Interim Results

RNS Number : 9612I

Hidong Estate PLC

26 November 2008

 



Hidong Estate PLC

(Incorporated in England)

___________________________________________________________________________________

Interim report of shareholders for the half year ended 30 September 2008

The results for the half year ended 30 September 2008 are given below with appropriate comparative figures:

	Half Year Ended 30 Sept 2008 RM	Half Year Ended 30 Sept 2007 RM	Year Ended 31 March 2008 RM
Administrative expenses	(107 987)	(99,103)	(213,439)
Operating loss-discontinued operations	(107 987)	(99,103)	(213,439)
Other income	6,105	7,820	39,799
Changes in the fair value of investments	(177,904)	-	-
Interest receivable on short term deposits	152,322	173,222	347,522
(Loss)/profit on.ordinary activities before taxation	(127,464)	82,029	173,882
Tax on profit on ordinary activities	-	-	(74,655)
Retained (Loss)/Profit For The. Period	(127,464)	82,029	99,227
Basic and. Diluted (loss)/profit for the Period share - discontinued operations	(7.44) sen	4.79 sen	5.79 sen

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

The Company has no recognised gains and losses other than the loss of RM 127,464 for the six months period ended 30 September 2008 (2007 - gain RM82,029)

Notes:

1. The Company reported an operating loss of RM 127,464 for the six months period ended
    30 September 2008.

2. The directors do not propose to pay any interim dividend (2007: RM Nil)

3. 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

26 November 208                                                  Chairman

Hidong Estate PLC

(Incorporated in England)

_____________________________________________________________________

Balance Sheet as at 30 September 2008

	As at 30 Sept 2008 RM	As at 30 Sept 2007 RM	As at 31 Mar 2008 RM
Investments	569,500	247,930	-
Current Assets
Debtors	27,044	164,237	485,489
Cash at bank and in hand	10,099,349	10,577,021	10,894,213
Current Liability
Creditors	(517,390)	(563,226)	(615,290)
	(517,390)	(563,226)	(615,290)
Net Current Assets	9,581,959	10,013,795	10,278,923
	10,151,459	10,261.725	10,278,923
Capital and Reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Profit and loss account	9,083,613	9,193,879	9,211,077
Shareholders' Funds	10,151,459	10,261,725	10,278,923

These financial statements were approved by the Board of Directors on 26 November 2008 

CHEW SING GUAN

                                                                                   Directors

HAJI ZAMBRI BIN HAJI MAHMUD

Hidong Estate PLC

(Incorporated in England)

___________________________________________________________________________________

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

	Half year ended	Half year ended	Year ended
	30 Sept 2008	30 Sept 2007	31 Mar 2008
	RM	RM	RM
Operating loss	(107,987)	(99,013)	(213,439)
Decrease/(Increase in debtors	458,445	(32,484)	(353,736)
(Decrease)/Increase in creditors	(64,998)	9,279	15,173
Net cash inflow/(outflow) from operating activities	285,460	(122,218)	(552,002)

Cash flow statement for the half year ended 30 September 2008

	Half year ended	Half year ended	Year ended
	30 Sept 2008	30 Sept 2007	31 Mar 2008
	RM	RM	RM
Net Cash Inflow/Outflow From Operating Activities	285,460	(122,218)	(552,002)
Cash Flows From Investing Activities
Dividend received	6,105	7,820	1,430
Interest received	152,322	173,222	347,522
Gain on disposal of investments	-	-	37,839
Purchase of quoted investments	(747,404)	(247,930)	-
Taxation
Overseas tax paid	(32,902)	(33,865)	(61,820)
Net Cash Outflow Before Management Of Liquid Resources	(336,419)	(222,971)	(227,031)
Management of Liquid Resources
Decrease in short term deposits	180,000	379,058	368,572
(Decrease)/Increase in Cash	(156,419)	156,087	141,541

 

END

 

 

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