MIRA
INFORM REPORT
|
Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JORDAN PHOSPHATE MINES COMPANY |
|
|
|
|
Registered Office : |
Al-Shmaisani P.O. Box:30, Amman, 11118 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1949 |
|
|
|
|
Legal Form : |
Public Independent Company |
|
|
|
|
Line of Business : |
Subject is engaged in exploiting, mining, producing and
marketing phosphate rock and fertilizers in |
|
|
|
|
No. of Employees : |
3,811 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Jordan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Jordan Phosphate Mines Company
Al-Shmaisani P.O. Box:30
Amman, 11118
Jordan
Tel: 962-6-5607141
Fax: 962-6-5682290
Synthesis
Employees: 3,811
Company Type: Public Independent
Traded:
Amman Financial Market: JOPH
Incorporation Date: 1949
Auditor: Ernst & Young LLP
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Jordanian Dinar
Annual Sales: 1,146.5 1
Net Income: 205.8
Total Assets: 1,285.9 2
Market Value: 1,481.0
(26-Apr-2012)
Business Description
Jordan Phosphate Mines Co. PLC (JPMC) is a Jordan-based public shareholding company engaged in exploiting, mining, producing and marketing phosphate rock and fertilizers in Jordan. The Company operates in four mining locations in the central and southern parts of Jordan, namely Russeifa, Al Hassa, Wadi Al Abiad and Eshidiya mines. It produces seven million tons of phosphate rock annually. JPMC owns and operates a complex in Aqaba that produces Phosphoric Acid, Di-Ammonium Phosphate, and Aluminum Fluoride. The Company holds 100% capital shares in two subsidiaries, namely Indo-Jordan Chemicals Company Limited and Vision for Goods Transportation Company limited. For the fiscal year ended 31 December 2011, Jordan Phosphate Mines Company's total revenue increased 44% to JD812.4M. Net income increased 82% to JD145.8M. Total revenue reflects an increase in demand for the Company's products and services. Net income benefited from an increase on gain from acquisition of affiliate. Jordan Phosphate Mines Company is based in Jordan and listed on Amman Stock Exchange.
Industry
Industry Non-Metallic Mining
ANZSIC 2006: 0990 - Other
Non-Metallic Mineral Mining and Quarrying
NACE 2002: 1430 - Mining of
chemicals and fertiliser minerals
NAICS 2002: 212392 - Phosphate
Rock Mining
UK SIC 2003: 1430 - Mining of
chemicals and fertiliser minerals
US SIC 1987: 1475 - Phosphate
Rock
Key Executives
|
Name |
Title |
|
Najem Abdul Ghafour Al Jeyouri Hammadi |
Acting Chief Executive Officer, Deputy Chief Executive Officer for
Production |
|
Mohammed S. Baderkhan |
Deputy Chief Executive Officer for Finance and Administration |
|
Suhail Musleh |
Deputy Chief Executive Officer for Marketing |
|
Faisal Doudain |
Deputy Chief Executive Officer for Technical Affairs |
|
H. E. Walid Kurdi |
Chairman & CEO |
Significant Developments
|
Topic |
#* |
Most Recent Headline |
Date |
|
Officer Changes |
3 |
Jordan Phosphate Mines Co PLC Appoints Dr. Modher Haddadin as Acting
Chairman |
2-May-2012 |
|
Dividends |
1 |
Jordan Phosphate Mines Co PLC Recommends 45% Cash Dividends for FY
2011 |
15-Apr-2012 |
* number of significant developments within the last 12 months
news
|
Title |
Date |
|
Phosphate workers to demand
re-nationalisation of company |
13-May-2012 |
|
Jordan: Key developments |
19-Apr-2012 |
|
Phosphate case will be referred to court,
gov't seeks to regain control of company -- official |
17-Apr-2012 |
|
Phosphate case will be referred to court,
gov't seeks to regain control of company - official |
16-Apr-2012 |
|
Jordan's anti-business backlash scares
investors |
13-Apr-2012 |
Financial Summary
As of 31-Dec-2011
Key Ratios Company Industry
Current Ratio (MRQ) 2.41 3.40
Quick Ratio (MRQ) 1.34 1.40
Debt to Equity (MRQ) 0.10 1.57
Sales 5 Year Growth 22.89 6.79
Net Profit Margin (TTM) % 17.88 14.35
Return on Assets (TTM) % 18.49 15.06
Return on Equity (TTM) % 24.18 57.14
Stock Snapshot
|
Key IDSM Number: 42388402
1 - Profit & Loss Item Exchange Rate: USD 1 = JOD 0.7085965
2 - Balance Sheet Item Exchange Rate: USD 1 = JOD 0.709
Corporate Overview
Location
Al-Shmaisani P.O. Box:30
Amman, 11118
Jordan
Tel: 962-6-5607141
Fax: 962-6-5682290
Quote Symbol - Exchange
JOPH - Amman
Financial Market
Sales JOD(mil): 812.4
Assets JOD(mil): 911.7
Employees: 3,811
Fiscal Year End: 31-Dec-2011
Industry: Non-Metallic Mining
Incorporation Date: 1949
Company Type: Public Independent
Quoted Status: Quoted
Acting Chief Executive
Officer, Deputy
Chief Executive Officer
for Production: Najem Abdul
Ghafour Al Jeyouri
Hammadi
Company Web Links
Corporate History/Profile
Executives
Financial Information
Home Page
Investor Relations
News Releases
Products/Services
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Market Data
Shareholders
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
0990 - Other Non-Metallic Mineral Mining and Quarrying
10 - Exploration and Other Mining Support
Services
NACE 2002 Codes:
1450 - Other mining and quarrying not elsewhere classified
1430 - Mining of chemicals and fertiliser minerals
NAICS 2002 Codes:
213115 - Support Activities for Nonmetallic Minerals (except Fuels)
212392 - Phosphate Rock Mining
US SIC 1987:
1475 - Phosphate Rock
1481 - Nonmetallic Minerals Services, Except Fuels
UK SIC 2003:
1450 - Other mining and quarrying not elsewhere classified
1430 - Mining of chemicals and fertiliser minerals
Business
Description
Jordan Phosphate
Mines Co. PLC (JPMC) is a Jordan-based public shareholding company engaged in
exploiting, mining, producing and marketing phosphate rock and fertilizers in
Jordan. The Company operates in four mining locations in the central and
southern parts of Jordan, namely Russeifa, Al Hassa, Wadi Al Abiad and Eshidiya
mines. It produces seven million tons of phosphate rock annually. JPMC owns and
operates a complex in Aqaba that produces Phosphoric Acid, Di-Ammonium
Phosphate, and Aluminum Fluoride. The Company holds 100% capital shares in two
subsidiaries, namely Indo-Jordan Chemicals Company Limited and Vision for Goods
Transportation Company limited. For the fiscal year ended 31 December 2011,
Jordan Phosphate Mines Company's total revenue increased 44% to JD812.4M. Net
income increased 82% to JD145.8M. Total revenue reflects an increase in demand
for the Company's products and services. Net income benefited from an increase
on gain from acquisition of affiliate. Jordan Phosphate Mines Company is based
in Jordan and listed on Amman Stock Exchange.
More Business
Descriptions
Exploration, production and export of phosphates, including raw and
diammonium phosphates and fertilisers
Phosphate Mining
This major group includes establishments engaged in the generation,
transmission, and/or distribution of electricity or gas or steam. Such
establishments may be combinations of any of the above three services and also include
other types of services, such as transportation, communications, and
refrigeration. Water and irrigation systems, and sanitary systems engaged in
the collection and disposal of garbage, sewage, and other wastes by means of
destroying or processing materials, are also included.
Other Metal Ore Mining
Brand/Trade Names
JPMC
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Executive report
|
Board of
Directors |
|
|
|
|
|||||
|
Chairman |
Chairman |
|
|||||
|
Chairman & CEO |
Chairman |
|
|||||
|
Vice Chairman of the Board, representing Jordan Ministry of Finance |
Vice-Chairman |
|
|||||
|
Deputy Chairman |
Deputy Chairman |
|
|||||
|
Director representing Kamil Holding |
Director/Board Member |
|
|||||
|
Board Member |
Director/Board Member |
|
|||||
|
Member of the Board |
Director/Board Member |
|
|||||
|
Member of the Board, representing Kuwait
Government |
Director/Board Member |
|
|||||
|
Director |
Director/Board Member |
|
|||||
|
Member of the Board, representing Kamil
Holdings Limited |
Director/Board Member |
|
|||||
|
Board Member |
Director/Board Member |
|
|||||
|
Member of the Board, representing Kamil
Holdings Limited |
Director/Board Member |
|
|||||
|
Member of the Board, representing Jordan
Ministry of Finance |
Director/Board Member |
|
|||||
|
Director representing Kuwait Republic |
Director/Board Member |
|
|||||
|
Board Member |
Director/Board Member |
|
|||||
|
Member of the Board, representing Kamil
Holdings Limited |
Director/Board Member |
|
|||||
|
Director representing Kamil Holding |
Director/Board Member |
|
|||||
|
Member of the Board, representing Social Security Corporation |
Director/Board Member |
|
|||||
|
||||||||
|
Executives |
|
|
|
|
|||
|
Acting Chief Executive Officer, Deputy Chief Executive Officer for
Production |
Chief Executive Officer |
|
|||
|
General Manager |
Chief Executive Officer |
|
|||
|
Chairman & CEO |
Chief Executive Officer |
|
|||
|
Chairman representing Kamil Holding and General Manager |
Division Head Executive |
|
|||
|
Director representing Social Security Co |
Security |
|
|||
|
Deputy Chief Executive Officer for Finance and Administration |
Finance Executive |
|
|||
|
Deputy Chief Executive Officer for Marketing |
Marketing Executive |
|
|||
|
Deputy Chief Executive Officer for Technical Affairs |
Engineering/Technical Executive |
|
|||
|
Deputy Chief Executive Officer for Projects and Business Development |
Business Development Executive |
|
Significant Developments
Jordan Phosphate Mines Co PLC Appoints Dr. Modher Haddadin as Acting Chairman May 02, 2012
Jordan Phosphate
Mines Co PLC announced that its Board of Directors has appointed during their meeting
held on April 30, 2012, Dr. Modher Haddadin as the Company's Acting Chairman,
representing Jordan Ministry of Finance.
Jordan Phosphate
Mines Co PLC Recommends 45% Cash Dividends for FY 2011 Apr 15, 2012
Jordan Phosphate
Mines Co PLC announced that its Board of Directors has recommended the
distribution of 45% cash dividends representing JOD 0.45 per share, for the
fiscal year ending December 31, 2011.
Jordan Phosphate
Mines Co PLC Announces Resignation of Chairman Mar 18, 2012
Jordan Phosphate
Mines Co PLC announced that the Company's Chairman Walid Ismail Najem Alddin Al
Kurdi, representing Kamel Holdings Ltd, has resigned from his post on March 17,
2012.
Jordan Phosphate
Mines Co PLC Announces Chief Executive Officer Change Jan 09, 2012
Jordan Phosphate
Mines Co PLC announced that it has appointed Mr. Najem Hammadi, who serves as
the Company's Deputy Chief Executive Officer for Production, as its new acting
Chief Executive Officer effective from January 5, 2012, replacing H.E. Walid
Ismail Najem Elddine Al Kurdi, who will continue to serve as the Company's
Chairman of the Board.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
Revenue |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
Total Revenue |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
696.3 |
591.6 |
414.7 |
683.0 |
352.4 |
|
Cost of Revenue, Total |
696.3 |
591.6 |
414.7 |
683.0 |
352.4 |
|
Gross Profit |
450.2 |
204.7 |
232.2 |
512.8 |
148.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
34.1 |
30.1 |
35.4 |
48.5 |
30.1 |
|
Labor & Related Expense |
13.0 |
10.8 |
-2.7 |
2.3 |
5.7 |
|
Advertising Expense |
0.4 |
0.1 |
- |
- |
- |
|
Total Selling/General/Administrative Expenses |
47.4 |
41.0 |
32.8 |
50.8 |
35.9 |
|
Research & Development |
2.0 |
3.4 |
- |
- |
- |
|
Depreciation |
1.3 |
1.4 |
1.2 |
1.0 |
- |
|
Depreciation/Amortization |
1.3 |
1.4 |
1.2 |
1.0 |
- |
|
Investment Income -
Operating |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Interest/Investment Income - Operating |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Interest Expense (Income) - Net Operating Total |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Other Operating Expense |
96.3 |
74.8 |
54.9 |
68.7 |
47.9 |
|
Other, Net |
83.4 |
-6.2 |
-5.2 |
-4.7 |
-7.5 |
|
Other Operating Expenses, Total |
179.8 |
68.6 |
49.7 |
64.0 |
40.4 |
|
Total Operating Expense |
926.4 |
706.1 |
498.0 |
798.9 |
428.8 |
|
|
|
|
|
|
|
|
Operating Income |
220.1 |
90.2 |
149.0 |
396.9 |
72.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-3.3 |
-3.3 |
- |
- |
- |
|
Interest Expense, Net Non-Operating |
-3.3 |
-3.3 |
- |
- |
- |
|
Interest Income -
Non-Operating |
4.4 |
5.3 |
5.0 |
0.9 |
1.0 |
|
Investment Income -
Non-Operating |
24.4 |
29.2 |
2.9 |
2.5 |
-0.5 |
|
Interest/Investment Income - Non-Operating |
28.8 |
34.5 |
7.9 |
3.5 |
0.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
25.5 |
31.2 |
7.9 |
3.5 |
0.5 |
|
Other Non-Operating Income (Expense) |
-13.6 |
-2.0 |
-8.2 |
-5.0 |
-7.7 |
|
Other, Net |
-13.6 |
-2.0 |
-8.2 |
-5.0 |
-7.7 |
|
Income Before Tax |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Income After Tax |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.8 |
0.0 |
- |
- |
- |
|
Net Income Before Extraord Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Basic EPS Excl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Basic/Primary EPS Incl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Diluted Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Diluted EPS Excl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted EPS Incl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Dividends per Share - Common Stock Primary Issue |
- |
0.28 |
0.28 |
0.71 |
0.28 |
|
Gross Dividends - Common Stock |
- |
21.2 |
21.2 |
52.9 |
21.2 |
|
Interest Expense, Supplemental |
3.3 |
3.3 |
3.0 |
4.4 |
7.7 |
|
Depreciation, Supplemental |
28.7 |
27.3 |
18.4 |
19.0 |
17.2 |
|
Normalized Income Before Tax |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Normalized Income After Tax |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Rental Expenses |
0.2 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
0.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Research & Development Exp, Supplemental |
2.0 |
3.4 |
1.2 |
0.1 |
- |
|
Normalized EBIT |
219.7 |
90.2 |
148.5 |
396.9 |
72.1 |
|
Normalized EBITDA |
248.4 |
117.5 |
166.9 |
416.0 |
89.3 |
|
Current Tax - Other |
39.2 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Current Tax - Total |
39.2 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Deferred Tax - Total |
-12.2 |
0.0 |
- |
- |
- |
|
Deferred Tax - Total |
-12.2 |
0.0 |
- |
- |
- |
|
Other Tax |
- |
- |
- |
10.6 |
- |
|
Income Tax - Total |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate |
0.709 |
0.7082 |
0.70775 |
0.70875 |
0.70875 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
158.2 |
131.0 |
263.3 |
243.8 |
62.4 |
|
Short Term Investments |
0.3 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Cash and Short Term Investments |
158.5 |
131.4 |
263.6 |
244.2 |
62.8 |
|
Accounts Receivable -
Trade, Gross |
112.9 |
125.2 |
85.0 |
159.8 |
74.8 |
|
Provision for Doubtful
Accounts |
-32.8 |
-32.8 |
-32.9 |
-32.1 |
-31.6 |
|
Trade Accounts Receivable - Net |
80.1 |
92.4 |
52.2 |
127.7 |
43.2 |
|
Other Receivables |
43.3 |
44.1 |
46.8 |
40.2 |
38.5 |
|
Total Receivables, Net |
123.4 |
136.5 |
99.0 |
167.9 |
81.7 |
|
Inventories - Finished Goods |
60.0 |
44.0 |
41.4 |
51.2 |
26.2 |
|
Inventories - Work In Progress |
57.4 |
27.8 |
35.5 |
9.7 |
4.4 |
|
Inventories - Raw Materials |
66.5 |
37.0 |
22.0 |
11.6 |
16.5 |
|
Inventories - Other |
53.1 |
47.0 |
44.1 |
36.6 |
33.8 |
|
Total Inventory |
237.0 |
155.7 |
143.0 |
109.1 |
80.9 |
|
Prepaid Expenses |
10.5 |
2.6 |
- |
- |
- |
|
Other Current Assets |
2.1 |
2.6 |
- |
1.5 |
- |
|
Other Current Assets, Total |
2.1 |
2.6 |
- |
1.5 |
- |
|
Total Current Assets |
531.6 |
428.8 |
505.6 |
522.6 |
225.4 |
|
|
|
|
|
|
|
|
Buildings |
172.7 |
149.8 |
134.9 |
92.0 |
90.1 |
|
Land/Improvements |
1.8 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Machinery/Equipment |
609.1 |
596.6 |
490.4 |
487.8 |
479.7 |
|
Construction in
Progress |
256.9 |
115.8 |
32.4 |
24.3 |
4.1 |
|
Other Property/Plant/Equipment |
67.5 |
62.4 |
55.4 |
55.7 |
55.5 |
|
Property/Plant/Equipment - Gross |
1,108.1 |
925.3 |
713.9 |
660.6 |
630.1 |
|
Accumulated Depreciation |
-603.3 |
-577.4 |
-551.1 |
-534.2 |
-518.3 |
|
Property/Plant/Equipment - Net |
504.8 |
347.9 |
162.8 |
126.5 |
111.9 |
|
Goodwill, Net |
30.8 |
30.8 |
30.8 |
30.8 |
30.8 |
|
LT Investment - Affiliate Companies |
160.6 |
64.5 |
58.6 |
57.1 |
44.7 |
|
LT Investments - Other |
0.9 |
9.7 |
9.6 |
7.3 |
1.2 |
|
Long Term Investments |
161.5 |
74.1 |
68.3 |
64.4 |
45.9 |
|
Note Receivable - Long Term |
5.0 |
5.4 |
4.8 |
3.5 |
3.7 |
|
Deferred Income Tax - Long Term Asset |
12.2 |
0.0 |
- |
0.0 |
2.8 |
|
Other Long Term Assets |
40.1 |
43.9 |
39.1 |
29.7 |
28.8 |
|
Other Long Term Assets, Total |
52.3 |
43.9 |
39.1 |
29.7 |
31.5 |
|
Total Assets |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
35.7 |
33.2 |
28.0 |
23.7 |
15.2 |
|
Accrued Expenses |
44.1 |
26.7 |
23.4 |
14.7 |
23.1 |
|
Notes Payable/Short Term Debt |
23.1 |
17.1 |
1.0 |
6.8 |
6.2 |
|
Current Portion - Long Term Debt/Capital Leases |
21.4 |
5.7 |
9.1 |
17.4 |
18.6 |
|
Income Taxes Payable |
36.3 |
6.1 |
17.1 |
35.7 |
3.0 |
|
Other Payables |
18.9 |
24.1 |
20.9 |
24.0 |
15.6 |
|
Other Current Liabilities |
40.9 |
0.0 |
- |
- |
- |
|
Other Current liabilities, Total |
96.1 |
30.2 |
38.0 |
59.8 |
18.6 |
|
Total Current Liabilities |
220.3 |
112.9 |
99.5 |
122.4 |
81.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
Total Long Term Debt |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
Total Debt |
91.6 |
54.6 |
26.7 |
51.6 |
69.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax |
- |
- |
0.0 |
0.0 |
0.0 |
|
Minority Interest |
12.0 |
0.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
63.6 |
27.0 |
27.8 |
39.3 |
49.5 |
|
Other Liabilities, Total |
63.6 |
27.0 |
27.8 |
39.3 |
49.5 |
|
Total Liabilities |
343.1 |
171.7 |
143.9 |
189.0 |
176.0 |
|
|
|
|
|
|
|
|
Common Stock |
105.8 |
105.9 |
106.0 |
105.8 |
105.8 |
|
Common Stock |
105.8 |
105.9 |
106.0 |
105.8 |
105.8 |
|
Retained Earnings (Accumulated Deficit) |
837.1 |
653.3 |
561.5 |
482.7 |
167.2 |
|
Total Equity |
942.9 |
759.2 |
667.5 |
588.5 |
273.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Total Common Shares Outstanding |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Employees |
- |
- |
3,811 |
- |
- |
|
Total Long Term Debt, Supplemental |
68.5 |
37.5 |
22.3 |
27.3 |
18.6 |
|
Long Term Debt Maturing within 1 Year |
21.4 |
5.7 |
5.6 |
8.7 |
18.6 |
|
Long Term Debt Maturing in Year 2 |
19.9 |
21.5 |
5.6 |
5.4 |
- |
|
Long Term Debt Maturing in Year 3 |
17.5 |
8.6 |
5.6 |
5.6 |
- |
|
Long Term Debt Maturing in 2-3 Years |
37.5 |
30.1 |
11.3 |
11.0 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
9.7 |
1.7 |
5.4 |
7.7 |
0.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
232.0 |
119.4 |
148.7 |
384.8 |
64.9 |
|
Depreciation |
28.7 |
27.3 |
18.4 |
18.4 |
17.2 |
|
Depreciation/Depletion |
28.7 |
27.3 |
18.4 |
18.4 |
17.2 |
|
Other Non-Cash Items |
125.3 |
-11.3 |
2.7 |
18.6 |
24.4 |
|
Non-Cash Items |
125.3 |
-11.3 |
2.7 |
18.6 |
24.4 |
|
Accounts Receivable |
14.1 |
-40.2 |
74.9 |
-85.1 |
15.7 |
|
Inventories |
-76.4 |
11.9 |
-45.8 |
-31.9 |
-13.3 |
|
Other Assets |
-7.2 |
-1.5 |
-9.7 |
-8.7 |
-10.5 |
|
Accounts Payable |
2.1 |
-27.8 |
4.2 |
8.6 |
-0.5 |
|
Accrued Expenses |
18.4 |
1.1 |
8.4 |
-8.2 |
4.7 |
|
Other Liabilities |
-73.1 |
-6.7 |
-3.6 |
8.9 |
2.1 |
|
Other Operating Cash Flow |
-27.5 |
-31.1 |
-50.1 |
-30.7 |
-19.2 |
|
Changes in Working Capital |
-149.6 |
-94.4 |
-21.6 |
-147.1 |
-21.1 |
|
Cash from Operating Activities |
236.5 |
40.9 |
148.2 |
274.8 |
85.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-171.1 |
-102.0 |
-54.7 |
-33.0 |
-10.0 |
|
Capital Expenditures |
-171.1 |
-102.0 |
-54.7 |
-33.0 |
-10.0 |
|
Investment, Net |
16.0 |
-55.8 |
-2.4 |
-6.2 |
-0.1 |
|
Purchase of Investments |
-70.8 |
-27.0 |
-0.4 |
-12.7 |
-0.4 |
|
Other Investing Cash Flow |
9.7 |
6.9 |
8.3 |
2.3 |
44.5 |
|
Other Investing Cash Flow Items, Total |
-45.0 |
-75.9 |
5.6 |
-16.6 |
44.0 |
|
Cash from Investing Activities |
-216.1 |
-178.0 |
-49.1 |
-49.6 |
34.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-3.4 |
-3.4 |
-3.0 |
-4.6 |
-8.1 |
|
Financing Cash Flow Items |
-3.4 |
-3.4 |
-3.0 |
-4.6 |
-8.1 |
|
Cash Dividends Paid - Common |
-26.7 |
-15.6 |
-52.6 |
-21.0 |
-10.5 |
|
Total Cash Dividends Paid |
-26.7 |
-15.6 |
-52.6 |
-21.0 |
-10.5 |
|
Long Term Debt Issued |
46.4 |
20.4 |
- |
0.0 |
40.2 |
|
Long Term Debt
Reduction |
-15.4 |
-12.5 |
-18.6 |
-18.7 |
-15.0 |
|
Long Term Debt, Net |
31.0 |
7.9 |
-18.6 |
-18.7 |
-55.3 |
|
Issuance (Retirement) of Debt, Net |
31.0 |
7.9 |
-18.6 |
-18.7 |
-55.3 |
|
Cash from Financing Activities |
0.9 |
-11.2 |
-74.1 |
-44.2 |
-73.8 |
|
|
|
|
|
|
|
|
Net Change in Cash |
21.3 |
-148.2 |
25.0 |
180.9 |
45.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
113.9 |
262.2 |
237.1 |
56.3 |
10.7 |
|
Net Cash - Ending Balance |
135.2 |
113.9 |
262.1 |
237.2 |
56.3 |
|
Cash Interest Paid |
- |
- |
3.0 |
4.6 |
8.1 |
|
Cash Taxes Paid |
9.0 |
17.1 |
36.2 |
12.4 |
0.7 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
Total Revenue |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
|
|
|
|
|
|
|
Cost of Sales |
696.3 |
591.6 |
414.7 |
683.0 |
352.4 |
|
Selling and Marketing Expenses |
22.2 |
18.7 |
15.4 |
21.8 |
12.2 |
|
Aqaba Seaport Fees |
16.7 |
14.1 |
9.5 |
11.4 |
10.7 |
|
Transport Fees |
66.2 |
49.5 |
33.4 |
44.6 |
26.6 |
|
Salaries & Wages ( General ) |
10.8 |
8.8 |
- |
- |
- |
|
Depreciation ( Genereal ) |
1.2 |
1.3 |
1.2 |
1.0 |
- |
|
Advertising ( General ) |
0.4 |
0.1 |
- |
- |
- |
|
Research & Development ( General ) |
0.4 |
2.0 |
- |
- |
- |
|
Admin & General Expenses |
11.9 |
11.4 |
20.1 |
26.6 |
17.9 |
|
Salaries ( Mines) |
1.7 |
1.4 |
- |
- |
- |
|
Deperciation ( Mines ) |
0.1 |
0.0 |
- |
- |
- |
|
Reserach & Development ( Mines ) |
1.6 |
1.4 |
- |
- |
- |
|
Mines Expenses |
0.9 |
0.8 |
4.0 |
3.1 |
1.8 |
|
Mining Fees |
12.5 |
10.4 |
7.9 |
9.6 |
8.8 |
|
Prov. for Slow Moving Spare Parts |
2.7 |
0.5 |
0.0 |
5.5 |
1.0 |
|
Prov. for Doubtful Debts |
84.9 |
0.0 |
0.7 |
0.6 |
-1.0 |
|
Other Provisions |
- |
- |
- |
- |
0.0 |
|
Pension Returns/ Expenses |
0.4 |
0.6 |
-2.8 |
2.2 |
4.0 |
|
Other Income |
-4.1 |
-6.7 |
-5.9 |
-10.7 |
-7.5 |
|
Foreign Exchange |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Board of Director's Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
1.7 |
|
Total Operating Expense |
926.4 |
706.1 |
498.0 |
798.9 |
428.8 |
|
|
|
|
|
|
|
|
Interest Expense |
-3.3 |
-3.3 |
- |
- |
- |
|
Finance Expenses |
-1.5 |
-0.8 |
-3.8 |
-5.0 |
-7.7 |
|
Inerest Income |
4.4 |
5.3 |
5.0 |
0.9 |
1.0 |
|
Shares from Affliates |
8.3 |
8.3 |
2.9 |
2.6 |
-0.5 |
|
Gain from Re-evaluation of Inv. in Assoc |
-6.1 |
13.1 |
0.0 |
- |
- |
|
Gain from Purchase of an Affiliate |
22.2 |
7.7 |
0.0 |
- |
- |
|
Provision for Social Service |
-12.1 |
0.0 |
- |
- |
- |
|
Miscellaneous Fees |
0.0 |
-1.1 |
-4.3 |
- |
- |
|
Change in Fair Value of Inves. |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Net Income Before Taxes |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Net Income After Taxes |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.8 |
0.0 |
- |
- |
- |
|
Net Income Before Extra. Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Basic EPS Including ExtraOrdinary Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Diluted Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Diluted EPS Excluding ExtraOrd Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted EPS Including ExtraOrd Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
DPS-Common Stock |
- |
0.28 |
0.28 |
0.71 |
0.28 |
|
Gross Dividends - Common Stock |
- |
21.2 |
21.2 |
52.9 |
21.2 |
|
Normalized Income Before Taxes |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Normalized Income After Taxes |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Depreciation |
28.7 |
27.3 |
18.4 |
19.0 |
17.2 |
|
Interest Expense |
3.3 |
3.3 |
3.0 |
4.4 |
7.7 |
|
Rent |
0.2 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Advertising |
0.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Research & Development |
2.0 |
3.4 |
1.2 |
0.1 |
- |
|
Prov. Income Tax |
33.5 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Previous Years Tax |
5.8 |
0.0 |
- |
- |
- |
|
Current Tax - Total |
39.2 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Deferred Tax |
-12.2 |
0.0 |
- |
- |
- |
|
Deferred Tax - Total |
-12.2 |
0.0 |
- |
- |
- |
|
Jordanian University Fees |
- |
- |
- |
4.0 |
- |
|
Scientific Research & Training Fees |
- |
- |
- |
3.4 |
- |
|
Vocational & Technical Training Fees |
- |
- |
- |
3.2 |
- |
|
Income Tax - Total |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate |
0.709 |
0.7082 |
0.70775 |
0.70875 |
0.70875 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash on Hands and at Banks |
158.2 |
131.0 |
263.3 |
243.8 |
62.4 |
|
Retained Fund |
- |
- |
0.0 |
- |
0.0 |
|
Accounts Receivable |
112.9 |
125.2 |
85.0 |
159.8 |
74.8 |
|
Prov. for Doubtful Debts |
-32.8 |
-32.8 |
-32.9 |
-32.1 |
-31.6 |
|
Other Receivable |
43.3 |
44.1 |
46.8 |
40.2 |
38.5 |
|
Prepaid Expense |
10.5 |
2.6 |
- |
- |
- |
|
Finished Goods |
60.0 |
44.0 |
41.4 |
51.2 |
26.2 |
|
Goods Under Progress |
57.4 |
27.8 |
35.5 |
9.7 |
4.4 |
|
Raw Materials |
66.5 |
37.0 |
22.0 |
11.6 |
16.5 |
|
Spare Parts and Supplies |
53.1 |
47.0 |
44.1 |
36.6 |
33.8 |
|
Investments |
0.3 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Loans Receivables |
2.1 |
2.6 |
- |
1.5 |
- |
|
Total Current Assets |
531.6 |
428.8 |
505.6 |
522.6 |
225.4 |
|
|
|
|
|
|
|
|
Spare Parts Strategic Inventories |
40.1 |
43.5 |
38.0 |
25.9 |
27.7 |
|
Payments on Pre-Stripped Over Burden |
0.0 |
0.5 |
1.1 |
3.8 |
1.0 |
|
Loans Receivable |
0.6 |
0.0 |
- |
- |
- |
|
Employee's Housing Loans |
4.4 |
5.4 |
4.8 |
3.5 |
3.7 |
|
Financial Assets at FVTPL |
0.9 |
0.0 |
- |
- |
- |
|
Financial Assets AFS |
0.0 |
9.7 |
9.6 |
7.3 |
1.2 |
|
Invs. in Associates |
160.6 |
64.5 |
58.6 |
57.1 |
44.7 |
|
Project in Progress |
256.9 |
115.8 |
32.4 |
24.3 |
4.1 |
|
Goodwill, Net |
30.8 |
30.8 |
30.8 |
30.8 |
30.8 |
|
Deferred Tax Assets |
12.2 |
0.0 |
- |
0.0 |
2.8 |
|
Lands |
1.8 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Buildings |
172.7 |
149.8 |
134.9 |
92.0 |
90.1 |
|
Roads and yards |
17.4 |
15.1 |
9.2 |
9.2 |
8.8 |
|
Tools and Equipment |
549.7 |
548.0 |
445.3 |
443.3 |
441.2 |
|
Water Infrastructure |
50.1 |
47.3 |
32.0 |
31.8 |
32.4 |
|
Electricity Network |
- |
- |
14.2 |
14.7 |
14.3 |
|
Office Furniture |
7.0 |
6.2 |
5.5 |
5.4 |
4.8 |
|
Medical Equipment |
1.3 |
1.3 |
1.2 |
1.1 |
1.1 |
|
Communication Equipment |
1.9 |
1.9 |
1.9 |
1.9 |
2.0 |
|
Computers |
4.9 |
4.1 |
3.9 |
3.9 |
3.5 |
|
Vehicles |
16.6 |
15.2 |
13.9 |
13.7 |
9.9 |
|
Spare Parts |
24.9 |
17.2 |
16.0 |
15.6 |
14.6 |
|
Software |
2.7 |
2.7 |
2.7 |
2.7 |
2.7 |
|
Depreciation |
-603.3 |
-577.4 |
-551.1 |
-534.2 |
-518.3 |
|
Total Assets |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
Current Portion of LT Bonds |
- |
- |
- |
- |
0.0 |
|
Accounts Payables |
35.7 |
33.2 |
28.0 |
23.7 |
15.2 |
|
Accrued Expenses |
44.1 |
26.7 |
23.4 |
14.7 |
23.1 |
|
Other Payables |
18.9 |
24.1 |
20.9 |
24.0 |
15.6 |
|
Due to Banks |
23.1 |
17.1 |
1.0 |
6.8 |
6.2 |
|
Provision for Employees Incentive & Pens |
40.9 |
0.0 |
- |
- |
- |
|
Current Portion of LT Loans |
21.4 |
5.7 |
9.1 |
17.4 |
18.6 |
|
Prov. for Income Tax |
36.3 |
6.1 |
17.1 |
35.7 |
3.0 |
|
Total Current Liabilities |
220.3 |
112.9 |
99.5 |
122.4 |
81.7 |
|
|
|
|
|
|
|
|
Long Terms Loans |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
Total Long Term Debt |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
|
|
|
|
|
|
|
Reserve of End of Service Idemnity |
57.6 |
18.7 |
16.8 |
21.9 |
28.0 |
|
Employees Benefit Obligation Early Reter |
6.0 |
8.3 |
11.0 |
17.5 |
21.5 |
|
Deferred Tax |
- |
- |
0.0 |
0.0 |
0.0 |
|
Minority Interest |
12.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
343.1 |
171.7 |
143.9 |
189.0 |
176.0 |
|
|
|
|
|
|
|
|
Issued and Paid in Capital |
105.8 |
105.9 |
106.0 |
105.8 |
105.8 |
|
Statutory Reserve |
105.8 |
105.9 |
94.7 |
86.9 |
67.2 |
|
Voluntary Reserve |
105.8 |
92.8 |
80.8 |
65.3 |
25.8 |
|
Special Reserve |
105.8 |
80.3 |
68.3 |
52.8 |
13.3 |
|
Change in Fair Value of Invst. |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Retained Earning |
519.8 |
374.4 |
317.8 |
277.5 |
60.8 |
|
Total Equity |
942.9 |
759.2 |
667.5 |
588.5 |
273.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Total Common Shares Outstanding |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Full-Time Employees |
- |
- |
3,811 |
- |
- |
|
LT Debt Within 1 Year |
21.4 |
5.7 |
5.6 |
8.7 |
18.6 |
|
LT Debt Within 2 Years |
19.9 |
21.5 |
5.6 |
5.4 |
- |
|
LT Debt Within 3 Years |
17.5 |
8.6 |
5.6 |
5.6 |
- |
|
LT Debt Remaining Maturities |
9.7 |
1.7 |
5.4 |
7.7 |
- |
|
Total Long Term Debt, Supplemental |
68.5 |
37.5 |
22.3 |
27.3 |
18.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
232.0 |
119.4 |
148.7 |
384.8 |
64.9 |
|
Depreciation |
28.7 |
27.3 |
18.4 |
18.4 |
17.2 |
|
Expenses, Other Changes & Non Cash Reven |
131.4 |
-10.9 |
10.3 |
27.2 |
28.0 |
|
Account Receivable |
14.1 |
-40.2 |
74.9 |
-85.1 |
15.7 |
|
Other Current Assets |
-7.2 |
1.1 |
-6.5 |
-1.7 |
-6.0 |
|
Employee Housing Loans |
0.0 |
-1.4 |
-2.1 |
0.0 |
-1.4 |
|
Inventory |
-70.9 |
20.8 |
-26.3 |
-25.5 |
-4.1 |
|
Spare Parts and Supplies |
-5.5 |
-8.9 |
-19.5 |
-6.4 |
-9.2 |
|
Payments on Pre-Stripped Burden |
0.0 |
-1.3 |
-1.0 |
-6.9 |
-3.1 |
|
Accounts Payables |
2.1 |
-27.8 |
4.2 |
8.6 |
-0.5 |
|
Accrued Expenses |
18.4 |
1.1 |
8.4 |
-8.2 |
4.7 |
|
Other Payables |
-73.1 |
-6.7 |
-3.6 |
8.9 |
2.1 |
|
Reserve for End of Service |
-6.0 |
-0.4 |
-7.6 |
-8.6 |
-3.6 |
|
Mining Fees Paid |
-15.8 |
-10.7 |
-10.1 |
-12.0 |
-12.2 |
|
Early Retirement Paid |
-2.7 |
-3.3 |
-3.7 |
-6.3 |
-6.3 |
|
Income Tax Paid |
-9.0 |
-17.1 |
-36.2 |
-12.4 |
-0.7 |
|
Cash from Operating Activities |
236.5 |
40.9 |
148.2 |
274.8 |
85.5 |
|
|
|
|
|
|
|
|
Investments AFS |
- |
0.0 |
-2.4 |
-6.2 |
-0.1 |
|
Fixed Assets and Projects in Progress ] |
-171.1 |
-102.0 |
-54.7 |
-33.0 |
-10.0 |
|
Proceed from Indo-Jordan Loan |
-0.1 |
-2.6 |
1.5 |
-1.5 |
0.0 |
|
Investment in Associates |
-70.8 |
-27.0 |
-0.4 |
-12.7 |
-0.4 |
|
Dividends Income |
5.5 |
4.2 |
1.8 |
2.8 |
2.2 |
|
Ownership of an Affiliate |
16.0 |
-55.8 |
- |
- |
- |
|
Interest Received |
4.4 |
5.3 |
5.0 |
0.9 |
1.6 |
|
Retained Fund |
- |
- |
- |
0.0 |
40.7 |
|
Cash from Investing Activities |
-216.1 |
-178.0 |
-49.1 |
-49.6 |
34.0 |
|
|
|
|
|
|
|
|
Proceeds from Loans |
46.4 |
20.4 |
- |
0.0 |
40.2 |
|
Repayments of Loans |
-15.4 |
-12.5 |
-18.6 |
-18.7 |
-15.0 |
|
Repayments of Notes/ Bonds |
- |
- |
- |
0.0 |
-80.5 |
|
Finance Cost Paid |
-3.4 |
-3.4 |
-3.0 |
-4.6 |
-8.1 |
|
Dividend Paid |
-26.7 |
-15.6 |
-52.6 |
-21.0 |
-10.5 |
|
Cash from Financing Activities |
0.9 |
-11.2 |
-74.1 |
-44.2 |
-73.8 |
|
|
|
|
|
|
|
|
Net Change in Cash |
21.3 |
-148.2 |
25.0 |
180.9 |
45.6 |
|
|
|
|
|
|
|
|
Net-Cash Begining Balance |
113.9 |
262.2 |
237.1 |
56.3 |
10.7 |
|
Net- Cash Ending Balance |
135.2 |
113.9 |
262.1 |
237.2 |
56.3 |
|
Cash Interest Paid |
- |
- |
3.0 |
4.6 |
8.1 |
|
Cash Taxes Paid |
9.0 |
17.1 |
36.2 |
12.4 |
0.7 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst & Young
LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
Revenue |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
Total Revenue |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
|
|
|
|
|
|
|
Cost of Revenue |
696.3 |
591.6 |
414.7 |
683.0 |
352.4 |
|
Cost of Revenue, Total |
696.3 |
591.6 |
414.7 |
683.0 |
352.4 |
|
Gross Profit |
450.2 |
204.7 |
232.2 |
512.8 |
148.5 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
34.1 |
30.1 |
35.4 |
48.5 |
30.1 |
|
Labor & Related Expense |
13.0 |
10.8 |
-2.7 |
2.3 |
5.7 |
|
Advertising Expense |
0.4 |
0.1 |
- |
- |
- |
|
Total Selling/General/Administrative Expenses |
47.4 |
41.0 |
32.8 |
50.8 |
35.9 |
|
Research & Development |
2.0 |
3.4 |
- |
- |
- |
|
Depreciation |
1.3 |
1.4 |
1.2 |
1.0 |
- |
|
Depreciation/Amortization |
1.3 |
1.4 |
1.2 |
1.0 |
- |
|
Investment Income -
Operating |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Interest/Investment Income - Operating |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Interest Expense (Income) - Net Operating Total |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Other Operating Expense |
96.3 |
74.8 |
54.9 |
68.7 |
47.9 |
|
Other, Net |
83.4 |
-6.2 |
-5.2 |
-4.7 |
-7.5 |
|
Other Operating Expenses, Total |
179.8 |
68.6 |
49.7 |
64.0 |
40.4 |
|
Total Operating Expense |
926.4 |
706.1 |
498.0 |
798.9 |
428.8 |
|
|
|
|
|
|
|
|
Operating Income |
220.1 |
90.2 |
149.0 |
396.9 |
72.1 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-3.3 |
-3.3 |
- |
- |
- |
|
Interest Expense, Net Non-Operating |
-3.3 |
-3.3 |
- |
- |
- |
|
Interest Income -
Non-Operating |
4.4 |
5.3 |
5.0 |
0.9 |
1.0 |
|
Investment Income -
Non-Operating |
24.4 |
29.2 |
2.9 |
2.5 |
-0.5 |
|
Interest/Investment Income - Non-Operating |
28.8 |
34.5 |
7.9 |
3.5 |
0.5 |
|
Interest Income (Expense) - Net Non-Operating Total |
25.5 |
31.2 |
7.9 |
3.5 |
0.5 |
|
Other Non-Operating Income (Expense) |
-13.6 |
-2.0 |
-8.2 |
-5.0 |
-7.7 |
|
Other, Net |
-13.6 |
-2.0 |
-8.2 |
-5.0 |
-7.7 |
|
Income Before Tax |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Total Income Tax |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Income After Tax |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.8 |
0.0 |
- |
- |
- |
|
Net Income Before Extraord Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Basic EPS Excl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Basic/Primary EPS Incl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Diluted Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Diluted EPS Excl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted EPS Incl Extraord Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Dividends per Share - Common Stock Primary Issue |
- |
0.28 |
0.28 |
0.71 |
0.28 |
|
Gross Dividends - Common Stock |
- |
21.2 |
21.2 |
52.9 |
21.2 |
|
Interest Expense, Supplemental |
3.3 |
3.3 |
3.0 |
4.4 |
7.7 |
|
Depreciation, Supplemental |
28.7 |
27.3 |
18.4 |
19.0 |
17.2 |
|
Normalized Income Before Tax |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Normalized Income After Tax |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Rental Expenses |
0.2 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Advertising Expense, Supplemental |
0.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Research & Development Exp, Supplemental |
2.0 |
3.4 |
1.2 |
0.1 |
- |
|
Normalized EBIT |
219.7 |
90.2 |
148.5 |
396.9 |
72.1 |
|
Normalized EBITDA |
248.4 |
117.5 |
166.9 |
416.0 |
89.3 |
|
Current Tax - Other |
39.2 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Current Tax - Total |
39.2 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Deferred Tax - Total |
-12.2 |
0.0 |
- |
- |
- |
|
Deferred Tax - Total |
-12.2 |
0.0 |
- |
- |
- |
|
Other Tax |
- |
- |
- |
10.6 |
- |
|
Income Tax - Total |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.70892 |
0.708475 |
0.708685 |
0.708311 |
0.708106 |
|
|
|
|
|
|
|
|
Net Sales |
311.2 |
301.1 |
305.6 |
228.6 |
235.6 |
|
Revenue |
311.2 |
301.1 |
305.6 |
228.6 |
235.6 |
|
Total Revenue |
311.2 |
301.1 |
305.6 |
228.6 |
235.6 |
|
|
|
|
|
|
|
|
Cost of Revenue |
162.6 |
189.2 |
191.1 |
153.4 |
168.8 |
|
Cost of Revenue, Total |
162.6 |
189.2 |
191.1 |
153.4 |
168.8 |
|
Gross Profit |
148.6 |
111.9 |
114.6 |
75.1 |
66.8 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
55.6 |
39.2 |
51.9 |
18.5 |
17.5 |
|
Labor & Related Expense |
0.2 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Total Selling/General/Administrative Expenses |
55.7 |
39.3 |
52.0 |
18.7 |
17.7 |
|
Investment Income -
Operating |
-0.2 |
-0.1 |
-0.1 |
0.1 |
0.1 |
|
Interest/Investment Income - Operating |
-0.2 |
-0.1 |
-0.1 |
0.1 |
0.1 |
|
Interest Expense (Income) - Net Operating Total |
-0.2 |
-0.1 |
-0.1 |
0.1 |
0.1 |
|
Other Operating Expense |
18.5 |
15.4 |
16.7 |
15.5 |
16.7 |
|
Other, Net |
2.5 |
-0.2 |
-2.8 |
-1.0 |
-0.3 |
|
Other Operating Expenses, Total |
21.1 |
15.2 |
14.0 |
14.6 |
16.4 |
|
Total Operating Expense |
239.2 |
243.6 |
256.9 |
186.8 |
203.0 |
|
|
|
|
|
|
|
|
Operating Income |
72.0 |
57.5 |
48.7 |
41.8 |
32.6 |
|
|
|
|
|
|
|
|
Investment Income -
Non-Operating |
4.7 |
1.6 |
23.6 |
0.6 |
11.8 |
|
Interest/Investment Income - Non-Operating |
4.7 |
1.6 |
23.6 |
0.6 |
11.8 |
|
Interest Income (Expense) - Net Non-Operating |
-1.7 |
-1.0 |
-1.1 |
-1.0 |
-1.1 |
|
Interest Income (Expense) - Net Non-Operating Total |
3.0 |
0.6 |
22.5 |
-0.4 |
10.7 |
|
Other Non-Operating Income (Expense) |
0.2 |
1.0 |
-7.7 |
-7.2 |
0.8 |
|
Other, Net |
0.2 |
1.0 |
-7.7 |
-7.2 |
0.8 |
|
Income Before Tax |
75.2 |
59.1 |
63.5 |
34.2 |
44.1 |
|
|
|
|
|
|
|
|
Total Income Tax |
14.2 |
5.4 |
4.1 |
3.4 |
2.6 |
|
Income After Tax |
61.0 |
53.7 |
59.4 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.4 |
0.3 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
Net Income |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Basic EPS Excl Extraord Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Basic/Primary EPS Incl Extraord Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Diluted Net Income |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
Diluted Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Diluted EPS Excl Extraord Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Diluted EPS Incl Extraord Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Dividends per Share - Common Stock Primary Issue |
- |
0.00 |
0.00 |
0.00 |
0.28 |
|
Gross Dividends - Common Stock |
- |
0.0 |
0.0 |
0.0 |
21.2 |
|
Depreciation, Supplemental |
5.7 |
7.9 |
8.1 |
7.1 |
7.8 |
|
Normalized Income Before Tax |
75.2 |
59.1 |
63.5 |
34.2 |
44.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
14.2 |
5.4 |
4.1 |
3.4 |
2.6 |
|
Normalized Income After Tax |
61.0 |
53.7 |
59.4 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Diluted Normalized EPS |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Normalized EBIT |
71.8 |
57.4 |
48.6 |
41.9 |
32.8 |
|
Normalized EBITDA |
77.5 |
65.3 |
56.6 |
49.0 |
40.6 |
Annual
Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate |
0.709 |
0.7082 |
0.70775 |
0.70875 |
0.70875 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
158.2 |
131.0 |
263.3 |
243.8 |
62.4 |
|
Short Term Investments |
0.3 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Cash and Short Term Investments |
158.5 |
131.4 |
263.6 |
244.2 |
62.8 |
|
Accounts Receivable -
Trade, Gross |
112.9 |
125.2 |
85.0 |
159.8 |
74.8 |
|
Provision for Doubtful
Accounts |
-32.8 |
-32.8 |
-32.9 |
-32.1 |
-31.6 |
|
Trade Accounts Receivable - Net |
80.1 |
92.4 |
52.2 |
127.7 |
43.2 |
|
Other Receivables |
43.3 |
44.1 |
46.8 |
40.2 |
38.5 |
|
Total Receivables, Net |
123.4 |
136.5 |
99.0 |
167.9 |
81.7 |
|
Inventories - Finished Goods |
60.0 |
44.0 |
41.4 |
51.2 |
26.2 |
|
Inventories - Work In Progress |
57.4 |
27.8 |
35.5 |
9.7 |
4.4 |
|
Inventories - Raw Materials |
66.5 |
37.0 |
22.0 |
11.6 |
16.5 |
|
Inventories - Other |
53.1 |
47.0 |
44.1 |
36.6 |
33.8 |
|
Total Inventory |
237.0 |
155.7 |
143.0 |
109.1 |
80.9 |
|
Prepaid Expenses |
10.5 |
2.6 |
- |
- |
- |
|
Other Current Assets |
2.1 |
2.6 |
- |
1.5 |
- |
|
Other Current Assets, Total |
2.1 |
2.6 |
- |
1.5 |
- |
|
Total Current Assets |
531.6 |
428.8 |
505.6 |
522.6 |
225.4 |
|
|
|
|
|
|
|
|
Buildings |
172.7 |
149.8 |
134.9 |
92.0 |
90.1 |
|
Land/Improvements |
1.8 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Machinery/Equipment |
609.1 |
596.6 |
490.4 |
487.8 |
479.7 |
|
Construction in
Progress |
256.9 |
115.8 |
32.4 |
24.3 |
4.1 |
|
Other
Property/Plant/Equipment |
67.5 |
62.4 |
55.4 |
55.7 |
55.5 |
|
Property/Plant/Equipment - Gross |
1,108.1 |
925.3 |
713.9 |
660.6 |
630.1 |
|
Accumulated Depreciation |
-603.3 |
-577.4 |
-551.1 |
-534.2 |
-518.3 |
|
Property/Plant/Equipment - Net |
504.8 |
347.9 |
162.8 |
126.5 |
111.9 |
|
Goodwill, Net |
30.8 |
30.8 |
30.8 |
30.8 |
30.8 |
|
LT Investment - Affiliate Companies |
160.6 |
64.5 |
58.6 |
57.1 |
44.7 |
|
LT Investments - Other |
0.9 |
9.7 |
9.6 |
7.3 |
1.2 |
|
Long Term Investments |
161.5 |
74.1 |
68.3 |
64.4 |
45.9 |
|
Note Receivable - Long Term |
5.0 |
5.4 |
4.8 |
3.5 |
3.7 |
|
Deferred Income Tax - Long Term Asset |
12.2 |
0.0 |
- |
0.0 |
2.8 |
|
Other Long Term Assets |
40.1 |
43.9 |
39.1 |
29.7 |
28.8 |
|
Other Long Term Assets, Total |
52.3 |
43.9 |
39.1 |
29.7 |
31.5 |
|
Total Assets |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
Accounts Payable |
35.7 |
33.2 |
28.0 |
23.7 |
15.2 |
|
Accrued Expenses |
44.1 |
26.7 |
23.4 |
14.7 |
23.1 |
|
Notes Payable/Short Term Debt |
23.1 |
17.1 |
1.0 |
6.8 |
6.2 |
|
Current Portion - Long Term Debt/Capital Leases |
21.4 |
5.7 |
9.1 |
17.4 |
18.6 |
|
Income Taxes Payable |
36.3 |
6.1 |
17.1 |
35.7 |
3.0 |
|
Other Payables |
18.9 |
24.1 |
20.9 |
24.0 |
15.6 |
|
Other Current Liabilities |
40.9 |
0.0 |
- |
- |
- |
|
Other Current liabilities, Total |
96.1 |
30.2 |
38.0 |
59.8 |
18.6 |
|
Total Current Liabilities |
220.3 |
112.9 |
99.5 |
122.4 |
81.7 |
|
|
|
|
|
|
|
|
Long Term Debt |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
Total Long Term Debt |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
Total Debt |
91.6 |
54.6 |
26.7 |
51.6 |
69.7 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
- |
- |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax |
- |
- |
0.0 |
0.0 |
0.0 |
|
Minority Interest |
12.0 |
0.0 |
- |
- |
- |
|
Pension Benefits - Underfunded |
63.6 |
27.0 |
27.8 |
39.3 |
49.5 |
|
Other Liabilities, Total |
63.6 |
27.0 |
27.8 |
39.3 |
49.5 |
|
Total Liabilities |
343.1 |
171.7 |
143.9 |
189.0 |
176.0 |
|
|
|
|
|
|
|
|
Common Stock |
105.8 |
105.9 |
106.0 |
105.8 |
105.8 |
|
Common Stock |
105.8 |
105.9 |
106.0 |
105.8 |
105.8 |
|
Retained Earnings (Accumulated Deficit) |
837.1 |
653.3 |
561.5 |
482.7 |
167.2 |
|
Total Equity |
942.9 |
759.2 |
667.5 |
588.5 |
273.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Total Common Shares Outstanding |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Employees |
- |
- |
3,811 |
- |
- |
|
Total Long Term Debt, Supplemental |
68.5 |
37.5 |
22.3 |
27.3 |
18.6 |
|
Long Term Debt Maturing within 1 Year |
21.4 |
5.7 |
5.6 |
8.7 |
18.6 |
|
Long Term Debt Maturing in Year 2 |
19.9 |
21.5 |
5.6 |
5.4 |
- |
|
Long Term Debt Maturing in Year 3 |
17.5 |
8.6 |
5.6 |
5.6 |
- |
|
Long Term Debt Maturing in 2-3 Years |
37.5 |
30.1 |
11.3 |
11.0 |
- |
|
Long Term Debt Matur. in Year 6 & Beyond |
9.7 |
1.7 |
5.4 |
7.7 |
0.0 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate |
0.709 |
0.70855 |
0.70875 |
0.7095 |
0.7082 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
158.2 |
161.2 |
157.1 |
146.1 |
131.0 |
|
Short Term Investments |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Cash and Short Term Investments |
158.5 |
161.5 |
157.5 |
146.4 |
131.4 |
|
Trade Accounts Receivable - Net |
80.1 |
90.2 |
99.5 |
69.3 |
92.4 |
|
Other Receivables |
55.9 |
46.0 |
54.5 |
67.8 |
49.3 |
|
Total Receivables, Net |
136.0 |
136.2 |
154.0 |
137.1 |
141.7 |
|
Inventories - Other |
237.0 |
189.2 |
199.3 |
190.3 |
155.7 |
|
Total Inventory |
237.0 |
189.2 |
199.3 |
190.3 |
155.7 |
|
Total Current Assets |
531.6 |
486.9 |
510.8 |
473.8 |
428.8 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
247.9 |
245.5 |
250.6 |
232.8 |
232.2 |
|
Goodwill, Net |
30.8 |
30.8 |
30.8 |
30.7 |
30.8 |
|
LT Investment - Affiliate Companies |
160.6 |
142.5 |
127.3 |
97.5 |
64.5 |
|
LT Investments - Other |
0.9 |
0.9 |
0.9 |
9.6 |
9.7 |
|
Long Term Investments |
161.5 |
143.4 |
128.2 |
107.1 |
74.1 |
|
Note Receivable - Long Term |
5.0 |
5.9 |
6.1 |
5.2 |
5.4 |
|
Deferred Income Tax - Long Term Asset |
12.2 |
- |
- |
- |
0.0 |
|
Other Long Term Assets |
297.0 |
246.7 |
203.2 |
173.0 |
159.7 |
|
Other Long Term Assets, Total |
309.2 |
246.7 |
203.2 |
173.0 |
159.7 |
|
Total Assets |
1,285.9 |
1,159.1 |
1,129.7 |
1,022.7 |
931.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
35.7 |
43.1 |
73.9 |
43.5 |
33.2 |
|
Accrued Expenses |
44.1 |
24.3 |
27.7 |
47.2 |
26.7 |
|
Notes Payable/Short Term Debt |
23.1 |
38.4 |
43.6 |
39.0 |
17.1 |
|
Current Portion - Long Term Debt/Capital Leases |
21.4 |
5.7 |
15.7 |
8.2 |
5.7 |
|
Income Taxes Payable |
36.3 |
13.7 |
10.2 |
9.2 |
6.1 |
|
Other Payables |
18.9 |
17.9 |
20.1 |
25.9 |
24.1 |
|
Other Current Liabilities |
40.9 |
- |
- |
- |
0.0 |
|
Other Current liabilities, Total |
96.1 |
31.6 |
30.3 |
35.1 |
30.2 |
|
Total Current Liabilities |
220.3 |
143.2 |
191.1 |
173.0 |
112.9 |
|
|
|
|
|
|
|
|
Long Term Debt |
47.1 |
50.6 |
45.8 |
34.5 |
31.8 |
|
Total Long Term Debt |
47.1 |
50.6 |
45.8 |
34.5 |
31.8 |
|
Total Debt |
91.6 |
94.7 |
105.1 |
81.7 |
54.6 |
|
|
|
|
|
|
|
|
Minority Interest |
12.0 |
12.1 |
12.5 |
- |
0.0 |
|
Pension Benefits - Underfunded |
63.6 |
71.0 |
52.3 |
26.7 |
27.0 |
|
Other Liabilities, Total |
63.6 |
71.0 |
52.3 |
26.7 |
27.0 |
|
Total Liabilities |
343.1 |
276.8 |
301.8 |
234.2 |
171.7 |
|
|
|
|
|
|
|
|
Common Stock |
105.8 |
105.8 |
105.8 |
105.7 |
105.9 |
|
Common Stock |
105.8 |
105.8 |
105.8 |
105.7 |
105.9 |
|
Retained Earnings (Accumulated Deficit) |
837.1 |
776.4 |
722.1 |
682.8 |
653.3 |
|
Total Equity |
942.9 |
882.3 |
827.9 |
788.5 |
759.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
1,285.9 |
1,159.1 |
1,129.7 |
1,022.7 |
931.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Total Common Shares Outstanding |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
Annual
Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
232.0 |
119.4 |
148.7 |
384.8 |
64.9 |
|
Depreciation |
28.7 |
27.3 |
18.4 |
18.4 |
17.2 |
|
Depreciation/Depletion |
28.7 |
27.3 |
18.4 |
18.4 |
17.2 |
|
Other Non-Cash Items |
125.3 |
-11.3 |
2.7 |
18.6 |
24.4 |
|
Non-Cash Items |
125.3 |
-11.3 |
2.7 |
18.6 |
24.4 |
|
Accounts Receivable |
14.1 |
-40.2 |
74.9 |
-85.1 |
15.7 |
|
Inventories |
-76.4 |
11.9 |
-45.8 |
-31.9 |
-13.3 |
|
Other Assets |
-7.2 |
-1.5 |
-9.7 |
-8.7 |
-10.5 |
|
Accounts Payable |
2.1 |
-27.8 |
4.2 |
8.6 |
-0.5 |
|
Accrued Expenses |
18.4 |
1.1 |
8.4 |
-8.2 |
4.7 |
|
Other Liabilities |
-73.1 |
-6.7 |
-3.6 |
8.9 |
2.1 |
|
Other Operating Cash Flow |
-27.5 |
-31.1 |
-50.1 |
-30.7 |
-19.2 |
|
Changes in Working Capital |
-149.6 |
-94.4 |
-21.6 |
-147.1 |
-21.1 |
|
Cash from Operating Activities |
236.5 |
40.9 |
148.2 |
274.8 |
85.5 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-171.1 |
-102.0 |
-54.7 |
-33.0 |
-10.0 |
|
Capital Expenditures |
-171.1 |
-102.0 |
-54.7 |
-33.0 |
-10.0 |
|
Investment, Net |
16.0 |
-55.8 |
-2.4 |
-6.2 |
-0.1 |
|
Purchase of Investments |
-70.8 |
-27.0 |
-0.4 |
-12.7 |
-0.4 |
|
Other Investing Cash Flow |
9.7 |
6.9 |
8.3 |
2.3 |
44.5 |
|
Other Investing Cash Flow Items, Total |
-45.0 |
-75.9 |
5.6 |
-16.6 |
44.0 |
|
Cash from Investing Activities |
-216.1 |
-178.0 |
-49.1 |
-49.6 |
34.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-3.4 |
-3.4 |
-3.0 |
-4.6 |
-8.1 |
|
Financing Cash Flow Items |
-3.4 |
-3.4 |
-3.0 |
-4.6 |
-8.1 |
|
Cash Dividends Paid - Common |
-26.7 |
-15.6 |
-52.6 |
-21.0 |
-10.5 |
|
Total Cash Dividends Paid |
-26.7 |
-15.6 |
-52.6 |
-21.0 |
-10.5 |
|
Long Term Debt Issued |
46.4 |
20.4 |
- |
0.0 |
40.2 |
|
Long Term Debt
Reduction |
-15.4 |
-12.5 |
-18.6 |
-18.7 |
-15.0 |
|
Long Term Debt, Net |
31.0 |
7.9 |
-18.6 |
-18.7 |
-55.3 |
|
Issuance (Retirement) of Debt, Net |
31.0 |
7.9 |
-18.6 |
-18.7 |
-55.3 |
|
Cash from Financing Activities |
0.9 |
-11.2 |
-74.1 |
-44.2 |
-73.8 |
|
|
|
|
|
|
|
|
Net Change in Cash |
21.3 |
-148.2 |
25.0 |
180.9 |
45.6 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
113.9 |
262.2 |
237.1 |
56.3 |
10.7 |
|
Net Cash - Ending Balance |
135.2 |
113.9 |
262.1 |
237.2 |
56.3 |
|
Cash Interest Paid |
- |
- |
3.0 |
4.6 |
8.1 |
|
Cash Taxes Paid |
9.0 |
17.1 |
36.2 |
12.4 |
0.7 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate (Period
Average) |
0.708596 |
0.708484 |
0.70849 |
0.708311 |
0.708147 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
232.0 |
156.8 |
97.7 |
34.2 |
119.4 |
|
Depreciation |
28.7 |
23.0 |
15.1 |
7.1 |
27.3 |
|
Depreciation/Depletion |
28.7 |
23.0 |
15.1 |
7.1 |
27.3 |
|
Other Non-Cash Items |
125.3 |
56.8 |
13.7 |
3.8 |
-11.3 |
|
Non-Cash Items |
125.3 |
56.8 |
13.7 |
3.8 |
-11.3 |
|
Accounts Receivable |
14.1 |
4.1 |
-5.3 |
22.9 |
-40.2 |
|
Inventories |
-76.4 |
-27.4 |
-36.4 |
-31.3 |
11.9 |
|
Other Assets |
-7.2 |
2.8 |
-7.9 |
-18.6 |
-1.5 |
|
Accounts Payable |
2.1 |
9.5 |
40.3 |
10.4 |
-27.8 |
|
Accrued Expenses |
18.4 |
-0.3 |
1.1 |
21.5 |
1.1 |
|
Other Liabilities |
-73.1 |
-39.1 |
-15.6 |
1.9 |
-6.7 |
|
Other Operating Cash Flow |
-27.5 |
-21.0 |
-12.6 |
-6.0 |
-31.1 |
|
Changes in Working Capital |
-149.6 |
-71.5 |
-36.3 |
0.9 |
-94.4 |
|
Cash from Operating Activities |
236.5 |
165.1 |
90.1 |
46.0 |
40.9 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-171.1 |
-113.2 |
-68.2 |
-25.6 |
-102.0 |
|
Capital Expenditures |
-171.1 |
-113.2 |
-68.2 |
-25.6 |
-102.0 |
|
Investment, Net |
16.0 |
- |
- |
- |
-55.8 |
|
Purchase of Investments |
-70.8 |
-57.2 |
-43.7 |
-32.6 |
-27.0 |
|
Other Investing Cash Flow |
9.7 |
24.6 |
25.7 |
1.1 |
6.9 |
|
Other Investing Cash Flow Items, Total |
-45.0 |
-32.7 |
-17.9 |
-31.5 |
-75.9 |
|
Cash from Investing Activities |
-216.1 |
-145.9 |
-86.2 |
-57.1 |
-178.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-3.4 |
-2.4 |
-1.8 |
-0.6 |
-3.4 |
|
Financing Cash Flow Items |
-3.4 |
-2.4 |
-1.8 |
-0.6 |
-3.4 |
|
Cash Dividends Paid - Common |
-26.7 |
-26.5 |
-26.4 |
-0.1 |
-15.6 |
|
Total Cash Dividends Paid |
-26.7 |
-26.5 |
-26.4 |
-0.1 |
-15.6 |
|
Short Term Debt, Net |
- |
- |
26.6 |
- |
- |
|
Long Term Debt Issued |
46.4 |
32.6 |
- |
5.9 |
20.4 |
|
Long Term Debt
Reduction |
-15.4 |
-13.9 |
-2.7 |
-0.7 |
-12.5 |
|
Long Term Debt, Net |
31.0 |
18.7 |
-2.7 |
5.2 |
7.9 |
|
Issuance (Retirement) of Debt, Net |
31.0 |
18.7 |
23.9 |
5.2 |
7.9 |
|
Cash from Financing Activities |
0.9 |
-10.3 |
-4.2 |
4.5 |
-11.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
21.3 |
8.9 |
-0.3 |
-6.6 |
-148.2 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
113.9 |
113.9 |
113.9 |
113.9 |
262.2 |
|
Net Cash - Ending Balance |
135.2 |
122.8 |
113.6 |
107.3 |
113.9 |
|
Cash Taxes Paid |
9.0 |
5.7 |
3.3 |
0.4 |
17.1 |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Sales |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
Total Revenue |
1,146.5 |
796.3 |
646.9 |
1,195.8 |
500.9 |
|
|
|
|
|
|
|
|
Cost of Sales |
696.3 |
591.6 |
414.7 |
683.0 |
352.4 |
|
Selling and Marketing Expenses |
22.2 |
18.7 |
15.4 |
21.8 |
12.2 |
|
Aqaba Seaport Fees |
16.7 |
14.1 |
9.5 |
11.4 |
10.7 |
|
Transport Fees |
66.2 |
49.5 |
33.4 |
44.6 |
26.6 |
|
Salaries & Wages ( General ) |
10.8 |
8.8 |
- |
- |
- |
|
Depreciation ( Genereal ) |
1.2 |
1.3 |
1.2 |
1.0 |
- |
|
Advertising ( General ) |
0.4 |
0.1 |
- |
- |
- |
|
Research & Development ( General ) |
0.4 |
2.0 |
- |
- |
- |
|
Admin & General Expenses |
11.9 |
11.4 |
20.1 |
26.6 |
17.9 |
|
Salaries ( Mines) |
1.7 |
1.4 |
- |
- |
- |
|
Deperciation ( Mines ) |
0.1 |
0.0 |
- |
- |
- |
|
Reserach & Development ( Mines ) |
1.6 |
1.4 |
- |
- |
- |
|
Mines Expenses |
0.9 |
0.8 |
4.0 |
3.1 |
1.8 |
|
Mining Fees |
12.5 |
10.4 |
7.9 |
9.6 |
8.8 |
|
Prov. for Slow Moving Spare Parts |
2.7 |
0.5 |
0.0 |
5.5 |
1.0 |
|
Prov. for Doubtful Debts |
84.9 |
0.0 |
0.7 |
0.6 |
-1.0 |
|
Other Provisions |
- |
- |
- |
- |
0.0 |
|
Pension Returns/ Expenses |
0.4 |
0.6 |
-2.8 |
2.2 |
4.0 |
|
Other Income |
-4.1 |
-6.7 |
-5.9 |
-10.7 |
-7.5 |
|
Foreign Exchange |
-0.4 |
0.0 |
-0.4 |
0.0 |
0.1 |
|
Board of Director's Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
1.7 |
|
Total Operating Expense |
926.4 |
706.1 |
498.0 |
798.9 |
428.8 |
|
|
|
|
|
|
|
|
Interest Expense |
-3.3 |
-3.3 |
- |
- |
- |
|
Finance Expenses |
-1.5 |
-0.8 |
-3.8 |
-5.0 |
-7.7 |
|
Inerest Income |
4.4 |
5.3 |
5.0 |
0.9 |
1.0 |
|
Shares from Affliates |
8.3 |
8.3 |
2.9 |
2.6 |
-0.5 |
|
Gain from Re-evaluation of Inv. in Assoc |
-6.1 |
13.1 |
0.0 |
- |
- |
|
Gain from Purchase of an Affiliate |
22.2 |
7.7 |
0.0 |
- |
- |
|
Provision for Social Service |
-12.1 |
0.0 |
- |
- |
- |
|
Miscellaneous Fees |
0.0 |
-1.1 |
-4.3 |
- |
- |
|
Change in Fair Value of Inves. |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Net Income Before Taxes |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Net Income After Taxes |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Minority Interest |
0.8 |
0.0 |
- |
- |
- |
|
Net Income Before Extra. Items |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Basic EPS Including ExtraOrdinary Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Net Income |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
Diluted Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Diluted EPS Excluding ExtraOrd Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted EPS Including ExtraOrd Items |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
DPS-Common Stock |
- |
0.28 |
0.28 |
0.71 |
0.28 |
|
Gross Dividends - Common Stock |
- |
21.2 |
21.2 |
52.9 |
21.2 |
|
Normalized Income Before Taxes |
232.0 |
119.4 |
148.7 |
395.4 |
64.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
|
Normalized Income After Taxes |
205.0 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
205.8 |
113.3 |
131.1 |
336.9 |
65.1 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Diluted Normalized EPS |
2.74 |
1.51 |
1.75 |
4.49 |
0.87 |
|
Depreciation |
28.7 |
27.3 |
18.4 |
19.0 |
17.2 |
|
Interest Expense |
3.3 |
3.3 |
3.0 |
4.4 |
7.7 |
|
Rent |
0.2 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Advertising |
0.4 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Research & Development |
2.0 |
3.4 |
1.2 |
0.1 |
- |
|
Prov. Income Tax |
33.5 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Previous Years Tax |
5.8 |
0.0 |
- |
- |
- |
|
Current Tax - Total |
39.2 |
6.1 |
17.6 |
47.9 |
-0.2 |
|
Deferred Tax |
-12.2 |
0.0 |
- |
- |
- |
|
Deferred Tax - Total |
-12.2 |
0.0 |
- |
- |
- |
|
Jordanian University Fees |
- |
- |
- |
4.0 |
- |
|
Scientific Research & Training Fees |
- |
- |
- |
3.4 |
- |
|
Vocational & Technical Training Fees |
- |
- |
- |
3.2 |
- |
|
Income Tax - Total |
27.0 |
6.1 |
17.6 |
58.5 |
-0.2 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.70892 |
0.708475 |
0.708685 |
0.708311 |
0.708106 |
|
|
|
|
|
|
|
|
Sales |
311.2 |
301.1 |
305.6 |
228.6 |
235.6 |
|
Total Revenue |
311.2 |
301.1 |
305.6 |
228.6 |
235.6 |
|
|
|
|
|
|
|
|
Cost of Sales |
162.6 |
189.2 |
191.1 |
153.4 |
168.8 |
|
Selling and Marketing Expenses |
5.7 |
4.6 |
7.1 |
4.8 |
1.8 |
|
Aqaba Seaport Fees |
4.6 |
3.6 |
4.6 |
3.9 |
4.8 |
|
Transport Fees |
18.5 |
15.4 |
16.7 |
15.5 |
16.7 |
|
Admin & General Expenses |
4.9 |
6.3 |
7.1 |
6.3 |
7.2 |
|
Mines Expenses |
1.3 |
1.1 |
0.9 |
0.9 |
0.9 |
|
Mining Fees |
4.4 |
2.5 |
3.0 |
2.6 |
2.8 |
|
Provision for Slow Moving Spare Parts |
0.1 |
0.0 |
2.6 |
0.0 |
0.5 |
|
Provisions |
34.5 |
21.2 |
29.2 |
0.0 |
- |
|
Prov. for Doubtful Debts |
- |
- |
- |
- |
0.0 |
|
Pension Returns/ Expenses |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Income |
2.5 |
-0.2 |
-5.4 |
-1.0 |
-0.9 |
|
Foreign Exchange |
-0.2 |
-0.1 |
-0.1 |
0.1 |
0.1 |
|
Board of Director's Remuneration |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Operating Expense |
239.2 |
243.6 |
256.9 |
186.8 |
203.0 |
|
|
|
|
|
|
|
|
Finance Expenses |
-1.7 |
-1.0 |
-1.1 |
-1.0 |
-1.1 |
|
Finance Income |
1.2 |
1.0 |
1.2 |
1.1 |
1.2 |
|
Shares from Affliates |
4.7 |
1.6 |
1.4 |
0.6 |
4.1 |
|
Gain from Revaluation of AssociatCompany |
0.0 |
0.0 |
-6.1 |
- |
0.0 |
|
Gain from Purchase an Affiliate |
0.0 |
0.0 |
22.2 |
- |
7.7 |
|
Provision of Social Services |
-1.0 |
0.0 |
-2.8 |
-8.3 |
0.0 |
|
Misce. Expenses |
0.0 |
0.0 |
0.0 |
0.0 |
-0.4 |
|
Loss on Invest Fair Value |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Income Before Taxes |
75.2 |
59.1 |
63.5 |
34.2 |
44.1 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
14.2 |
5.4 |
4.1 |
3.4 |
2.6 |
|
Net Income After Taxes |
61.0 |
53.7 |
59.4 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.4 |
0.3 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
Net Income |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Basic EPS Including ExtraOrdinary Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Diluted Net Income |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
Diluted Weighted Average Shares |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Diluted EPS Including ExtraOrd Items |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
DPS-Common Stock |
- |
0.00 |
0.00 |
0.00 |
0.28 |
|
Gross Dividends - Common Stock |
- |
0.0 |
0.0 |
0.0 |
21.2 |
|
Normalized Income Before Taxes |
75.2 |
59.1 |
63.5 |
34.2 |
44.1 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
14.2 |
5.4 |
4.1 |
3.4 |
2.6 |
|
Normalized Income After Taxes |
61.0 |
53.7 |
59.4 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
61.1 |
54.1 |
59.7 |
30.8 |
41.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Diluted Normalized EPS |
0.82 |
0.72 |
0.80 |
0.41 |
0.55 |
|
Depreciation |
5.7 |
7.9 |
8.1 |
7.1 |
7.8 |
Annual
Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate |
0.709 |
0.7082 |
0.70775 |
0.70875 |
0.70875 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash on Hands and at Banks |
158.2 |
131.0 |
263.3 |
243.8 |
62.4 |
|
Retained Fund |
- |
- |
0.0 |
- |
0.0 |
|
Accounts Receivable |
112.9 |
125.2 |
85.0 |
159.8 |
74.8 |
|
Prov. for Doubtful Debts |
-32.8 |
-32.8 |
-32.9 |
-32.1 |
-31.6 |
|
Other Receivable |
43.3 |
44.1 |
46.8 |
40.2 |
38.5 |
|
Prepaid Expense |
10.5 |
2.6 |
- |
- |
- |
|
Finished Goods |
60.0 |
44.0 |
41.4 |
51.2 |
26.2 |
|
Goods Under Progress |
57.4 |
27.8 |
35.5 |
9.7 |
4.4 |
|
Raw Materials |
66.5 |
37.0 |
22.0 |
11.6 |
16.5 |
|
Spare Parts and Supplies |
53.1 |
47.0 |
44.1 |
36.6 |
33.8 |
|
Investments |
0.3 |
0.4 |
0.3 |
0.4 |
0.4 |
|
Loans Receivables |
2.1 |
2.6 |
- |
1.5 |
- |
|
Total Current Assets |
531.6 |
428.8 |
505.6 |
522.6 |
225.4 |
|
|
|
|
|
|
|
|
Spare Parts Strategic Inventories |
40.1 |
43.5 |
38.0 |
25.9 |
27.7 |
|
Payments on Pre-Stripped Over Burden |
0.0 |
0.5 |
1.1 |
3.8 |
1.0 |
|
Loans Receivable |
0.6 |
0.0 |
- |
- |
- |
|
Employee's Housing Loans |
4.4 |
5.4 |
4.8 |
3.5 |
3.7 |
|
Financial Assets at FVTPL |
0.9 |
0.0 |
- |
- |
- |
|
Financial Assets AFS |
0.0 |
9.7 |
9.6 |
7.3 |
1.2 |
|
Invs. in Associates |
160.6 |
64.5 |
58.6 |
57.1 |
44.7 |
|
Project in Progress |
256.9 |
115.8 |
32.4 |
24.3 |
4.1 |
|
Goodwill, Net |
30.8 |
30.8 |
30.8 |
30.8 |
30.8 |
|
Deferred Tax Assets |
12.2 |
0.0 |
- |
0.0 |
2.8 |
|
Lands |
1.8 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Buildings |
172.7 |
149.8 |
134.9 |
92.0 |
90.1 |
|
Roads and yards |
17.4 |
15.1 |
9.2 |
9.2 |
8.8 |
|
Tools and Equipment |
549.7 |
548.0 |
445.3 |
443.3 |
441.2 |
|
Water Infrastructure |
50.1 |
47.3 |
32.0 |
31.8 |
32.4 |
|
Electricity Network |
- |
- |
14.2 |
14.7 |
14.3 |
|
Office Furniture |
7.0 |
6.2 |
5.5 |
5.4 |
4.8 |
|
Medical Equipment |
1.3 |
1.3 |
1.2 |
1.1 |
1.1 |
|
Communication Equipment |
1.9 |
1.9 |
1.9 |
1.9 |
2.0 |
|
Computers |
4.9 |
4.1 |
3.9 |
3.9 |
3.5 |
|
Vehicles |
16.6 |
15.2 |
13.9 |
13.7 |
9.9 |
|
Spare Parts |
24.9 |
17.2 |
16.0 |
15.6 |
14.6 |
|
Software |
2.7 |
2.7 |
2.7 |
2.7 |
2.7 |
|
Depreciation |
-603.3 |
-577.4 |
-551.1 |
-534.2 |
-518.3 |
|
Total Assets |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
Current Portion of LT Bonds |
- |
- |
- |
- |
0.0 |
|
Accounts Payables |
35.7 |
33.2 |
28.0 |
23.7 |
15.2 |
|
Accrued Expenses |
44.1 |
26.7 |
23.4 |
14.7 |
23.1 |
|
Other Payables |
18.9 |
24.1 |
20.9 |
24.0 |
15.6 |
|
Due to Banks |
23.1 |
17.1 |
1.0 |
6.8 |
6.2 |
|
Provision for Employees Incentive & Pens |
40.9 |
0.0 |
- |
- |
- |
|
Current Portion of LT Loans |
21.4 |
5.7 |
9.1 |
17.4 |
18.6 |
|
Prov. for Income Tax |
36.3 |
6.1 |
17.1 |
35.7 |
3.0 |
|
Total Current Liabilities |
220.3 |
112.9 |
99.5 |
122.4 |
81.7 |
|
|
|
|
|
|
|
|
Long Terms Loans |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
Total Long Term Debt |
47.1 |
31.8 |
16.6 |
27.3 |
44.9 |
|
|
|
|
|
|
|
|
Reserve of End of Service Idemnity |
57.6 |
18.7 |
16.8 |
21.9 |
28.0 |
|
Employees Benefit Obligation Early Reter |
6.0 |
8.3 |
11.0 |
17.5 |
21.5 |
|
Deferred Tax |
- |
- |
0.0 |
0.0 |
0.0 |
|
Minority Interest |
12.0 |
0.0 |
- |
- |
- |
|
Total Liabilities |
343.1 |
171.7 |
143.9 |
189.0 |
176.0 |
|
|
|
|
|
|
|
|
Issued and Paid in Capital |
105.8 |
105.9 |
106.0 |
105.8 |
105.8 |
|
Statutory Reserve |
105.8 |
105.9 |
94.7 |
86.9 |
67.2 |
|
Voluntary Reserve |
105.8 |
92.8 |
80.8 |
65.3 |
25.8 |
|
Special Reserve |
105.8 |
80.3 |
68.3 |
52.8 |
13.3 |
|
Change in Fair Value of Invst. |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Retained Earning |
519.8 |
374.4 |
317.8 |
277.5 |
60.8 |
|
Total Equity |
942.9 |
759.2 |
667.5 |
588.5 |
273.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,285.9 |
931.0 |
811.4 |
777.6 |
449.1 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Total Common Shares Outstanding |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Full-Time Employees |
- |
- |
3,811 |
- |
- |
|
LT Debt Within 1 Year |
21.4 |
5.7 |
5.6 |
8.7 |
18.6 |
|
LT Debt Within 2 Years |
19.9 |
21.5 |
5.6 |
5.4 |
- |
|
LT Debt Within 3 Years |
17.5 |
8.6 |
5.6 |
5.6 |
- |
|
LT Debt Remaining Maturities |
9.7 |
1.7 |
5.4 |
7.7 |
- |
|
Total Long Term Debt, Supplemental |
68.5 |
37.5 |
22.3 |
27.3 |
18.6 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate |
0.709 |
0.70855 |
0.70875 |
0.7095 |
0.7082 |
|
|
|
|
|
|
|
|
Inventories |
184.0 |
137.4 |
148.9 |
144.7 |
108.8 |
|
Spare Parts and Supplies |
53.1 |
51.8 |
50.4 |
45.6 |
47.0 |
|
Accounts Receivable |
80.1 |
90.2 |
99.5 |
69.3 |
92.4 |
|
Other Receivable |
53.8 |
43.9 |
54.5 |
65.1 |
46.7 |
|
Finanacial Assets at Fair Value |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Loans Receivables |
2.1 |
2.1 |
0.0 |
2.6 |
2.6 |
|
Cash on Hands and at Banks |
158.2 |
161.2 |
157.1 |
146.1 |
131.0 |
|
Total Current Assets |
531.6 |
486.9 |
510.8 |
473.8 |
428.8 |
|
|
|
|
|
|
|
|
Fixed Assets |
247.9 |
245.5 |
250.6 |
232.8 |
232.2 |
|
Project in Progress |
256.9 |
207.5 |
165.1 |
132.9 |
115.8 |
|
Employee's Housing Loans |
4.4 |
5.2 |
5.4 |
5.2 |
5.4 |
|
Invs. in Associates |
160.6 |
142.5 |
127.3 |
97.5 |
64.5 |
|
Goodwill, Net |
30.8 |
30.8 |
30.8 |
30.7 |
30.8 |
|
Payments on Pre-Stripped Over Burden |
0.0 |
0.1 |
0.2 |
0.3 |
0.5 |
|
Financial Assets/Investment AFS |
0.0 |
0.0 |
0.0 |
0.0 |
9.7 |
|
Investments at FV |
- |
- |
- |
9.6 |
- |
|
Financial Assets at FV |
0.9 |
0.9 |
0.9 |
- |
0.0 |
|
Loan Receivable - Long Term |
0.6 |
0.6 |
0.6 |
- |
0.0 |
|
Spare Parts Strategic Inventories |
40.1 |
39.2 |
37.9 |
39.8 |
43.5 |
|
Deferrred Tax Assets |
12.2 |
- |
- |
- |
0.0 |
|
Total Assets |
1,285.9 |
1,159.1 |
1,129.7 |
1,022.7 |
931.0 |
|
|
|
|
|
|
|
|
Accounts Payables |
35.7 |
43.1 |
73.9 |
43.5 |
33.2 |
|
Accrued Expenses |
44.1 |
24.3 |
27.7 |
47.2 |
26.7 |
|
Other Payables |
18.9 |
17.9 |
20.1 |
25.9 |
24.1 |
|
Due to Banks |
23.1 |
38.4 |
43.6 |
39.0 |
17.1 |
|
Provision for Employees Incentive & Pens |
40.9 |
- |
- |
- |
0.0 |
|
Current Portion of LT Loans |
21.4 |
5.7 |
15.7 |
8.2 |
5.7 |
|
Prov. for Income Tax |
36.3 |
13.7 |
10.2 |
9.2 |
6.1 |
|
Total Current Liabilities |
220.3 |
143.2 |
191.1 |
173.0 |
112.9 |
|
|
|
|
|
|
|
|
Long Terms Loans |
47.1 |
50.6 |
45.8 |
34.5 |
31.8 |
|
Total Long Term Debt |
47.1 |
50.6 |
45.8 |
34.5 |
31.8 |
|
|
|
|
|
|
|
|
Reserve of End of Service Idemnity |
57.6 |
64.5 |
45.3 |
19.1 |
18.7 |
|
Employees Benefit Obligation Early Reter |
6.0 |
6.5 |
7.1 |
7.7 |
8.3 |
|
Minority Interest |
12.0 |
12.1 |
12.5 |
- |
0.0 |
|
Total Liabilities |
343.1 |
276.8 |
301.8 |
234.2 |
171.7 |
|
|
|
|
|
|
|
|
Issued and Paid in Capital |
105.8 |
105.8 |
105.8 |
105.7 |
105.9 |
|
Statutory Reserve |
105.8 |
105.8 |
105.8 |
105.7 |
105.9 |
|
Voluntary Reserve |
105.8 |
92.7 |
92.7 |
92.6 |
92.8 |
|
Special Reserve |
105.8 |
80.2 |
80.2 |
80.1 |
80.3 |
|
Change in Fair Value of Invst. |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earning |
519.8 |
497.6 |
443.4 |
404.4 |
374.4 |
|
Total Equity |
942.9 |
882.3 |
827.9 |
788.5 |
759.2 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
1,285.9 |
1,159.1 |
1,129.7 |
1,022.7 |
931.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
|
Total Common Shares Outstanding |
75.0 |
75.0 |
75.0 |
75.0 |
75.0 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708147 |
0.70834 |
0.708217 |
0.708426 |
|
Auditor |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
Ernst &
Young LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
232.0 |
119.4 |
148.7 |
384.8 |
64.9 |
|
Depreciation |
28.7 |
27.3 |
18.4 |
18.4 |
17.2 |
|
Expenses, Other Changes & Non Cash Reven |
131.4 |
-10.9 |
10.3 |
27.2 |
28.0 |
|
Account Receivable |
14.1 |
-40.2 |
74.9 |
-85.1 |
15.7 |
|
Other Current Assets |
-7.2 |
1.1 |
-6.5 |
-1.7 |
-6.0 |
|
Employee Housing Loans |
0.0 |
-1.4 |
-2.1 |
0.0 |
-1.4 |
|
Inventory |
-70.9 |
20.8 |
-26.3 |
-25.5 |
-4.1 |
|
Spare Parts and Supplies |
-5.5 |
-8.9 |
-19.5 |
-6.4 |
-9.2 |
|
Payments on Pre-Stripped Burden |
0.0 |
-1.3 |
-1.0 |
-6.9 |
-3.1 |
|
Accounts Payables |
2.1 |
-27.8 |
4.2 |
8.6 |
-0.5 |
|
Accrued Expenses |
18.4 |
1.1 |
8.4 |
-8.2 |
4.7 |
|
Other Payables |
-73.1 |
-6.7 |
-3.6 |
8.9 |
2.1 |
|
Reserve for End of Service |
-6.0 |
-0.4 |
-7.6 |
-8.6 |
-3.6 |
|
Mining Fees Paid |
-15.8 |
-10.7 |
-10.1 |
-12.0 |
-12.2 |
|
Early Retirement Paid |
-2.7 |
-3.3 |
-3.7 |
-6.3 |
-6.3 |
|
Income Tax Paid |
-9.0 |
-17.1 |
-36.2 |
-12.4 |
-0.7 |
|
Cash from Operating Activities |
236.5 |
40.9 |
148.2 |
274.8 |
85.5 |
|
|
|
|
|
|
|
|
Investments AFS |
- |
0.0 |
-2.4 |
-6.2 |
-0.1 |
|
Fixed Assets and Projects in Progress ] |
-171.1 |
-102.0 |
-54.7 |
-33.0 |
-10.0 |
|
Proceed from Indo-Jordan Loan |
-0.1 |
-2.6 |
1.5 |
-1.5 |
0.0 |
|
Investment in Associates |
-70.8 |
-27.0 |
-0.4 |
-12.7 |
-0.4 |
|
Dividends Income |
5.5 |
4.2 |
1.8 |
2.8 |
2.2 |
|
Ownership of an Affiliate |
16.0 |
-55.8 |
- |
- |
- |
|
Interest Received |
4.4 |
5.3 |
5.0 |
0.9 |
1.6 |
|
Retained Fund |
- |
- |
- |
0.0 |
40.7 |
|
Cash from Investing Activities |
-216.1 |
-178.0 |
-49.1 |
-49.6 |
34.0 |
|
|
|
|
|
|
|
|
Proceeds from Loans |
46.4 |
20.4 |
- |
0.0 |
40.2 |
|
Repayments of Loans |
-15.4 |
-12.5 |
-18.6 |
-18.7 |
-15.0 |
|
Repayments of Notes/ Bonds |
- |
- |
- |
0.0 |
-80.5 |
|
Finance Cost Paid |
-3.4 |
-3.4 |
-3.0 |
-4.6 |
-8.1 |
|
Dividend Paid |
-26.7 |
-15.6 |
-52.6 |
-21.0 |
-10.5 |
|
Cash from Financing Activities |
0.9 |
-11.2 |
-74.1 |
-44.2 |
-73.8 |
|
|
|
|
|
|
|
|
Net Change in Cash |
21.3 |
-148.2 |
25.0 |
180.9 |
45.6 |
|
|
|
|
|
|
|
|
Net-Cash Begining Balance |
113.9 |
262.2 |
237.1 |
56.3 |
10.7 |
|
Net- Cash Ending Balance |
135.2 |
113.9 |
262.1 |
237.2 |
56.3 |
|
Cash Interest Paid |
- |
- |
3.0 |
4.6 |
8.1 |
|
Cash Taxes Paid |
9.0 |
17.1 |
36.2 |
12.4 |
0.7 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
|
Period Length |
12 Months |
9 Months |
6 Months |
3 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
JOD |
JOD |
JOD |
JOD |
JOD |
|
Exchange Rate
(Period Average) |
0.708596 |
0.708484 |
0.70849 |
0.708311 |
0.708147 |
|
|
|
|
|
|
|
|
Net Income |
232.0 |
156.8 |
97.7 |
34.2 |
119.4 |
|
Depreciation |
28.7 |
23.0 |
15.1 |
7.1 |
27.3 |
|
Expenses, Other Changes & Non Cash Reven |
131.4 |
62.5 |
16.6 |
4.1 |
-10.9 |
|
Account Receivable |
14.1 |
4.1 |
-5.3 |
22.9 |
-40.2 |
|
Other Current Assets |
-7.2 |
3.3 |
-7.9 |
-18.6 |
1.1 |
|
Employee Housing Loans |
0.0 |
-0.5 |
0.0 |
0.0 |
-1.4 |
|
Inventory |
-70.9 |
-27.4 |
-36.4 |
-31.3 |
20.8 |
|
Spare Parts and Supplies |
-5.5 |
- |
- |
- |
-8.9 |
|
Payments on Pre-Stripped Burden |
0.0 |
- |
- |
- |
-1.3 |
|
Accounts Payables |
2.1 |
9.5 |
40.3 |
10.4 |
-27.8 |
|
Accrued Expenses |
18.4 |
-0.3 |
1.1 |
21.5 |
1.1 |
|
Other Payables |
-73.1 |
-39.1 |
-15.6 |
1.9 |
-6.7 |
|
Reserve for End of Service |
-6.0 |
-5.7 |
-2.9 |
-0.2 |
-0.4 |
|
Mining Fees Paid |
-15.8 |
-13.3 |
-7.5 |
-4.8 |
-10.7 |
|
Early Retirement Paid |
-2.7 |
-2.1 |
-1.4 |
-0.7 |
-3.3 |
|
Income Tax Paid |
-9.0 |
-5.2 |
-3.3 |
-0.3 |
-17.1 |
|
External Expenses Tax Paid |
- |
-0.5 |
-0.3 |
-0.1 |
- |
|
Cash from Operating Activities |
236.5 |
165.1 |
90.1 |
46.0 |
40.9 |
|
|
|
|
|
|
|
|
Investments |
- |
- |
- |
- |
0.0 |
|
Purchase of Investments in Affiliate |
-70.8 |
-57.2 |
-43.7 |
-32.6 |
-27.0 |
|
Fixed Assets and Projects in Progress |
-171.1 |
-113.2 |
-68.2 |
-25.6 |
-102.0 |
|
Interest Received |
4.4 |
3.2 |
2.2 |
1.1 |
5.3 |
|
Other Affiliate Company Owned |
- |
16.0 |
16.0 |
- |
- |
|
Retained Fund |
- |
- |
- |
0.0 |
- |
|
Proceeds from Indo Jordan |
-0.1 |
-0.1 |
2.0 |
0.0 |
-2.6 |
|
Ownership of an Affiliate |
16.0 |
- |
- |
- |
-55.8 |
|
Dividend Received from Associates |
5.5 |
5.5 |
5.5 |
0.0 |
4.2 |
|
Cash from Investing Activities |
-216.1 |
-145.9 |
-86.2 |
-57.1 |
-178.0 |
|
|
|
|
|
|
|
|
Due to Banks |
- |
- |
26.6 |
- |
- |
|
Issuance of Loans |
46.4 |
32.6 |
- |
5.9 |
20.4 |
|
Repayments of Loans |
-15.4 |
-13.9 |
-2.7 |
-0.7 |
-12.5 |
|
Dividends Paid |
-26.7 |
-26.5 |
-26.4 |
-0.1 |
-15.6 |
|
Finance Paid |
-3.4 |
-2.4 |
-1.8 |
-0.6 |
-3.4 |
|
Cash from Financing Activities |
0.9 |
-10.3 |
-4.2 |
4.5 |
-11.2 |
|
|
|
|
|
|
|
|
Net Change in Cash |
21.3 |
8.9 |
-0.3 |
-6.6 |
-148.2 |
|
|
|
|
|
|
|
|
Net-Cash Begining Balance |
113.9 |
113.9 |
113.9 |
113.9 |
262.2 |
|
Net- Cash Ending Balance |
135.2 |
122.8 |
113.6 |
107.3 |
113.9 |
|
Cash Taxes Paid |
9.0 |
5.7 |
3.3 |
0.4 |
17.1 |
Geographic Segments
Financials in: As Reported (mil)
|
Annual |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Geographic Segments
Financials in: As Reported (mil)
|
Interim |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments
Financials in: As Reported (mil)
|
Annual |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Segments
Financials in: As Reported (mil)
|
Interim |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
UK Pound |
1 |
Rs.86.61 |
|
Euro |
1 |
Rs.68.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.