Half-year Report

RNS Number : 1713R

Hidong Estate PLC

25 October 2019

 

Hidong

Estate

PLC

Interim report of shareholders for the half year ended

30 September 2019

The results for the half year ended 30 September 2019 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2019

	Half year ended	Half year ended	Year ended
	30 Sept 2019	30 Sept 2018	31 Mar 2019
	RM	RM	RM
Administrative expenses	(54,667)	(78,883)	(245,790)
Operating loss	(54,667)	(78,883)	(245,790)
Income from investments	21,160	34,172	54,297
Interest receivable and similar income	165,020	153,716	388,628
Profit on ordinary activities before taxation	131,513	109,005	197,135
Tax on profit on ordinary activities	(39,605)	(36,892)	(88,607)
Profit for the period	91,908	72,113	108,528
Basic and diluted profit per 10p share	5.36 sen	4.20 sen	6.33 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2018 : RM Nil).

2.   Copies of the Interim Report are available from the Company's registered office at Neville House Steelpark Road, Halesowen, West Midlands B62 8HD.

Penang                                                                         CHEW SING GUAN

25 October 2019                                                            Chairman

Hidong

Estate

PLC

Balance sheet as at 30 September 2019

	As at	As at	As at
	30 Sept 2019	30 Sept 2018	31 Mar 2019
	RM	RM	RM
Fixed assets
Investments	1,164,387	1,286,452	1,161,795
Current assets
Debtors	19,313	-	19,313
Deposits	10,950,000	10,900,000	11,000,000
Cash at bank and in hand	95,153	76,065	131,181
	11,064,466	10,976,065	10,150,494
Current liabilities
Creditors : amount falling due within one year	(341,287)	(416,924)	(516,631)
	(341,287)	(416,924)	(516,631)
Net current assets	10,723,179	10,559,141	10,633,863
Net assets	11,887,566	11,845,593	11,795,658
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	306,984	403,228	306,984
Profit and loss reserve	10,512,736	10,374,519	10,420,828
Shareholders' Funds	11,887,566	11,845,593	11,795,658

These financial statements were approved by the Board of Directors on 25 October 2019.

CHEW SING GUAN                            )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                         )

Hidong

Estate

PLC

Statement of Other Comprehensive Income for the half year ended 30 September 2019

	Half year ended	Half year ended	Year ended
	30 Sept 2019	30 Sept 2018	31 Mar 2019
	RM	RM	RM
Profit for the period	91,908	72,113	108,528
Other Comprehensive Income
Unrealised loss on investments	-	-	(88,493)
Change in fair value during the period on disposal of investments	-	-	2,143
Total Comprehensive Income for the period	91,908	72,113	22,178

 

Hidong

Estate

PLC

Cash flow statement for the half year ended 30 September 2019

	Half year ended	Half year ended	Year ended
	30 Sept 2019	30 Sept 2018	31 Mar 2019
	RM	RM	RM
Cash flows from operating activities
Profit for the period	91,908	72,113	108,528
Adjustments for:
Interest receivable and similar income	(165,020)	(153,716)	(388,628)
Income from investments	(21,160)	(34,172)	(54,297)
Impairment loss on investments	-	-	23,019
Taxation	39,605	36,892	88,607
	(54,667)	(78,883)	(222,771)
(Decrease)/increase in other creditors	(96,000)	(83,000)	13,000
	(150,667)	(161,883)	(209,771)
Tax paid	(118,949)	(37,500)	(85,508)
Net cash used in operating activities	(269,616)	(199,383)	(295,279)
Cash flows from investing activities
Dividend received	21,160	34,172	54,297
Interest received	165,020	259,244	474,842
Purchase of investments	(2,592)	-	(1,505)
Sale of investments	-	-	16,794
Decrease/(increase) in deposits	50,000	(200,000)	(300,000)
Net cash from investing activities	233,588	93,416	244,428
Cash flows from financing activities	-	-	-
Net decrease in cash and cash equivalents	(36,028)	(105,967)	(50,851)
Cash and cash equivalents at 1 April	131,181	182,032	182,032
Cash and cash equivalents at                       30September/31 March	95,153	76,065	131,181

 

END

 

 

IR FEDSUIFUSEES