Half Yearly Report

RNS Number : 4248Y

Hidong Estate PLC

01 December 2014

 



Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Interim report of shareholders for the half year ended

30 September 2014

The results for the half year ended 30 September 2014 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2014

	Half year ended	Half year ended	Year ended
	30 Sept 2014	30 Sept 2013	31 Mar 2014
	RM	RM	RM
Administrative expenses	(84,064)	(104,743)	(155,418)
Operating loss	(84,064)	(104,743)	(155,418)
Income from investments	40,161	45,715	60,063
Gain on disposal of investments	37,186	120,414	149,681
Interest receivable on short term bank deposits	172,441	164,954	334,178
Profit on ordinary activities before taxation	165,724	226,340	388,504
Tax on profit on ordinary activities	(34,488)	(32,991)	(67,166)
Retained profit for the period	131,236	193,349	321,338
Basic and diluted profit per 10p share	7.66 sen	11.28 sen	18.76 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2013 : 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 2014                                                                  Chairman

Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Balance sheet as at 30 September 2014

	As at	As at	As at
	30 Sept 2014	30 Sept 2013	31 Mar 2014
	RM	RM	RM
Fixed assets
Investments	1,084,579	1,066,721	1,106,044
Current assets
Debtors	49,298	60,755	35,729
Cash at bank and in hand	10,587,584	10,261,424	10,440,230
	10,636,882	10,322,179	10,475,959
Current liabilities
Creditors	(464,305)	(461,979)	(473,212)
	(464,305)	(461,979)	(473,212)
Net current assets	10,172,577	9,860,200	10,002,747
Net assets	11,257,156	10,926,921	11,108,791
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	271,677	200,667	254,548
Profit and loss account	9,917,633	9,658,408	9,786,397
Shareholders' Funds	11,257,156	10,926,921	11,108,791

These financial statements were approved by the Board of Directors on 26 November 2014.

CHEW SING GUAN                               )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                            )

Statement of total recognised gains and losses for the half year ended 30 September 2014

	Half year ended	Half year ended	Year ended
	30 Sept 2014	30 Sept 2013	31 Mar 2014
	RM	RM	RM
Profit for the period	131,236	193,349	321,338
Unrealised gains on investments	17,129	15,082	68,963
Total recognised gains for the period	148,365	208,431	390,301

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 2014	30 Sept 2013	31 Mar 2014
	RM	RM	RM
Operating loss	(84,064)	(104,743)	(155,418)
(Decrease)/increase in creditors	(13,502)	(5,828)	7,135
Net cash outflow from operating activities	(97,566)	(110,571)	(148,283)

Cash flow statement for the half year ended 30 September 2013

	Half year ended	Half year ended	Year ended
	30 Sept 2014	30 Sept 2013	31 Mar 2014
	RM	RM	RM
NET CASH OUTFLOW FROM OPERATING ACTIVITIES	(97,566)	(110,571)	(148,283)
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Dividend received	40,161	45,715	60,063
Interest received	158,872	151,857	333,480
TAXATION
Overseas tax paid	(29,893)	(19,869)	(43,148)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS
Purchase of investments	(4,995)	(5,368)	(31,367)
Sale of investments	80,775	469,783	539,608
NET CASH INFLOW BEFORE MANAGEMENT OF LIQUID ESOURCES	147,354	531,547	710,353
MANAGEMENT OF LIQUID RESOURCES
Increase in short term deposits	(100,000)	(600,000)	(700,000)
INCREASE/(DECREASE) IN CASH	47,354	(68,453)	10,353

 

END

 

 

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