Half Yearly Report

RNS Number : 9324T

Hidong Estate PLC

26 November 2013

 



Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Interim report of shareholders for the half year ended

30 September 2013

The results for the half year ended 30 September 2013 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2013

	Half year ended	Half year ended	Year ended
	30 Sept 2013	30 Sept 2012	31 Mar 2013
	RM	RM	RM
Administrative expenses	(104,743)	(77,183)	(161,755)
Operating loss	(104,743)	(77,183)	(161,755)
Income from investments	45,715	35,717	44,002
Gain on disposal of investments	120,414	-	-
Impairment of investments	-	-	(15,080)
Interest receivable on short term bank deposits	164,954	149,669	322,571
Profit on ordinary activities before taxation	226,340	108,203	189,738
Tax on profit on ordinary activities	(32,991)	(29,934)	(61,198)
Retained profit for the period	193,349	78,269	128,540
Basic and diluted profit per 10p share	11.28 sen	4.57 sen	7.50 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2012 : 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

26 November 2013                                                                  Chairman

Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Balance sheet as at 30 September 2013

	As at	As at	As at
	30 Sept 2013	30 Sept 2012	31 Mar 2013
	RM	RM	RM
Fixed assets
Investments	1,066,721	1,161,581	1,395,641
Current Assets
Debtors	60,755	41,529	47,546
Cash at bank and in hand	10,261,424	9,754,050	9,729,877
	10,322,179	9,795,579	9,777,423
Current Liability
Creditors	(461,979)	(422,475)	(454,574)
	(461,979)	(422,475)	(454,574)
Net current assets	9,860,200	9,373,104	9,322,849
Net assets	10,926,921	10,534,685	10,718,490
Capital And Reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	200,667	52,051	185,585
Profit and loss account	9,658,408	9,414,788	9,465,059
Shareholders' Funds	10,926,921	10,534,685	10,718,490

These financial statements were approved by the Board of Directors on 26 November 2013.

CHEW SING GUAN                               )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                            )

Statement of total recognised gains and losses for the half year ended 30 September 2013

	Half year ended	Half year ended	Year ended
	30 Sept 2013	30 Sept 2012	31 Mar 2013
	RM	RM	RM
Profit for the period	193,349	78,269	128,540
Unrealised gains/(losses) on investments	15,082	(174,384)	(40,850)
Total recognised gains/(losses) for the period	208,431	(96,115)	87,690

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 2013	30 Sept 2012	31 Mar 2013
	RM	RM	RM
Operating loss	(104,743)	(77,183)	(161,755)
Decrease in creditors	(5,828)	(45,375)	(9,190)
Net cash outflow from operating activities	(110,571)	(122,558)	(170,945)

Cash flow statement for the half year ended 30 September 2013

	Half year ended	Half year ended	Year ended
	30 Sept 2013	30 Sept 2012	31 Mar 2013
	RM	RM	RM
NET CASH OUTFLOW FROM OPERATING ACTIVITIES	(110,571)	(122,558)	(170,945)
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Dividend received	45,715	35,717	44,002
Interest received	151,857	149,669	323,143
TAXATION
Overseas tax paid	(19,869)	(29,998)	(71,937)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS
Purchase of investments	(5,368)	-	(115,606)
Sale of investments	469,783	-	-
NET CASH INFLOW BEFORE MANAGEMENT OF LIQUID ESOURCES	531,547	32,830	8,657
MANAGEMENT OF LIQUID RESOURCES
Decrease in short term deposits	(600,000)	(200,000)	(100,000)
DECREASE IN CASH	(68,453)	(167,170)	(91,343)

 

END

 

 

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