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AL-TAJAMOUAT FOR TOURISTIC PROJECTS CO PLC Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.32 0.36 0.32
Value Traded (JD) 3,930,745 4,226,965 18,474,873
No. of Shares Traded 12,999,450 12,434,138 44,731,753
No. of Transactions 2,467 4,277 3,087
No. of Subscribed Shares 93,000,000 100,000,000 100,000,000
Market Capitalization (JD) 29,760,000 36,000,000 32,000,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 4,828,669 444,651 783,597
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 135,966 5,519,545 5,519,545
Cheques to Be Collected 3,081,313 3,496,254 2,985,180
Other Current Assets 712,633 1,199,257 1,312,190
Total Current Assets 10,440,010 12,485,201 13,552,183
Non-Current Assets
Investments in Real Estates 122,136,011 125,287,458 128,326,091
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Fixed Assets, Net 17,800 21,615 30,569
Projects in Progress 0 0 0
Investments in Companies (Sister and Affiliate) 0 0 0
Other Non-Current Assets 580,125 455,963 570,631
Total Non-Current Assets 122,733,936 125,765,036 128,927,291
Total Assets 133,173,946 138,250,237 142,479,474

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 1,746,300 2,328,500 6,848,531
Other Current Liabilities 5,102,682 8,526,803 8,227,984
Total Current Liabilities 7,496,505 12,619,308 16,149,520
Non-Current Liabilities
Long Term Loan 21,582,746 20,956,505 23,285,005
Corporate Bonds 0 0 0
Other Non-Current Liabilities 786,258 989,986 898,320
Total Non-Current Liabilities 22,369,004 21,946,491 24,183,325
Total Liabilities 29,865,509 34,565,799 40,332,845

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 93,000,000 100,000,000 100,000,000
Subscribed Capital 93,000,000 100,000,000 100,000,000
Paid in Capital 93,000,000 100,000,000 100,000,000
Compulsory Reserves 1,956,981 1,956,981 1,781,492
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 7,000,000 7,000,000
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 8,351,456 8,727,457 7,365,137
Total Owners' Equity (Pertaining to Company's Shareholders) 103,308,437 103,684,438 102,146,629
Non-controlling Interest 0 0 0
Total Owners' Equity 103,308,437 103,684,438 102,146,629
Total Liabilities & Owners' Equity 133,173,946 138,250,237 142,479,474

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 0 0 0
Rents and Services Revenue 10,171,978 13,294,206 15,090,018
Real Estate Revaluation 0 0 0
Total Operating Revenues 10,171,978 13,294,206 15,090,018
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 425,520 16,443 95,307
Total Revenues 10,597,498 13,310,649 15,185,325
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 6,304,429 7,513,609 4,764,864
General and Administrative Expenses 957,507 960,874 890,975
Depreciation 3,222,639 3,235,818 3,313,735
Contingent Liabilities Provision 1,897,667 948,739 0
Other Operating Expenses 8,528 10,629 3,827,274
Total Operating Expenses 9,168,131 9,433,851 9,483,113
Other Expenses 0 0 0
Profit Before Interest, Income Tax and Fees Expenses 1,429,367 3,876,798 5,702,212
Interest Expense 1,668,035 2,121,906 2,433,340
Profit Before Tax and Fees Expenses -238,668 1,754,892 3,268,872
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 137,333 217,083 732,307
Net Profit -376,001 1,537,809 2,536,565
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -376,001 1,537,809 2,536,565

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 444,651 783,597 652,873
Net Cash Flow from (Used in) Operating Activities 396,394 9,136,944 7,609,184
Net Cash Flow from (Used in) Investing Activities 5,527,378 -237,682 -1,184,675
Net Cash Flow from (Used in) Financing Activities -1,539,754 -9,238,208 -6,293,785
Cash Balance (Ending) 4,828,669 444,651 783,597

Financial Ratios

2020 2019 2018
Turnover Ratio % 13.980 12.430 44.730
Earnings Per Share (JD) 0.000 0.020 0.030
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.110 1.040 1.020
Price Earnings Ratio (Times) -79.150 23.410 12.620
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) 0.290 0.350 0.310
Return On Assets % -0.280 1.110 1.780
Return On Equity % -0.360 1.480 2.480
Debt Ratio % 22.430 25.000 28.310
Equity Ratio % 77.570 75.000 71.690
Interest Coverage Ratio (Times) 0.860 1.830 2.340
Total Assets Turnover (Times) 0.080 0.100 0.110
Fixed Assets Turnover (Times) 571.460 615.050 493.640
Working Capital Turnover (Times) 3.460 -99.130 -5.810
Current Ratio (Times) 1.390 0.990 0.840
Working Capital (JD) 2,943,505.000 -134,107.000 -2,597,337.000