ZaraAnnual-English2011

Board of Directors’ Report Annual Report 2011
Following are the key indicators of the Company’s hotels for 2011 compared with those for 2010:
Hotel
Number of
Rooms
Occupancy % Average Room Operating Revenues JD
Rate JD
2011 2010 2011 2010 2011 2010
450 56 66 118 126 19,337,205 18,484,409
316 49 63 122 124 12,618,939 16,547,340
Hyatt Tower 90 84 70 135 133 1,954,963 1,695,439
362 55 68 123 127 16,361,557 20,851,125
332 61 59 84 89 8,530,147 8,999,867
14.
Jerash - one of the most complete and best-preserved cities of the Roman province of Arabia, situated in the biblical
land of Gilead. 60 minutes away from the Grand Hyatt Amman Hotel and InterContinental Jordan.
Analysis of Company’s financial position and results of operations during fiscal year 2011 - 2010:
183 56 68 108 118 6,806,463 9,307,544
No.
Description
2011 %
2010 %
92 21 59 71 83 778,722 2,604,212
1
2
Return on Investments
Return on Equity
-0.40
-0.64
3.36
5.51
306 61 57 92 90 10,912,902 10,031,567
3
4
Return on Paid-in Capital
Profit Margin
-0.86
-1.37
7.52
10.48
Total 2,131 55 63 107 113 77,300,898 88,521,503
5
Earnings before Taxes (EBT) to Operating Revenues
-0.64
11.95
6
7
8
9
10
11
12
13
14
15
16
Ownership Ratio
Equity to Loans
Loans to Assets
Property and Equipment to Equity
Current Liability to total assets
Liabilities to Total Assets
Liabilities to Equity
Current Liabilities to Equity
Long-term Loans to Equity
Operating Revenues to Equity
Operating Revenues to Assets
61.38
182.24
33.68
130.27
14.38
38.62
62.91
23.42
39.35
46.97
28.83
60.92
184.83
32.96
130.64
11.13
39.08
64.16
18.27
45.74
52.61
32.05
1.
2.
3.
4.
5.
The consolidated statement of financial position of Zara indicates that the total assets as of 31/12/2011 totaled JD
271,189,060 compared with JD 279,856,071 as of 31/12/2010, representing a decline of 3.1%
The equity attributable to shareholders as of 31/12/2011 totaled JD 146,323,274 compared with JD 149,726,285 as of
31/12/2010 representing a decline of 2.3%
The consolidated income statement indicates that operating revenues for 2011 totaled JD 78,192,232 compared with JD
89,687,120 representing a decline of 12.8%
The consolidated expenses including administration, depreciation, and net finance expenses for 2011 totaled JD
23,266,722 compared with JD 21,936,508 representing an increase of 6.1% increase.
The consolidated net loss attributable to shareholders for 2011 totaled JD 867,718 compared with net profit JD 9,008,144
for 2010 representing a decline 0f 109.6%.
17
Current Ratio
62.36
81.07
40
41