Half-year Report

RNS Number : 0832Q

Hidong Estate PLC

24 November 2016

 

Hidong Estate PLC

(Incorporated in England)                                                                                                                                           

Interim report of shareholders for the half year ended

30 September 2016

The results for the half year ended 30 September 2016 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2016

	Half year ended	Half year ended	Year ended
	30 Sept 2016	30 Sept 2015	31 Mar 2016
	RM	RM	RM
Administrative expenses	(91,000)	(90,193)	(299,744)
Other income	-	-	4,620
Operating loss	(91,000)	(90,193)	(295,124)
Income from investments	29,266	27,612	34,067
Gain on disposal of investments	-	19,528	19,527
Interest receivable on short term bank deposits	186,321	165,309	404,845
Profit on ordinary activities before taxation	124,587	122,256	163,315
Tax on profit on ordinary activities	(44,717)	(30,821)	(113,238)
Retained profit for the period	79,870	91,435	50,077
Basic and diluted profit per 10p share	4.66 sen	5.33 sen	2.92 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2015 : 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

24 November 2016                                                                   Chairman

Hidong Estate PLC

(Incorporated in England)                                                                                                                                           

Balance sheet as at 30 September 2016

	As at	As at	As at
	30 Sept 2016	30 Sept 2015	31 Mar 2016
	RM	RM	RM
Fixed assets
Investments	1,074,173	1,080,860	1,070,883
Current assets
Other receivables	-	42,933	52,702
Cash and cash equivalents	10,822,696	10,714,841	10,707,751
	10,822,696	10,757,774	10,760,453
Current liabilities
Trade and other payables	(526,338)	(478,747)	(540,675)
	(526,338)	(478,747)	(540,675)
Net current assets	10,296,358	10,279,027	10,219,778
Net assets	11,370,531	11,359,887	11,290,661
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	259,310	287,178	259,310
Profit and loss account	10,043,375	10,004,863	9,963,505
Shareholders' Funds	11,370,531	11,359,887	11,290,661

These financial statements were approved by the Board of Directors on 24 November 2016.

CHEW SING GUAN                                       )

                                                                            )

                                                                            )    Directors                       

                                                                            )

CHEW BEOW SOON                                     )

Statement of Other Comprehensive Income for the half year ended 30 September 2016

	Half year ended	Half year ended	Year ended
	30 Sept 2016	30 Sept 2015	31 Mar 2016
	RM	RM	RM
Profit for the period	79,870	91,435	50,077
Other Comprehensive Income
Unrealised gains on investments	-	-	(27,868)
Total Other Comprehensive Income for the period	79,870	91,435	22,209

 

Hidong Estate PLC

(Incorporated in England)                                                                                                                                           

Cash flow statement for the half year ended 30 September 2016

	Half year ended	Half year ended	Year ended
	30 Sept 2016	30 Sept 2015	31 Mar 2016
	RM	RM	RM
Cash flows from operating activities
Profit for the year	79,870	91,435	50,077
Adjustments for:
Interest receivable on short term bank deposits	(186,321)	(165,309)	(404,845)
Gain on disposal of investments	-	(19,528)	(19,527)
Income from investments	(29,266)	(27,612)	(34,067)
Taxation	44,717	30,821	113,238
	(91,000)	(90,193)	(295,124)
(Decrease)/increase in trade and other payables	(15,724)	-	49,945
	(106,724)	(90,193)	(245,179)
Tax paid	(43,330)	(30,000)	(100,434)
Net cash from operating activities	(150,054)	(120,193)	(345,613)
Cash flows from investing activities
Dividend received	29,266	27,612	27,469
Interest received	239,023	165,309	395,076
Purchase of investments	(3,290)	(3,928)	(15,222)
Sale of investments	-	44,876	44,876
Net cash from investing activities	264,999	233,869	452,199
Cash flows from financing activities
Increase in short term deposits	-	(100,000)	(200,081)
Net cash from financing activities	-	(100,000)	(200,081)
Increase/(decrease) in cash	114,945	13,676	(93,495)
Cash and cash equivalents at 31 March 2016	10,822,696	10,714,841	10,707,751

 

END

 

 

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