Shares 7,000,000 7,000,000 7,000,000
Market Capitalization (JD) 3,220,000 5,670,000 5,250,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 31,084 273,411 153,008
Notes Receivable 0 89,381 0
Short Term Investments 0 0 0
Inventory 1,024,354 1,725,720 3,478,768
Spare Parts 0 0 0
Total Current Assets 2,196,972 3,253,200 4,649,031
Long Term Investments 21,302 21,810 21,810
Fixed Assets, Net 4,253,630 4,389,753 4,810,082
Lands 1,239,611 1,239,611 1,239,611
Projects in Progress 0 226,210 185,538
Total Fixed Assets 5,493,241 5,855,574 6,235,231
Other Assets 0 0 0
Total Assets 7,711,515 9,130,584 10,906,072

Liabilities (JD)

2019 2018 2017
Credit Banks 4,398,895 4,374,274 4,946,984
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 4,774,600 5,047,074 5,562,218
Long Term Loans & Notes Payable 0 0 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 4,774,600 5,047,074 5,562,218

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 7,000,000 7,000,000 7,000,000
Subscribed Capital 7,000,000 7,000,000 7,000,000
Paid in Capital 7,000,000 7,000,000 7,000,000
Compulsory Reserves 0 69,486 69,486
Voluntary Reserve 0 1,009,940 1,009,940
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 -7,698 -7,190 -7,190
Retained Earnings -4,055,387 -3,988,726 -2,728,382
Total Shareholders Equity 2,936,915 4,083,510 5,343,854
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 7,711,515 9,130,584 10,906,072

Income Statement (JD)

2019 2018 2017
Operating Revenues 3,207,066 4,373,551 2,929,514
Operating Expenses 3,555,998 4,670,826 2,841,723
Gross Profit -348,932 -297,275 87,791
General and Administrative Expenses 403,265 472,419 427,490
Selling and Distribution Expenses 83,551 109,712 80,041
Depreciation (Period) 394,988 408,327 443,743
Other Operating Expenses 413,893 111,843 1,106,814
Net Operating Income -1,249,641 -991,249 -1,526,554
Other Revenues 371,518 10,610 288
Other Expenses 0 0 0
Income Before Interest & Tax -878,123 -980,639 -1,526,266
Interest Expenses 267,964 279,705 230,804
Net Income Before Tax -1,146,087 -1,260,344 -1,757,070
Income Tax (Period) 0 0 0
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -1,146,087 -1,260,344 -1,757,070
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -1,146,087 -1,260,344 -1,757,070

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 273,411 153,008 19,593
Net Cash Flow from (Used in) Operating Activities 32,521 1,001,488 -1,139,241
Net Cash Flow from (Used in) Investing Activities -31,505 -28,670 136,528
Net Cash Flow from (Used in) Financing Activities -243,343 -852,415 1,136,128
Cash Balance (Ending) 31,084 273,411 153,008

Financial Ratios

2019 2018 2017
Turnover Ratio % 535.210 419.257 471.234
Earning Per Share (JD) -0.164 -0.180 -0.251
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.420 0.583 0.763
Price Earnings Ratio (Times) -2.810 -4.499 -2.988
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 1.096 1.389 0.982
Gross Margin % -10.880 -6.797 2.997
Margin Before Interest and Tax % -27.381 -22.422 -52.100
Profit Margin % -35.736 -28.817 -59.978
Return On Assets % -14.862 -13.804 -16.111
Return On Equity % -39.024 -30.864 -32.880
Debt Ratio % 61.915 55.277 51.001
Equity Ratio % 38.085 44.723 48.999
Interest Coverage Ratio (Times) -3.277 -3.506 -6.613
Total Assets Turnover (Times) 0.416 0.479 0.269
Fixed Assets Turnover (Times) 0.584 0.747 0.470
Working Capital Turnover (Times) -1.244 -2.438 -3.208
Current Ratio (Times) 0.460 0.645 0.836
Working Capital (JD) -2,577,628.000 -1,793,874.000 -913,187.000