Half Yearly Report

RNS Number : 0687H

Hidong Estate PLC

26 November 2015

 



Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Interim report of shareholders for the half year ended

30 September 2015

The results for the half year ended 30 September 2015 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2015

	Half year ended	Half year ended	Year ended
	30 Sept 2015	30 Sept 2014	31 Mar 2015
	RM	RM	RM
Administrative expenses	(90,193)	(84,064)	(248,357)
Operating loss	(90,193)	(84,064)	(248,357)
Income from investments	27,612	40,161	46,332
Gain on disposal of investments	19,528	37,186	37,186
Interest receivable on short term bank deposits	165,309	172,441	359,721
Profit on ordinary activities before taxation	122,256	165,724	194,882
Tax on profit on ordinary activities	(30,821)	(34,488)	(67,851)
Retained profit for the period	91,435	131,236	127,031
Basic and diluted profit per 10p share	5.33 sen	7.66 sen	7.41 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2014 : 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 2015                                                                  Chairman

Hidong

Estate

PLC

(Incorporated in England)                                                                                                           

Balance sheet as at 30 September 2015

	As at	As at	As at
	30 Sept 2015	30 Sept 2014	31 Mar 2015
	RM	RM	RM
Fixed assets
Investments	1,080,860	1,084,579	1,102,280
Current assets
Debtors	42,933	49,298	42,933
Cash at bank and in hand	10,714,841	10,587,584	10,601,165
	10,757,774	10,636,882	10,644,098
Current liabilities
Creditors	(478,747)	(464,305)	(477,926)
	(478,747)	(464,305)	(477,926)
Net current assets	10,279,027	10,172,577	10,166,172
Net assets	11,359,887	11,257,156	11,268,452
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	287,178	271,677	287,178
Profit and loss account	10,004,863	9,917,633	9,913,428
Shareholders' Funds	11,359,887	11,257,156	11,268,452

These financial statements were approved by the Board of Directors on 26 November 2015.

CHEW SING GUAN                               )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                            )

Statement of total recognised gains and losses for the half year ended 30 September 2015

	Half year ended	Half year ended	Year ended
	30 Sept 2015	30 Sept 2014	31 Mar 2015
	RM	RM	RM
Profit for the period	91,435	131,236	127,031
Unrealised gains on investments	-	17,129	32,630
Total recognised gains for the period	91,435	148,365	159,661

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 2015	30 Sept 2014	31 Mar 2015
	RM	RM	RM
Operating loss	(90,193)	(84,064)	(248,357)
(Decrease)/increase in creditors	-	(13,502)	2,870
Net cash outflow from operating activities	(90,193)	(97,566)	(245,487)

Cash flow statement for the half year ended 30 September 2015

	Half year ended	Half year ended	Year ended
	30 Sept 2015	30 Sept 2014	31 Mar 2015
	RM	RM	RM
NET CASH OUTFLOW FROM OPERATING ACTIVITIES	(90,193)	(97,566)	(245,487)
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Dividend received	27,612	40,161	39,138
Interest received	165,309	158,872	352,517
TAXATION
Overseas tax paid	(30,000)	(29,893)	(66,007)
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS
Purchase of investments	(3,928)	(4,995)	-
Sale of investments	44,876	80,775	80,774
NET CASH INFLOW BEFORE MANAGEMENT OF LIQUID ESOURCES	113,676	147,354	160,935
MANAGEMENT OF LIQUID RESOURCES
Increase in short term deposits	(100,000)	(100,000)	(100,000)
INCREASE IN CASH	13,676	47,354	60,935

 

END

 

 

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