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JORDANIAN REALESTATE COMPANY FOR DEVELOPMENT Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.36 0.35 0.39
Value Traded (JD) 649,100 284,912 773,107
No. of Shares Traded 1,729,400 765,569 1,767,272
No. of Transactions 1,003 685 1,641
No. of Subscribed Shares 34,500,000 34,500,000 34,500,000
Market Capitalization (JD) 12,420,000 12,075,000 13,455,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Current Assets
Cash on Hand & at Banks 6,432,830 5,235,319 5,965,611
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 20,623,330 20,996,555 21,490,521
Cheques to Be Collected 54,974 72,259 114,783
Other Current Assets 114,455 324,906 401,016
Total Current Assets 27,760,362 27,355,230 28,756,400
Non-Current Assets
Investments in Real Estates 0 0 4,578,001
Financial Assets at Fair Value Through Other Comprehensive Income 3,786,635 4,008,885 3,986,229
Fixed Assets, Net 4,809,894 4,739,077 44,216
Projects in Progress 49,142 0 0
Investments in Companies (Sister and Affiliate) 32,783 32,783 32,783
Other Non-Current Assets 331,448 52,200 67,800
Total Non-Current Assets 9,009,902 8,832,945 8,709,029
Total Assets 36,770,264 36,188,175 37,465,429

Liabilities (JD)

2020 2019 2018
Current Liabilities
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 1,094,885 1,163,712 1,159,418
Total Current Liabilities 1,429,777 1,361,690 2,865,505
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 0 0 88,713
Total Non-Current Liabilities 0 0 88,713
Total Liabilities 1,429,777 1,361,690 2,954,218

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 34,500,000 34,500,000 34,500,000
Subscribed Capital 34,500,000 34,500,000 34,500,000
Paid in Capital 34,500,000 34,500,000 34,500,000
Compulsory Reserves 2,131,023 2,123,541 2,079,820
Voluntary Reserve 0 0 0
Other Reserves 0 0 0
Issuance Premium 36,479 36,479 36,479
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 -2,340,454 -2,770,291 -2,792,947
Retained Earnings 1,013,439 936,756 687,859
Total Owners' Equity (Pertaining to Company's Shareholders) 35,340,487 34,826,485 34,511,211
Non-controlling Interest 0 0 0
Total Owners' Equity 35,340,487 34,826,485 34,511,211
Total Liabilities & Owners' Equity 36,770,264 36,188,175 37,465,429

Income Statement (JD)

2020 2019 2018
Revenues
Lands and Apartments Sales Revenue 393,942 350,080 486,807
Rents and Services Revenue 254,262 137,787 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 648,204 487,867 486,807
Profits From Sales of Securities 0 0 0
Securities Revaluation 0 0 0
Dividends 162,682 138,987 209,462
Companies Share of Sister and Affiliate Companies Profit 0 0 0
Other Revenues 311,988 322,414 244,051
Total Revenues 1,122,874 949,268 940,320
Expenses
Lands and Apartments Sales Expense 0 0 0
Rents and Services Expense 0 0 0
General and Administrative Expenses 458,910 440,699 290,216
Depreciation 104,285 99,932 5,900
Contingent Liabilities Provision 124,500 11,257 0
Other Operating Expenses 228,372 60,100 91,360
Total Operating Expenses 811,782 512,056 381,576
Other Expenses 5,886 0 0
Profit Before Interest, Income Tax and Fees Expenses 305,206 437,212 558,744
Interest Expense 0 0 0
Profit Before Tax and Fees Expenses 305,206 437,212 558,744
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 11,953 31,382 37,666
Previous Years Income Tax 0 0 0
Income Tax 34,971 70,267 80,573
Net Profit 258,282 335,563 440,505
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders 258,282 335,563 440,505

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 5,235,319 5,965,611 6,323,367
Net Cash Flow from (Used in) Operating Activities 799,705 -1,131,474 4,020,616
Net Cash Flow from (Used in) Investing Activities 397,806 401,182 -4,378,372
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 6,432,830 5,235,319 5,965,611

Financial Ratios

2020 2019 2018
Turnover Ratio % 5.010 2.220 5.120
Earnings Per Share (JD) 0.010 0.010 0.010
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.020 1.010 1.000
Price Earnings Ratio (Times) 48.090 35.980 30.540
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) 0.350 0.350 0.390
Return On Assets % 0.700 0.930 1.180
Return On Equity % 0.730 0.960 1.280
Debt Ratio % 3.890 3.760 7.890
Equity Ratio % 96.110 96.240 92.110
Interest Coverage Ratio (Times) 0.000 0.000 0.000
Total Assets Turnover (Times) 0.020 0.010 0.010
Fixed Assets Turnover (Times) 0.130 0.100 11.010
Working Capital Turnover (Times) 0.020 0.020 0.020
Current Ratio (Times) 19.420 20.090 10.040
Working Capital (JD) 26,330,585.000 25,993,540.000 25,890,895.000