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SHIRA REAL ESTATE DEVELOPMENT & INVESTMENTS Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.94 1.24 0.75
Value Traded (JD) 179,575 308,137 2,597,076
No. of Shares Traded 178,575 404,647 3,569,460
No. of Transactions 73 115 129
No. of Subscribed Shares 7,916,264 7,916,264 11,244,646
Market Capitalization (JD) 7,441,288 9,816,167 8,433,485
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Current Assets
Cash on Hand & at Banks 328,087 314,033 300,414
Financial Assets at Fair Value Through Profit 151,620 165,360 0
Real Estate Ready for Sale 0 0 0
Cheques to Be Collected 2,052 191,358 802,187
Other Current Assets 46,978 44,678 40,707
Total Current Assets 528,737 715,429 1,143,308
Non-Current Assets
Investments in Real Estates 9,155,971 9,155,971 9,155,971
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 195,000
Fixed Assets, Net 37,863 62,897 56,634
Projects in Progress 44,000 44,000 44,000
Investments in Companies (Sister and Affiliate) 7,147,516 7,153,827 6,342,859
Other Non-Current Assets 515,697 514,697 1,990,484
Total Non-Current Assets 16,901,047 16,931,392 17,784,948
Total Assets 17,429,784 17,646,821 18,928,256

Liabilities (JD)

2018 2017 2016
Current Liabilities
Credit Banks 597,661 540,577 670,474
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Other Current Liabilities 593,907 503,273 1,314,401
Total Current Liabilities 1,204,568 1,081,850 2,332,842
Non-Current Liabilities
Long Term Loan 0 0 0
Corporate Bonds 0 0 0
Other Non-Current Liabilities 8,755,354 8,755,354 8,755,354
Total Non-Current Liabilities 8,755,354 8,755,354 8,755,354
Total Liabilities 9,959,922 9,837,204 11,088,196

Shareholders Equity (JD)

2018 2017 2016
Authorized Capital 8,252,960 8,252,960 11,581,342
Subscribed Capital 7,916,264 7,916,264 11,244,646
Paid in Capital 7,916,264 7,916,264 11,244,646
Compulsory Reserves 290,311 290,311 288,878
Voluntary Reserve 6,111 6,111 6,111
Other Reserves 0 0 0
Issuance Premium 0 0 0
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 -406,363 -415,968 -371,193
Retained Earnings -336,461 12,899 -3,328,382
Total Owners' Equity (Pertaining to Company's Shareholders) 7,469,862 7,809,617 7,840,060
Non-controlling Interest 0 0 0
Total Owners' Equity 7,469,862 7,809,617 7,840,060
Total Liabilities & Owners' Equity 17,429,784 17,646,821 18,928,256

Income Statement (JD)

2018 2017 2016
Revenues
Lands and Apartments Sales Revenue 0 1,368,000 2,991,820
Rents and Services Revenue 0 0 0
Real Estate Revaluation 0 0 0
Total Operating Revenues 0 1,368,000 2,991,820
Profits From Sales of Securities 0 22,003 0
Securities Revaluation 0 0 0
Dividends 0 0 0
Companies Share of Sister and Affiliate Companies Profit -52,969 273,687 2,622,709
Other Revenues 20,790 8,129 7,375
Total Revenues -32,179 1,671,819 5,621,904
Expenses
Lands and Apartments Sales Expense 0 1,350,197 2,418,661
Rents and Services Expense 0 0 0
General and Administrative Expenses 181,609 248,330 261,809
Depreciation 11,481 13,457 11,152
Contingent Liabilities Provision 0 0 0
Other Operating Expenses 0 0 0
Total Operating Expenses 181,609 1,598,527 2,680,470
Other Expenses 35,488 14,354 0
Profit Before Interest, Income Tax and Fees Expenses -249,276 58,938 2,941,434
Interest Expense 100,084 114,537 72,901
Profit Before Tax and Fees Expenses -349,360 -55,599 2,868,533
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 0
Net Profit -349,360 -55,599 2,868,533
Non-controlling Interest 0 0 0
Net Income Pertaining to Shareholders -349,360 -55,599 2,868,533

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 314,033 300,414 588,736
Net Cash Flow from (Used in) Operating Activities -133,388 1,373,564 3,104,179
Net Cash Flow from (Used in) Investing Activities 3,369 -784,372 -4,996,900
Net Cash Flow from (Used in) Financing Activities 144,073 -575,573 1,604,399
Cash Balance (Ending) 328,087 314,033 300,414

Financial Ratios

2018 2017 2016
Turnover Ratio % 2.26 5.11 31.74
Earnings Per Share (JD) -0.04 -0.01 0.26
Dividends Per Share (JD) 0.00 0.00 0.00
Book Value Per Share (JD) 0.94 0.99 0.70
Price Earnings Ratio (Times) -21.30 -176.55 2.94
Dividend Yield % 0.00 0.00 0.00
Dividends Per Share to Earnings Per Share % 0.00 0.00 0.00
Price to Book Value (Times) 1.00 1.26 1.08
Return On Assets % -2.00 -0.32 15.15
Return On Equity % -4.68 -0.71 36.59
Debt Ratio % 57.14 55.74 58.58
Equity Ratio % 42.86 44.26 41.42
Interest Coverage Ratio (Times) -2.49 0.51 40.35
Total Assets Turnover (Times) 0.00 0.08 0.16
Fixed Assets Turnover (Times) 0.00 21.75 52.83
Working Capital Turnover (Times) 0.00 -3.73 -2.52
Current Ratio (Times) 0.44 0.66 0.49
Working Capital (JD) -675,831.00 -366,421.00 -1,189,534.00