Final Results

Hidong Estate PLC
15 July 2004


Hidong Estate PLC
Preliminary Final Results
(Incorporated in England) 

Profit and loss account for the
year ended 31st March, 2004

Continuing Operations

                                                           2004          2003
                                                             RM            RM

Turnover                                              1,938,774     1,405,971
Cost of sales - including replanting expenditure
of RM84,832 (2003: RM115,790)                        (1,395,702)   (1,112,592)
                                                       ---------     ---------
Gross Profit                                            543,072       293,379

Distribution costs                                      (83,450)      (73,924)
Administrative expenses                                (162,788)     (135,542)
                                                       ---------     ---------
                                                        296,834        83,913
Other income                                             14,520             -
                                                       ---------     ---------
Operating profit                                        311,354        83,913

Tangible fixed assets written off                             -        (1,893)
Interest receivable on short term deposits               16,620         5,589
                                                       ---------     ---------
Profit on ordinary activities before taxation           327,974        87,609

Tax on profit on ordinary activities                     (3,324)       (1,057)
                                                       ---------     ---------

RETAINED PROFIT FOR THE YEAR                            324,650        86,552
                                                       =========     =========

Profit per 10p share                                   18.95sen       5.05sen
                                                       =========     =========

STATEMENT OF TOTAL RECOGNISED
GAINS FOR THE YEAR ENDED 31 MARCH 2004

                                                           2004          2003
                                                             RM            RM

Surplus on revaluation of properties                          -     1,190,000
Deferred tax liability                                        -      (306,500)
                                                       ---------     ---------
Net gains not recognised in the profit and loss
account                                                       -       883,500

Net profit for the year                                 324,650        86,552
                                                       ---------     ---------
Total recognised gains for the year                     324,650       970,052
                                                       =========     =========


Hidong Estate PLC

Preliminary Final Results
(Incorporated in England) 

Balance Sheet as at 31st March, 2004

                                                           2004          2003
                                                             RM            RM

FIXED ASSETS

Tangible assets                                       7,631,942     7,656,556

CURRENT ASSETS

Stocks                                                   90,640       100,670
Debtors                                                 209,086       102,745
Cash at bank and in hand                                690,783       348,822
Tax refundable                                           50,720        63,619
                                                       ---------     ---------
                                                      1,041,229       615,856
                                                       ---------     ---------

CREDITORS: amounts falling due within one year          221,976      (170,846)
                                                       ---------     ---------

NET CURRENT ASSETS                                      819,253       445,010
                                                       ---------     ---------
TOTAL ASSETS LESS CURRENT LIABILITIES                 8,451,195     8,101,566

PROVISION FOR LIABILITIES AND CHARGES                  (555,134)     (530,155)
                                                       ---------     ---------
NET ASSETS                                            7,896,061     7,571,411
                                                       =========     =========

CAPITAL AND RESERVES

Called up share capital                               1,067,846     1,067,846
Revaluation reserve                                   5,832,048     5,832,048
Profit and loss account                                 996,167       671,517
                                                       ---------     ---------
TOTAL EQUITY SHAREHOLDERS' FUNDS                      7,896,061     7,571,411
                                                       =========     =========


Hidong Estate PLC

Preliminary Final Results
(Incorporated in England)

Cash flow statement for the year
ended 31st March, 2004

                                                             2004         2003
                                                               RM           RM

NET CASH INFLOW FROM
OPERATING ACTIVITIES                                      315,765       54,256

RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Interest received                                          16,620        5,589

TAXATION

Overseas tax paid                                          (1,800)      (6,499)
Overseas tax refund                                        11,376            -

CAPITAL EXPENDITURE

Purchase of tangible fixed assets                               -       (3,252)
                                                         ---------    ---------
                                                                -       (3,252)
                                                         ---------    ---------

NET CASH INFLOW/(OUTFLOW) BEFORE
MANAGEMENT OF LIQUID RESOURCES                            341,961       50,094

MANAGEMENT OF LIQUID RESOURCES
(Increase)/Decrease in short term deposits               (350,000)       5,000
                                                         ---------    ---------
(DECREASE)/INCREASE IN CASH                                (8,039)      55,094
                                                         =========    =========

The financial information set out above does not constitute statutory accounts
for the years ended 31st March 2004 or 2003 but derived from those accounts.
Statutory accounts for 2003 have been delivered to the Registrar of Companies,
and those for 2004 will be delivered following the Company's annual general
meeting. The auditors have reported on those accounts, their report were
unqualified and did not contain statements under Section 237(2) or (3) of the
Companies Act 1985.




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