Half Yearly Report

RNS Number : 7004S

Hidong Estate PLC

24 November 2011

 



Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Interim report of shareholders for the half year ended

30 September 2011

The results for the half year ended 30 September 2011 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2011

	Half year ended	Half year ended	Year ended
	30 Sept 2011	30 Sept 2010	31 Mar 2011
	RM	RM	RM
Administrative expenses	(79,515)	(111,441)	(156,053)
Operating loss	(79,515)	(111,441)	(156,053)
Income from investments	21,033	12,285	26,575
Gain on disposal of investments	40,935	18,828	18,828
Impairment of investments	-	-	(13,196)
Interest receivable on short term bank deposits	117,327	130,769	273,158
Profit on ordinary activities before taxation	99,780	50,441	149,312
Tax on profit on ordinary activities	(18,638)	(21,154)	(57,712)
Retained profit for the period	81,142	29,287	91,600
Basic and diluted profit per 10p share	4.74 sen	1.71 sen	5.35 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2010 : 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 2011                                                                  Chairman

Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Balance sheet as at 30 September 2011

	As at	As at	As at
	30 Sept 2011	30 Sept 2010	31 Mar 2011
	RM	RM	RM
Fixed assets
Investments	1,049,503	941,046	1,180,516
Current Assets
Debtors	6,457	44,151	30,781
Cash at bank and in hand	9,689,286	9,889,246	9,772,976
	9,695,743	9,933,397	9,803,757
Current Liability
Creditors	(423,764)	(456,504)	(455,738)
	(423,764)	(456,504)	(455,738)
Net current assets	9,271,979	9,476,893	9,348,019
	10,321,482	10,417,939	10,528,535
Capital And Reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	(9,635)	230,277	278,560
Profit and loss account	9,263,271	9,119,816	9,182,129
Shareholders' Funds	10,321,482	10,417,939	10,528,535

These financial statements were approved by the Board of Directors on 24 November 2011.

CHEW SING GUAN                               )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                            )

Statement of total recognised gains and losses for the half year ended 30 September 2011

	Half year ended	Half year ended	Year ended
	30 Sept 2011	30 Sept 2010	31 Mar 2011
	RM	RM	RM
Profit for the period	81,142	29,287	91,600
Unrealised (losses)/gains on investments	(288,195)	72,754	121,037
Total recognised (losses)/gains for the period	(207,053)	102,041	212,637

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 2011	30 Sept 2010	31 Mar 2011
	RM	RM	RM
Operating loss	(79,515)	(111,441)	(156,053)
Decrease in debtors	24,324	39,516	-
Decrease in creditors	(31,974)	(6,565)	(8,515)
Net cash outflow from operating activities	(87,165)	(78,490)	(164,568)

Cash flow statement for the half year ended 30 September 2011

	Half year ended	Half year ended	Year ended
	30 Sept 2011	30 Sept 2010	31 Mar 2011
	RM	RM	RM
NET CASH OUTFLOW FROM OPERATING ACTIVITIES	(87,165)	(78,490)	(164,568)
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Dividend received	21,033	12,285	26,575
Interest received	117,327	130,769	322,520
TAXATION
Overseas tax paid	(18,638)	(21,154)	(53,004)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS
Purchase of investments	(701,658)	(189,599)	(393,981)
Sale of investments	585,411	107,477	107,476
NET CASH OUTFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES	(83,690)	(38,712)	(154,982)
MANAGEMENT OF LIQUID RESOURCES
Decrease in short term deposits	200,000	100,000	200,000
INCREASE IN CASH	116,310	61,288	45,018

 

END

 

 

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