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UNION INVESTMENT CORPORATION Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.10 1.17 1.15
Value Traded (JD) 43,180,490 89,120,628 46,164,781
No. of Shares Traded 36,558,853 64,695,368 37,033,594
No. of Transactions 15,096 30,600 13,669
No. of Subscribed Shares 50,000,000 50,000,000 50,000,000
Market Capitalization (JD) 55,000,000 58,500,000 57,500,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash on Hand & at Banks 12,253,036 225,651 499,227
Checks, bills of collection 0 0 0
Other debit balances 3,283,612 3,451,003 3,101,339
Financial Assets at Fair Value Through Profit 57,328 38,932 34,226
Other Current Assets 10,759,079 13,422,781 16,621,902
Total Current Assets 44,069,311 40,482,171 46,976,770
Financial Assets at Fair Value Through Other Comprehensive Income 1,933,522 1,968,677 3,276,396
Real estate investments 59,665,971 56,951,133 63,450,842
Investments in Sister, Subsidiary, Allied companies 0 0 0
Fixed Assets, Net 18,998,658 20,579,096 24,139,628
Other Assets 14,530,054 13,316,061 10,926,974
Total non-current assets 95,128,205 92,814,967 101,793,840
Total Assets 139,197,516 133,297,138 148,770,610

Liabilities (JD)

2018 2017 2016
Payables to related parties 0 0 0
Credit Banks 1,262,138 1,344,446 3,026,972
Short Term Loans 9,077,376 8,998,926 0
Other Current Liabilities 7,206,398 8,462,405 24,913,882
Total Current Liabilities 43,115,133 48,138,042 53,603,171
Long Term Loans & Notes Payable 25,915,724 16,940,941 21,840,408
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 69,030,857 65,078,983 75,443,579

Shareholders Equity (JD)

2018 2017 2016
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 12,500,000 12,500,000 12,500,000
Voluntary Reserve 736,749 736,749 736,749
Other Reserves 1,503,418 1,496,510 3,557
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 1,612,235 1,662,877 3,137,267
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -477,596 -448,187 -485,003
Retained Earnings -31,474,691 -29,461,030 -24,980,601
Total Shareholders Equity 31,175,645 33,161,165 34,637,435
Non-controlling Interest 38,991,014 35,056,990 38,689,596
Total equity 70,166,659 68,218,155 73,327,031
Total Liabilities & Shareholders Equity 139,197,516 133,297,138 148,770,610

Income Statement (JD)

2018 2017 2016
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 -3,430,838 -33,003 -4,407
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 10,659,306 4,438,068 10,272,769
Total revenues 7,228,468 4,405,065 10,268,362
Realized losses of financial assets 0 0 50,000
Unrealized losses from Low assessment of financial assets 0 0 0
General and administrative expenses 2,855,149 3,349,683 3,823,539
Interest expenses 3,815,248 3,476,002 3,651,093
Allowance For Doubtful Accounts 50,000 0 1,019,121
Depreciation (Period) 423,013 423,013 423,013
Other Expenses 1,745,698 1,096,299 1,220,106
Miscellaneous provisions 101,244 0 1,805,584
Total Expenses 8,990,352 8,344,997 11,992,456
Income Before Tax -1,761,884 -3,939,932 -1,724,094
Income Tax 41,423 39,268 70,402
Previous income tax 112,624 279,269 79,241
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -1,915,931 -4,258,469 -1,873,737
Non-controlling Interest -667,063 -26,985 -66,846
Net Income Pertains to Shareholders -1,248,868 -4,231,484 -1,806,891

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) -1,118,795 -2,527,745 -10,475,445
Net Cash Flow from (Used in) Operating Activities 2,929,335 3,845,596 7,438,646
Net Cash Flow from (Used in) Investing Activities -1,285,317 3,484,472 1,168,984
Net Cash Flow from (Used in) Financing Activities 10,465,675 -5,921,118 -659,930
Cash Balance (Ending) 10,990,898 -1,118,795 -2,527,745

Financial Ratios

2018 2017 2016
Turnover Ratio % 73.12 129.39 74.07
Earning Per Share (JD) -0.02 -0.08 -0.04
Dividend Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.62 0.66 0.69
Price Earnings Ratio (Times) -44.04 -13.82 -31.82
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) 1.76 1.76 1.66
Margin Before Interest and Tax % 28.41 -10.53 18.77
Profit Margin % -26.51 -96.67 -18.25
Return On Assets % -1.38 -3.19 -1.26
Return On Equity % -4.01 -12.76 -5.22
Debt Ratio % 49.59 48.82 50.71
Equity Ratio % 50.41 51.18 49.29
Interest Coverage Ratio (Times) 0.54 -0.13 0.53
Total Assets Turnover (Times) 0.05 0.03 0.07
Financial Assets Turnover (Times) 3.63 2.19 3.10
Working Capital Turnover (Times) 7.58 -0.58 -1.55
Current Ratio (Times) 1.02 0.84 0.88
Working Capital (JD) 954,178.00 -7,655,871.00 -6,626,401.00