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DEERA INVESTMENT & REAL ESTATE DEVELOPMENT CO Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.76 0.76 0.87
Value Traded (JD) 14,623,313 5,501,042 7,169,853
No. of Shares Traded 17,449,869 7,166,466 8,131,974
No. of Transactions 1,986 606 762
No. of Subscribed Shares 40,000,000 40,000,000 40,000,000
Market Capitalization (JD) 30,400,000 30,400,000 34,800,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Current Assets
Cash on Hand & at Banks 38,216 33,824 150,157
Financial Assets at Fair Value Through Profit 0 0 0
Real Estate Ready for Sale 16,390,945 18,093,544 2,689,554
Cheques to Be Collected 115,849 91,675 115,374
Other Current Assets 1,202,941 718,187 20,002,170
Total Current Assets 18,441,265 20,016,139 23,305,815
Non-Current Assets
Investments in Real Estates 9,806,117 9,806,117 9,794,870
Financial Assets at Fair Value Through Other Comprehensive Income 886,164 1,392,283 1,945,025
Fixed Assets, Net 21,052,677 21,394,644 145,900
Projects in Progress 16,797,240 16,405,652 31,417,851
Investments in Companies (Sister and Affiliate) 15,377,609 15,403,242 15,343,315
Other Non-Current Assets 7,256,247 7,437,145 6,026,194
Total Non-Current Assets 71,176,054 71,839,083 64,673,155
Total Assets 89,617,319 91,855,222 87,978,970

Liabilities (JD)

2019 2018 2017
Current Liabilities
Credit Banks 786,199 154,093 79,922
Short Term Loans 3,749,590 3,536,518 1,740,239
Accrued Part of Long Term Loans 0 0 1,740,239
Other Current Liabilities 1,807,596 1,053,590 -753,247
Total Current Liabilities 11,282,392 8,828,383 6,156,321
Non-Current Liabilities
Long Term Loan 12,241,375 14,955,440 14,559,761
Corporate Bonds 0 0 0
Other Non-Current Liabilities 6,521,799 7,127,496 6,702,867
Total Non-Current Liabilities 18,763,174 22,082,936 21,262,628
Total Liabilities 30,045,566 30,911,319 27,418,949

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 40,000,000 40,000,000 40,000,000
Subscribed Capital 40,000,000 40,000,000 40,000,000
Paid in Capital 40,000,000 40,000,000 40,000,000
Compulsory Reserves 2,713,643 2,713,643 2,713,643
Voluntary Reserve 175,157 175,157 175,157
Other Reserves 0 0 0
Issuance Premium 16,400,000 16,400,000 16,400,000
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 -525,495 -3,403,808 -3,521,016
Retained Earnings -608,649 3,984,526 4,786,714
Total Owners' Equity (Pertaining to Company's Shareholders) 58,154,656 59,869,518 60,554,498
Non-controlling Interest 1,417,097 1,074,385 5,523
Total Owners' Equity 59,571,753 60,943,903 60,560,021
Total Liabilities & Owners' Equity 89,617,319 91,855,222 87,978,970

Income Statement (JD)

2019 2018 2017
Revenues
Lands and Apartments Sales Revenue 6,712,133 5,587,190 3,906,166
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 6,712,133 5,587,190 3,906,166
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 -25,633 59,927 159,143
Other Revenues 680,230 52,717 36,835
Total Revenues 7,366,730 5,699,834 4,102,144
Expenses
Lands and Apartments Sales Expense 5,674,456 4,581,364 3,415,968
Rents and Services Expense 0 0 0
General and Administrative Expenses 1,327,297 1,045,208 758,338
Depreciation 598,335 315,898 22,713
Contingent Liabilities Provision 130,000 14,056 0
Other Operating Expenses 186,875 146,765 0
Total Operating Expenses 7,318,628 5,787,393 4,174,306
Other Expenses 801,721 0 0
Profit Before Interest, Income Tax and Fees Expenses -753,619 -87,559 -72,162
Interest Expense 1,070,261 516,953 0
Profit Before Tax and Fees Expenses -1,823,880 -604,512 -72,162
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 0 0 35,744
Net Profit -1,823,880 -604,512 -107,906
Non-controlling Interest -238,560 -96,861 -6,477
Net Income Pertaining to Shareholders -1,585,320 -507,651 -101,429

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 33,824 150,157 1,323,153
Net Cash Flow from (Used in) Operating Activities 3,069,184 4,513,863 1,947,274
Net Cash Flow from (Used in) Investing Activities -380,749 -7,359,174 -27,653,372
Net Cash Flow from (Used in) Financing Activities -2,684,043 2,728,978 24,533,102
Cash Balance (Ending) 38,216 33,824 150,157

Financial Ratios

2019 2018 2017
Turnover Ratio % 43.620 17.920 20.330
Earnings Per Share (JD) -0.040 -0.010 0.000
Dividends Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.450 1.500 1.510
Price Earnings Ratio (Times) -19.180 -59.880 -343.100
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) 0.520 0.510 0.570
Return On Assets % -2.040 -0.660 -0.120
Return On Equity % -2.730 -0.850 -0.170
Debt Ratio % 33.530 33.650 31.170
Equity Ratio % 66.470 66.350 68.830
Interest Coverage Ratio (Times) -0.700 -0.170 0.000
Total Assets Turnover (Times) 0.070 0.060 0.040
Fixed Assets Turnover (Times) 0.320 0.260 26.770
Working Capital Turnover (Times) 0.940 0.500 0.230
Current Ratio (Times) 1.630 2.270 3.790
Working Capital (JD) 7,158,873.000 11,187,756.000 17,149,494.000