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ASSAS FOR CONCRETE PRODUCTS CO. LTD Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.13 0.15 0.16
Value Traded (JD) 817,485 658,802 3,003,832
No. of Shares Traded 5,249,169 3,952,976 11,753,478
No. of Transactions 1,856 1,670 3,645
No. of Subscribed Shares 7,120,000 12,000,000 12,000,000
Market Capitalization (JD) 925,600 1,800,000 1,920,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Cash on Hand & at Banks 22,531 24,624 6,329
Notes Receivable 0 0 0
Short Term Investments 0 0 0
Inventory 480,938 756,260 1,457,286
Spare Parts 255,990 251,430 0
Total Current Assets 1,698,646 2,741,670 4,454,037
Long Term Investments 1,632,464 1,696,824 1,729,386
Fixed Assets, Net 5,219,016 5,817,946 6,107,950
Lands 2,637,796 2,637,796 2,637,796
Projects in Progress 142,219 123,415 237,508
Total Fixed Assets 7,999,031 8,579,157 8,983,254
Other Assets 0 0 0
Total Assets 11,330,141 13,017,651 15,166,677

Liabilities (JD)

2020 2019 2018
Credit Banks 117,878 917,941 1,082,130
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 270,278 402,868 155,424
Total Current Liabilities 4,729,792 5,874,233 6,674,905
Long Term Loans & Notes Payable 90,766 187,500 49,397
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 4,820,558 6,061,733 6,724,302

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 7,120,000 12,000,000 12,000,000
Subscribed Capital 7,120,000 12,000,000 12,000,000
Paid in Capital 7,120,000 12,000,000 12,000,000
Compulsory Reserves 136,859 116,815 116,815
Voluntary Reserve 75,201 75,201 75,201
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 -344,182 -353,130 -285,712
Retained Earnings -478,295 -4,882,968 -3,463,929
Total Shareholders Equity 6,509,583 6,955,918 8,442,375
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 11,330,141 13,017,651 15,166,677

Income Statement (JD)

2020 2019 2018
Operating Revenues 4,980,068 6,168,648 6,131,613
Operating Expenses 4,766,944 6,535,544 6,015,279
Gross Profit 213,124 -366,896 116,334
General and Administrative Expenses 389,493 922,578 645,076
Selling and Distribution Expenses 112,962 108,772 125,708
Depreciation (Period) 619,098 872,625 924,000
Other Operating Expenses 0 0 1,025,752
Net Operating Income -289,331 -1,398,246 -1,680,202
Other Revenues 51,560 175,765 1,192,130
Other Expenses 73,308 144 0
Income Before Interest & Tax -311,079 -1,222,625 -488,072
Interest Expenses 102,113 196,414 100,913
Net Income Before Tax -413,192 -1,419,039 -588,985
Income Tax (Period) 42,091 0 4,558
Income Tax (Previous Years) 0 0 7,380
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -455,283 -1,419,039 -600,923
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -455,283 -1,419,039 -600,923

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 24,624 6,329 20,982
Net Cash Flow from (Used in) Operating Activities 1,063,442 302,654 1,091,018
Net Cash Flow from (Used in) Investing Activities -36,148 -505,717 -644,677
Net Cash Flow from (Used in) Financing Activities -1,029,387 221,358 -460,994
Cash Balance (Ending) 22,531 24,624 6,329

Financial Ratios

2020 2019 2018
Turnover Ratio % 73.724 32.942 97.946
Earning Per Share (JD) -0.064 -0.118 -0.050
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.914 0.580 0.704
Price Earnings Ratio (Times) -2.033 -1.269 -3.195
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.142 0.259 0.227
Gross Margin % 4.280 -5.948 1.897
Margin Before Interest and Tax % -6.247 -19.820 -7.960
Profit Margin % -9.142 -23.004 -9.800
Return On Assets % -4.018 -10.901 -3.962
Return On Equity % -6.994 -20.401 -7.118
Debt Ratio % 42.546 46.566 44.336
Equity Ratio % 57.454 53.435 55.664
Interest Coverage Ratio (Times) -3.046 -6.225 -4.837
Total Assets Turnover (Times) 0.440 0.474 0.404
Fixed Assets Turnover (Times) 0.623 0.719 0.683
Working Capital Turnover (Times) -1.643 -1.969 -2.761
Current Ratio (Times) 0.359 0.467 0.667
Working Capital (JD) -3,031,146.000 -3,132,563.000 -2,220,868.000