Half Yearly Report

RNS Number : 9993R

Hidong Estate PLC

26 November 2012

 



Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Interim report of shareholders for the half year ended

30 September 2012

The results for the half year ended 30 September 2012 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2012

	Half year ended	Half year ended	Year ended
	30 Sept 2012	30 Sept 2011	31 Mar 2012
	RM	RM	RM
Administrative expenses	(77,183)	(79,515)	(151,382)
Operating loss	(77,183)	(79,515)	(151,382)
Income from investments	35,717	21,033	29,469
Gain on disposal of investments	-	40,935	40,935
Impairment of investments	-	-	(11,440)
Interest receivable on short term bank deposits	149,669	117,327	311,338
Profit on ordinary activities before taxation	108,203	99,780	218,920
Tax on profit on ordinary activities	(29,934)	(18,638)	(64,530)
Retained profit for the period	78,269	81,142	154,390
Basic and diluted profit per 10p share	4.57 sen	4.74 sen	9.01 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2011 : RM Nil).

2.   Copies of the Interim Report are available from the Company's registered office at Neville House 18 Laurel Lane Halesowen West Midlands B63 3DA.

Penang                                                                         CHEW SING GUAN

26 November 2012                                                                  Chairman

Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Balance sheet as at 30 September 2012

	As at	As at	As at
	30 Sept 2012	30 Sept 2011	31 Mar 2012
	RM	RM	RM
Fixed assets
Investments	1,161,581	1,049,503	1,335,965
Current Assets
Debtors	41,529	6,457	40,281
Cash at bank and in hand	9,754,050	9,689,286	9,721,220
	9,795,579	9,695,743	9,761,501
Current Liability
Creditors	(422,475)	(423,764)	(466,666)
	(422,475)	(423,764)	(466,666)
Net current assets	9,373,104	9,271,979	9,294,835
Net assets	10,534,685	10,321,482	10,630,800
Capital And Reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	52,051	(9,635)	226,435
Profit and loss account	9,414,788	9,263,271	9,336,519
Shareholders' Funds	10,534,685	10,321,482	10,630,800

These financial statements were approved by the Board of Directors on 26 November 2012.

CHEW SING GUAN                               )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                            )

Statement of total recognised gains and losses for the half year ended 30 September 2012

	Half year ended	Half year ended	Year ended
	30 Sept 2012	30 Sept 2011	31 Mar 2012
	RM	RM	RM
Profit for the period	78,270	81,142	154,390
Unrealised losses on investments	(174,384)	(288,195)	(52,125)
Total recognised (losses)/gains for the period	(96,114)	(207,053)	102,265

Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Reconciliation of operating loss to net cash outflow from operating activities

	Half year ended	Half year ended	Year ended
	30 Sept 2012	30 Sept 2011	31 Mar 2012
	RM	RM	RM
Operating loss	(77,183)	(79,515)	(151,382)
Decrease in debtors	-	24,324	-
(Decrease)/increase in creditors	(45,375)	(31,974)	9,210
Net cash outflow from operating activities	(122,558)	(87,165)	(142,172)

Cash flow statement for the half year ended 30 September 2012

	Half year ended	Half year ended	Year ended
	30 Sept 2012	30 Sept 2011	31 Mar 2012
	RM	RM	RM
NET CASH OUTFLOW FROM OPERATING ACTIVITIES	(122,558)	(87,165)	(142,172)
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Dividend received	35,717	21,033	29,469
Interest received	149,669	117,327	306,516
TAXATION
Overseas tax paid	(29,998)	(18,638)	(67,490)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS
Purchase of investments	-	(701,658)	(763,490)
Sale of investments	-	585,411	585,411
NET CASH INFLOW/(OUTFLOW) BEFORE MANAGEMENT OF LIQUID ESOURCES	32,830	(83,690)	(51,756)
MANAGEMENT OF LIQUID RESOURCES
(Increase)/decrease in short term deposits	(200,000)	200,000	200,000
(DECREASE)/INCREASE IN CASH	(167,170)	116,310	148,244

 

END

 

 

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