Half-year Report

RNS Number : 9649W

Hidong Estate PLC

20 November 2017

Hidong

Estate

PLC

Interim report of shareholders for the half year ended

30 September 2017

The results for the half year ended 30 September 2017 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2017

	Half year ended	Half year ended	Year ended
	30 Sept 2017	30 Sept 2016	31 Mar 2017
	RM	RM	RM

Administrative expenses	(60,370)	(91,000)	(201,209)

Operating loss	(60,370)	(91,000)	(201,209)
Income from investments	38,715	29,266	37,116
Gain on disposal of investments	23,671	-	10,016
Interest receivable and similar income	167,100	186,321	407,013
Profit on ordinary activities before taxation	169,116	124,587	252,936

Tax on profit on ordinary activities	(40,104)	(44,717)	(89,281)
Profit for the period	129,012	79,870	163,655
Basic and diluted profit per 10p share	7.53 sen	4.66 sen	9.55 sen

Notes:

1. The directors do not propose to pay any interim dividend (2016 : 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

20 November 2017 Chairman

Hidong

Estate

PLC

Balance sheet as at 30 September 2017

	As at	As at	As at
	30 Sept 2017	30 Sept 2016	31 Mar 2017
	RM	RM	RM
Fixed assets
Investments	1,096,107	1,074,173	1,141,457

Current assets
Debtors	-	-	25,547
Deposits	10,700,000	10,600,081	10,700,081
Cash at bank and in hand	238,335	222,615	146,191
	10,938,335	10,822,696	10,871,819
Current liabilities
Creditors : amount falling due within one year	(381,634)	(526,338)	(489,480)
	(381,634)	(526,338)	(489,480)

Net current assets	10,556,701	10,296,358	10,382,339

Net assets	11,652,808	11,370,531	11,523,796

Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	328,790	259,310	328,790
Profit and loss account	10,256,172	10,043,375	10,127,160

Shareholders' Funds	11,652,808	11,370,531	11,523,796

These financial statements were approved by the Board of Directors on 20 November 2017.

CHEW SING GUAN )

)

) Directors

)

CHEW BEOW SOON )

Statement of Other Comprehensive Income for the half year ended 30 September 2017

	Half year ended	Half year ended	Year ended
	30 Sept 2017	30 Sept 2016	31 Mar 2017
	RM	RM	RM
Profit for the period	129,012	79,870	163,655

Other Comprehensive Income
Unrealised gains on investments	-	-	69,480
Total Comprehensive Income for the period	129,012	79,870	233,135

Hidong

Estate

PLC

Cash flow statement for the half year ended 30 September 2017

	Half year ended	Half year ended	Year ended
	30 Sept 2017	30 Sept 2016	31 Mar 2017
	RM	RM	RM
Cash flows from operating activities
Profit for the period	129,012	79,870	163,655
Adjustments for:
Interest receivable and similar income	(167,100)	(186,321)	(407,013)
Gain on disposal of investments	(23,671)	-	(10,016)
Income from investments	(38,715)	(29,266)	(37,116)
Taxation	40,104	44,717	89,281
	(60,370)	(91,000)	(201,209)
Decrease in other creditors	(103,775)	(15,724)	(44,845)
	(164,145)	(106,724)	(246,054)
Tax paid	(44,174)	(43,330)	(95,631)
Net cash used in operating activities	(208,319)	(150,054)	(341,685)
Cash flows from investing activities
Dividend received	38,715	29,266	31,572
Interest received	192,645	239,023	434,169
Purchase of investments	(3,168)	(3,290)	-
Sale of investments	72,190	-	14,465
Decrease/(increase) in deposits	81	-	(100,000)
Net cash from investing activities	300,463	264,999	380,206
Cash flows from financing activities	-	-	-
Net increase in cash and cash equivalents	92,144	114,945	38,521
Cash and cash equivalents at 1 April	146,191	107,670	107,670
Cash and cash equivalents at 30September/31 March	238,335	222,615	146,191