ARAB INVESTORS(ARAB) disclosed its financial statements for the second quarter of the year 2020.
Disclosure Year | 2020 | 2019 | ||
Disclosure Period | End of 3006 | End of 3006 | ||
Disclosure Start Date | 01/01/2020 | 01/01/2019 | ||
Disclosure End Date | 29/06/2020 | 29/06/2019 | ||
Disclosure Type | Financial Disclosure | Financial Disclosure | ||
Company's Name | ARAB INVESTORS | ARAB INVESTORS | ||
Company Symbol | ARAB | ARAB | ||
Sector | Investment Sector | Investment Sector | ||
Currency | JD | JD | ||
End date of legal disclosure period | 15/08/2020 | 21/08/2019 | ||
Actual Disclosure Date | 06/08/2020 10:07:00 AM | 04/08/2019 09:41:00 AM | ||
Hard Copy Disclosure | ||||
Notes Display Source | Note ID Only | Note ID Only | ||
Auditing Status | Reviewed | Audited | ||
Net income in Cash Flow Statement | Income Before Tax | Income Before Tax |
- | 2020 | 2019 | ||
- | JD | JD | ||
- | As a 29/06/2020 | As a 31/12/2019 | ||
Note | Reviewed | Audited | ||
Cash and cash equivalents | 5 | 39,387 | 46,269 | |
Accounts Receivable | 6 | 238,845 | 209,847 | |
Total Current Assets | 278,232 | 256,116 | ||
Investment in associates | 879,864 | 879,864 | ||
Available-for-Sale Investments | 9 | 884,361 | 1,053,919 | |
Property Investments | 7,694,137 | 7,694,137 | ||
Loan receivable from sister company-convertible to shares | 10 | 750,639 | 750,639 | |
Property, plant and equipment | 11 | 273 | 281 | |
Total Fixed Assets | 10,209,274 | 10,378,840 | ||
Total assets | 10,487,506 | 10,634,956 | ||
Accounts Payable | 12 | 95,659 | 114,983 | |
Total Current Liabilities | 95,659 | 114,983 | ||
Provision for employees' indemnity | 14 | 16,516 | 14,292 | |
Total non-current liabilities | 16,516 | 14,292 | ||
Total Liabilities | 112,175 | 129,275 | ||
Paid-in Capital | 15 | 9,452,328 | 9,452,328 | |
Statutory reserve | 166,728 | 166,728 | ||
voluntary reserve | 104,000 | 104,000 | ||
Accumulated Change in Fair Value of Investments | (1,817,975) | 0 | ||
Revaluation reserve of rentable properties | 0 | (1,648,417) | ||
Retained earnings | 2,470,250 | 2,431,042 | ||
Total Owners' Equity | 10,375,331 | 10,505,681 | ||
Total Liabilities & Owners' Equity | 10,487,506 | 10,634,956 |
- | 2020 | 2019 | ||
- | JD | JD | ||
- | End of 30062020 | End of 30062019 | ||
Note | Reviewed | Audited | ||
Properties rent income | 95,916 | 96,715 | ||
Properties operating expenses | 16 | (16,992) | (16,307) | |
Parking Income-Fees | 4,766 | 6,618 | ||
PROPERTY TAX COLLECTION | 0 | 7,737 | ||
General and administrative expenses | 17 | (43,406) | (42,699) | |
Gains/Losses of foreign currency translation differences | (103) | 1,070 | ||
Interest Income | 0 | 1,156 | ||
Loss from Investment in associates companies | 0 | (20,253) | ||
Accrued income tax expense | 0 | (2,476) | ||
Net Income before tax | 40,181 | 31,561 | ||
Income tax expense | (973) | 0 | ||
Net Income after tax | 39,208 | 31,561 | ||
Basic and diluted earnings (loss) per share | 18 | 0.004 | 0.003 | |
Change in fair value of available-for-sale-financial assets through other comprehensive income | (169,558) | (155,786) | ||
Net Comprehensive Income | (130,350) | (124,225) | ||
Earnings (loss) per share | 0.004 | 31,561 |
- | Paid-in Capital | Statutory Reserve | Voluntary Reserve | Accumulated Change in Fair Value | Retained Earnings | Total Owners' Equity | |
Note | JD | JD | JD | JD | JD | JD | |
2020 | - | - | - | - | - | - | - |
Balance - Beginning of the period
|
9,452,328 | 166,728 | 104,000 | (1,648,417) | 2,431,042 | 10,505,681 | |
Adjustments
|
- | - | - | (169,558) | 0 | (169,558) | |
Net profit or (loss) for the period after tax
|
- | - | - | - | 39,208 | 39,208 | |
Total Comprehensive Income for the Period
|
0 | 0 | 0 | (169,558) | 39,208 | (130,350) | |
Balance - End of the period
|
9,452,328 | 166,728 | 104,000 | (1,817,975) | 2,470,250 | 10,375,331 | |
2019 | - | - | - | - | - | - | - |
Balance - Beginning of the period | 9,452,328 | 160,462 | 104,000 | (1,673,560) | 2,374,651 | 10,417,881 | |
Net profit or (loss) for the period after tax | - | - | - | - | 31,561 | 31,561 | |
Other Comprehensive Income | - | - | - | - | - | (155,786) | |
Total Comprehensive Income for the Period | 0 | 0 | 0 | 0 | 31,561 | (124,225) | |
Balance - End of the period | 9,452,328 | 160,462 | 104,000 | (1,673,560) | 2,406,212 | 10,293,656 |
- | 2020 | 2019 | ||
- | JD | JD | ||
- | End of 30062020 | End of 30062019 | ||
Note | Reviewed | Audited | ||
Net Income before/after tax | 40,181 | 31,561 | ||
Depreciation and Amortization expense | 8 | 65 | ||
Gains/ (Losses) from sale of shares | 0 | (20,253) | ||
Change in Accounts Receivable | (29,971) | 60,418 | ||
Change in Accounts Payable | (19,324) | (45,768) | ||
Change in Loan receivable from sister company-convertible to capital share | 0 | (25,682) | ||
Change in end of service allowance payments | 2,224 | 2,053 | ||
Net Cash Flow from Operating Activities | (6,882) | 2,394 | ||
Net change in cash and cash equivalents | (6,882) | 2,394 | ||
Cash and cash equivalents, beginning of Period | 46,269 | 4,059 | ||
Cash and cash equivalents, end of period | 39,387 | 6,453 |
Palestine Exchange: Received Disclosed Interim Financial Statements of ARAB INVESTORS(ARAB) for the First Half of 2020
The Palestine Exchange (PEX) received the Reviewed interim financial statements for first half of 2020 from ARAB INVESTORS(ARAB).
According to financial statements for first half of 2020, Net profit after tax of the period reached 39,208 JD Compared with Net profit after tax 31,561 JD for 2019, a net increase in profit of 24.23%.Total assets of the company reached 10,487,506 JD compared with total assets of 10,634,956 JD at the end of year 2019, a net decrease of 1.39%.Total liabilities of the company reached 112,175 JD compared with total liabilities of 129,275 JD at the end of year 2019, a net decrease of 13.22%. Net ownership equity of the company reached 10,375,331 JD compared with total owner equity of 10,505,681 JD at the end of year 2019, a net decrease of 1.24%.
Comments