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UNION INVESTMENT CORPORATION Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.19 1.10 1.17
Value Traded (JD) 61,865,283 43,180,490 89,120,628
No. of Shares Traded 50,749,250 36,558,853 64,695,368
No. of Transactions 14,492 15,096 30,600
No. of Subscribed Shares 50,000,000 50,000,000 50,000,000
Market Capitalization (JD) 59,500,000 55,000,000 58,500,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 1,070,801 12,253,036 225,651
Checks, bills of collection 0 0 0
Other debit balances 3,685,306 3,283,612 3,451,003
Financial Assets at Fair Value Through Profit 61,820 57,328 38,932
Other Current Assets 8,746,810 10,759,079 13,422,781
Total Current Assets 19,576,311 44,069,311 40,482,171
Financial Assets at Fair Value Through Other Comprehensive Income 152,866 1,933,522 1,968,677
Real estate investments 57,943,939 59,665,971 56,951,133
Investments in Sister, Subsidiary, Allied companies 0 0 0
Fixed Assets, Net 17,341,537 18,998,658 20,579,096
Other Assets 30,215,640 14,530,054 13,316,061
Total non-current assets 105,653,982 95,128,205 92,814,967
Total Assets 125,230,293 139,197,516 133,297,138

Liabilities (JD)

2019 2018 2017
Payables to related parties 0 0 0
Credit Banks 344,350 1,262,138 1,344,446
Short Term Loans 12,024,296 9,077,376 8,998,926
Other Current Liabilities 10,470,186 7,206,398 8,462,405
Total Current Liabilities 50,823,921 43,115,133 48,138,042
Long Term Loans & Notes Payable 23,769,673 25,915,724 16,940,941
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 74,593,594 69,030,857 65,078,983

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 50,000,000 50,000,000 50,000,000
Subscribed and Paid-in Capital 50,000,000 50,000,000 50,000,000
Compulsory Reserves 0 12,500,000 12,500,000
Voluntary Reserve 0 736,749 736,749
Other Reserves 0 1,503,418 1,496,510
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 11,246,493 1,612,235 1,662,877
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -2,245,537 -477,596 -448,187
Retained Earnings -26,579,135 -31,474,691 -29,461,030
Total Shareholders Equity 9,928,835 31,175,645 33,161,165
Non-controlling Interest 40,707,864 38,991,014 35,056,990
Total equity 50,636,699 70,166,659 68,218,155
Total Liabilities & Shareholders Equity 125,230,293 139,197,516 133,297,138

Income Statement (JD)

2019 2018 2017
Net brokerage commissions 0 0 0
Administrative and advisory fees 0 0 0
Interest revenues 0 0 0
Gain From Financial Assets at Fair Value Through Profit 0 0 -33,003
Gain From Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Earnings from differences on assessment of financial assets 0 0 0
The company's share of Sister,subsidiary, allied companies 0 0 0
Other Revenues 11,679,777 15,522,390 4,438,068
Total revenues 11,679,777 15,522,390 4,405,065
Realized losses of financial assets 4,313,546 3,430,838 0
Unrealized losses from Low assessment of financial assets 0 0 0
General and administrative expenses 2,330,294 2,628,127 3,349,683
Interest expenses 3,707,716 3,815,248 3,476,002
Allowance For Doubtful Accounts 0 50,000 0
Depreciation (Period) 423,013 423,013 423,013
Other Expenses 9,460,533 6,835,804 1,096,299
Miscellaneous provisions 0 101,244 0
Total Expenses 20,235,102 17,284,274 8,344,997
Income Before Tax -8,555,325 -1,761,884 -3,939,932
Income Tax 116,924 41,423 39,268
Previous income tax 228,074 112,624 279,269
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -8,900,323 -1,915,931 -4,258,469
Non-controlling Interest -833,460 -667,063 -26,985
Net Income Pertains to Shareholders -8,066,863 -1,248,868 -4,231,484

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 10,990,898 -1,118,795 -2,527,745
Net Cash Flow from (Used in) Operating Activities 16,202,378 2,929,335 3,845,596
Net Cash Flow from (Used in) Investing Activities -13,922,170 -1,285,317 3,484,472
Net Cash Flow from (Used in) Financing Activities -12,544,655 10,465,675 -5,921,118
Cash Balance (Ending) 726,451 10,990,898 -1,118,795

Financial Ratios

2019 2018 2017
Turnover Ratio % 101.50 73.12 129.39
Earning Per Share (JD) -0.16 -0.02 -0.08
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.20 0.62 0.66
Price Earnings Ratio (Times) -7.38 -44.04 -13.82
Dividend Yield % 0.00 0.00 0.00
Dividend Per Share to Earning Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 5.99 1.76 1.76
Margin Before Interest and Tax % -41.50 13.23 -10.53
Profit Margin % -76.20 -12.34 -96.67
Return On Assets % -7.11 -1.38 -3.19
Return On Equity % -81.25 -4.01 -12.76
Debt Ratio % 59.57 49.59 48.82
Equity Ratio % 40.43 50.41 51.18
Interest Coverage Ratio (Times) -1.31 0.54 -0.13
Total Assets Turnover (Times) 0.09 0.11 0.03
Financial Assets Turnover (Times) 54.40 7.80 2.19
Working Capital Turnover (Times) -0.37 16.27 -0.58
Current Ratio (Times) 0.39 1.02 0.84
Working Capital (JD) -31,247,610.00 954,178.00 -7,655,871.00