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JORDAN EXPRESS TOURIST TRANSPORT Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.73 2.16 2.03
Value Traded (JD) 202,544 398,132 2,137,768
No. of Shares Traded 112,002 204,348 1,179,238
No. of Transactions 110 118 175
No. of Subscribed Shares 10,800,000 10,800,000 10,800,000
Market Capitalization (JD) 18,684,000 23,328,000 21,924,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Cash on Hand & at Banks 1,609,921 1,584,291 1,925,633
Notes Receivable 0 0 0
Post Dated Cheques 8,000 135,037 208,711
Short Term Investments 132,270 135,653 163,284
Inventory 0 0 0
Spare Parts 2,384,492 2,574,124 2,336,236
Total Current Assets 5,573,154 7,653,411 7,653,175
Long Term Investments 1,317,162 1,859,428 2,297,303
Fixed Assets, Net 9,808,503 9,599,253 10,670,602
Lands 3,844,698 3,844,698 2,945,433
Projects in Progress 2,156,602 1,619,583 0
Total Fixed Assets 15,809,803 15,063,534 13,616,035
Other Assets 1,900,116 2,518,308 1,182,407
Total Assets 24,600,235 27,094,681 24,748,920

Liabilities (JD)

2020 2019 2018
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 658,008 400,008 400,008
Total Current Liabilities 4,416,079 4,127,060 3,472,884
Long Term Loans & Notes Payable 2,831,834 599,972 999,980
Corporate Bonds 0 0 0
Other Liabilities 839,354 919,932 0
Total Liabilities 8,087,267 5,646,964 4,472,864

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 10,800,000 10,800,000 10,800,000
Subscribed Capital 10,800,000 10,800,000 10,800,000
Paid in Capital 10,800,000 10,800,000 10,800,000
Compulsory Reserves 2,424,653 2,424,653 2,356,095
Voluntary Reserve 2,263,552 2,263,552 2,263,552
Other Reserves 0 0 0
Purchase of Non-controlling interest differences 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 1,296,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value -1,251,739 -709,473 -271,598
Retained Earnings 2,259,226 6,626,554 3,790,374
Total Shareholders Equity 16,495,692 21,405,286 20,234,423
Non-controlling Interest 17,276 42,431 41,633
Total Liabilities & Shareholders Equity 24,600,235 27,094,681 24,748,920

Income Statement (JD)

2020 2019 2018
Operating Revenues 12,403,989 31,006,409 28,377,182
Operating Expenses 12,992,338 23,788,731 22,531,331
Gross Profit -588,349 7,217,678 5,845,851
General and Administrative Expenses 2,798,438 3,417,328 3,374,251
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 2,780,418 2,817,468 2,463,625
Other Operating Expenses 45,085 73,632 0
Net Operational Income -3,431,872 3,726,718 2,471,600
Other Revenues 134,529 390,159 526,774
Other Expenses 943,096 491,732 335,819
Income Before Interest & Tax -4,240,439 3,625,145 2,662,555
Interest Expenses 130,381 65,409 65,618
Net Income Before Tax -4,370,820 3,559,736 2,596,937
Income Tax (period) 21,663 597,567 602,674
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 35,000 35,000
Net Income -4,392,483 2,927,169 1,959,263
Non-controlling Interest -25,155 22,431 21,633
Net Income Pertains to Shareholders -4,367,328 2,904,738 1,937,630

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 1,719,328 2,134,344 1,913,626
Net Cash Flow from (Used in) Operating Activities 1,030,818 5,315,671 4,972,479
Net Cash Flow from (Used in) Investing Activities -3,208,280 -3,549,728 -2,973,616
Net Cash Flow from (Used in) Financing Activities 2,076,055 -2,180,959 -1,778,145
Cash Balance (Ending) 1,617,921 1,719,328 2,134,344

Financial Ratios

2020 2019 2018
Turnover Ratio % 1.037 1.892 10.919
Earning Per Share (JD) -0.404 0.269 0.179
Dividend Per Share (JD) 0.000 0.000 0.120
Book Value Per Share (JD) 1.527 1.982 1.874
Price Earnings Ratio (Times) -4.278 8.031 11.315
Dividend Yield % 0.000 0.000 5.911
Dividends Per Share to Earning Per Share % 0.000 0.000 66.886
Price to Book Value (Times) 1.1327 1.0898 1.0835
Gross Margin % -4.743 23.278 20.601
Margin Before Interest and Tax % -34.186 11.692 9.383
Profit Margin % -35.412 9.441 6.904
Return On Assets % -17.856 10.804 7.917
Return On Equity % -26.476 13.570 9.576
Debt Ratio % 32.875 20.842 18.073
Equity Ratio % 67.055 79.002 81.759
Interest Coverage Ratio (Times) -32.523 55.423 40.577
Total Assets Turnover (Times) 0.504 1.144 1.147
Fixed Assets Turnover (Times) 0.785 2.058 2.084
Working Capital Turnover (Times) 10.720 8.793 6.788
Current Ratio (Times) 1.262 1.854 2.204
Working Capital (JD) 1,157,075.000 3,526,351.000 4,180,291.000