Half Yearly Report

RNS Number : 0595D

Hidong Estate PLC

25 November 2009

 



Hidong

Estate

PLC

(Incorporated in England)                                    

Interim report of shareholders for the half year ended 

30 September 2009

The results for the half year ended 30 September 2009 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2009

	Half year ended	Half year ended	Year ended
	30 Sept 2009	30 Sept 2008	31 Mar 2009
	RM	RM	RM
Administrative expenses	(100,394)	(107,987)	(217,318)
Operating loss	(100,394)	(107,987)	(217,318)
Income from investments	9,780	6,105	13,580
Profit/(loss) on disposal of investments	89,070	-	(84,201)
Impairment of investments	-	(177,904)	(192,254)
Interest receivable on short term deposits	111,175	152,322	329,231
Profit/(loss) on ordinary activities before taxation	109,631	(127,464)	(150,962)
Tax on profit/(loss) on ordinary activities	(22,235)	-	(66,261)
Retained profit/(loss) for the period	87,396	(127,464)	(217,223)
Basic and diluted profit/(loss) per 10p share	5.10 sen	(7.44) sen	(12.68) sen

Notes:

• The Company recorded a profit before tax of RM109,631 for the six months' period ended 30 September 2009 (2008 : loss before tax of RM127,464). 

• The directors do not propose to pay any interim dividend (2008 : RM Nil).

• Copies of the Interim Report are available from the Company's registered office at 34 Beckenham Road, Beckenham, Kent, BR3,4TU England.

Penang                                                                        CHEW SING GUAN
25 November 2009                                                               Chairman

Hidong

Estate

PLC

(Incorporated in England)                                    

Balance sheet as at 30 September 2009

	As at	As at	As at
	30 Sept 2009	30 Sept 2008	31 Mar 2009
	RM	RM	RM
Fixed assets
Investments	499,720	569,500	545,100
Current Assets
Debtors	78,792	27,044	42,066
Cash at bank and in hand	10,233,816	10,072,305	9,994,780
	10,312,608	10,099,349	10,036,846
Current Liability
Creditors	(486,343)	(517,390)	(500,229)
	(486,343)	(517,390)	(500,229)
Net current assets	9,826,265	9,581,959	9,536,617
	10,325,985	10,151,459	10,081,717
Capital And Reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	176,889	9,083,613	20,017
Profit and loss account	9,081,250	9,083,613	8,993,854
Shareholders' Funds	10,325,985	10,151,459	10,081,717

These financial statements were approved by the Board of Directors on 25 November 2009.

CHEW SING GUAN                        )

                                                     )

                                                     ) Directors        

                                                     )

HAJI ZAMBRI BIN HAJI MAHMUD    )

Statement of total recognised gains and losses for the half year ended 30 September 2009

	Half year ended	Half year ended	Year ended
	30 Sept 2009	30 Sept 2008	31 Mar 2009
	RM	RM	RM
Profit/(loss) for the period	87,396	(127,464)	(217,223)
Unrealised gains on investments	170,542	-	20,017
Total recognised gains/(losses) for the period	257,938	(127,464)	(197,206)

Hidong

Estate

PLC

(Incorporated in England)                                    

Reconciliation of operating loss to net cash (outflow)/inflow from operating activities

	Half year ended	Half year ended	Year ended
	30 Sept 2009	30 Sept 2008	31 Mar 2009
	RM	RM	RM
Operating loss	(100,394)	(107,987)	(217,318)
(Increase)/decrease in debtors	(36,726)	458,445	443,423
(Decrease)/increase in creditors	(10,945)	(64,998)	(13,993)
Net cash (outflow)/inflow from operating activities	(148,065)	285,460	212,112

Cash flow statement for the half year ended 30 September 2009

	Half year ended	Half year ended	Year ended
	30 Sept 2009	30 Sept 2008	31 Mar 2009
	RM	RM	RM
NET CASH (OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES	(148,065)	285,460	212,112
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Dividend received	9,780	6,105	13,580
Interest received	111,175	152,322	329,231
TAXATION
Overseas tax paid	(25,176)	(32,902)	(167,329)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS
Purchase of investments	(24,478)	(747,404)	(889,132)
Sale of investments	315,800	-	87,594
NET CASH INFLOW/(OUTFLOW) BEFORE MANAGEMENT OF LIQUID RESOURCES	239,036	(336,419)	(413,944)
MANAGEMENT OF LIQUID RESOURCES
(Increase)/decrease in short term deposits	(200,000)	180,000	330,000
INCREASE/(DECREASE) IN CASH	39,036	(156,419)	(83,944)

 

END

 

 

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