Half-year Report

RNS Number : 1879D

Hidong Estate PLC

26 October 2020

 

Hidong

Estate

PLC

Interim report of shareholders for the half year ended

30 September 2020

The results for the half year ended 30 September 2020 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2020

	Half year ended	Half year ended	Year ended
	30 Sept 2020	30 Sept 2019	31 Mar 2020
	RM	RM	RM
Administrative expenses	(42,898)	(54,667)	(240,489)
Operating loss	(42,898)	(54,667)	(240,489)
Income from investments	15,559	21,160	40,992
Interest receivable and similar income	166,926	165,020	443,586
Profit on ordinary activities before taxation	139,587	131,513	244,089
Tax on profit on ordinary activities	(40,062)	(39,605)	239,438
Profit for the period	99,525	91,908	483,527
Basic and diluted profit per 10p share	5.81 sen	5.36 sen	28.22 sen

Notes:

1.  The directors do not propose to pay any interim dividend (2019 : 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

26 October 2020   Chairman

Hidong

Estate

PLC

Balance sheet as at 30 September 2020

	As at	As at	As at
	30 Sept 2020	30 Sept 2019	31 Mar 2020
	RM	RM	RM
Fixed assets
Investments	939,244	1,164,387	939,244
Current assets
Accrued interest income	98,866	19,313	103,753
Deposits	10,950,000	10,950,000	10,950,000
Cash at bank and in hand	132,164	95,153	126,035
	11,181,030	11,064,466	11,179,788
Current liabilities
Creditors : amount falling due within one year	(13,725)	(341,287)	(112,008)
	(13,725)	(341,287)	(112,008)
Net current assets	11,167,305	10,723,179	11,067,780
Net assets	12,106,549	11,887,566	12,007,024
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	34,823	306,984	34,823
Profit and loss reserve	11,003,880	10,512,736	10,904,355
Shareholders' funds	12,106,549	11,887,566	12,007,024

These financial statements were approved by the Board of Directors on 26 October 2020.

CHEW SING GUAN                            )

  )

  )  Directors 

  )

CHEW BEOW SOON                         )

Hidong

Estate

PLC

Statement of Other Comprehensive Income for the half year ended 30 September 2020

	Half year ended	Half year ended	Year ended
	30 Sept 2020	30 Sept 2019	31 Mar 2020
	RM	RM	RM
Profit for the period	99,525	91,908	483,527
Other Comprehensive Income
Unrealised loss on investments	-	-	(272,161)
Change in fair value during the period on disposal of investments	-	-	-
Total Comprehensive Income for the period	99,525	91,908	211,366

 

Hidong

Estate

PLC

Statement of cash flows for the half year ended 30 September 2020

	Half year ended	Half year ended	Year ended
	30 Sept 2020	30 Sept 2019	31 Mar 2020
	RM	RM	RM
Cash flows from operating activities
Profit for the period	99,525	91,908	483,527
Adjustments for:
Interest receivable and similar income	(166,926)	(165,020)	(443,586)
Income from investments	(15,559)	(21,160)	(40,992)
Taxation	40,062	39,605	239,438
	(42,898)	(54,667)	(240,489)
(Decrease)/increase in other creditors	(100,845)	(96,000)	4,870
	(143,743)	(150,667)	(235,619)
Tax paid	(37,500)	(118,949)	(170,055)
Net cash used in operating activities	(181,243)	(269,616)	(405,674)
Cash flows from investing activities
Dividend received	15,559	21,160	40,992
Interest received	171,813	165,020	359,146
Purchase of investments	-	(2,592)	(49,610)
Decrease in deposits	-	50,000	50,000
Net cash from investing activities	187,372	233,588	400,528
Cash flows from financing activities	-	-	-
Net increase/(decrease) in cash and cash equivalents	6,129	(36,028)	(5,146)
Cash and cash equivalents at 1 April	126,035	131,181	131,181
Cash and cash equivalents at  30September/31 March	132,164	95,153	126,035

 

END

 

 

IR FEUFSMESSEFS