Half-year Report

RNS Number : 3504F

Hidong Estate PLC

26 October 2018

 

Hidong

Estate

PLC

Interim report of shareholders for the half year ended

30 September 2018

The results for the half year ended 30 September 2018 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2018

	Half year ended	Half year ended	Year ended
	30 Sept 2018	30 Sept 2017	31 Mar 2018
	RM	RM	RM
Administrative expenses	(78,883)	(60,370)	(236,646)
Operating loss	(78,883)	(60,370)	(236,646)
Income from investments	34,172	38,715	59,357
Gain on disposal of investments	-	23,671	-
Interest receivable and similar income	153,716	167,100	407,932
Profit on ordinary activities before taxation	109,005	169,116	230,643
Tax on profit on ordinary activities	(36,892)	(40,104)	(92,680)
Profit for the period	72,113	129,012	137,963
Basic and diluted profit per 10p share	4.20 sen	7.53 sen	8.05 sen

Notes:

1.   The directors do not propose to pay any interim dividend (2017 : RM Nil).

2.   Copies of the Interim Report are available from the Company's registered office at Neville House Steelpark Road, Halesowen, West Midlands B62 8HD.

Penang                                                                         CHEW SING GUAN

26 October 2018                                                            Chairman

Hidong

Estate

PLC

Balance sheet as at 30 September 2018

	As at	As at	As at
	30 Sept 2018	30 Sept 2017	31 Mar 2018
	RM	RM	RM
Fixed assets
Investments	1,286,452	1,096,107	1,286,452
Current assets
Debtors	-	-	105,528
Deposits	10,900,000	10,700,000	10,700,000
Cash at bank and in hand	76,065	238,335	182,032
	10,976,065	10,938,335	10,987,560
Current liabilities
Creditors : amount falling due within one year	(416,924)	(381,634)	(500,532)
	(416,924)	(381,634)	(500,532)
Net current assets	10,559,141	10,556,701	10,487,028
Net assets	11,845,593	11,652,808	11,773,480
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Fair value reserve	403,228	328,790	403,228
Profit and loss account	10,374,519	10,256,172	10,302,406
Shareholders' Funds	11,845,593	11,652,808	11,773,480

These financial statements were approved by the Board of Directors on 26 October 2018.

CHEW SING GUAN                            )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                         )

Hidong

Estate

PLC

Statement of Other Comprehensive Income for the half year ended 30 September 2018

	Half year ended	Half year ended	Year ended
	30 Sept 2018	30 Sept 2017	31 Mar 2018
	RM	RM	RM
Profit for the period	72,113	129,012	137,963
Other Comprehensive Income
Unrealised gains on investments	-	-	104,130
Change in fair value during the period on disposal of investments	-	-	7,591
Total Comprehensive Income for the period	72,113	129,012	249,684

 

Hidong

Estate

PLC

Cash flow statement for the half year ended 30 September 2018

	Half year ended	Half year ended	Year ended
	30 Sept 2018	30 Sept 2017	31 Mar 2018
	RM	RM	RM
Cash flows from operating activities
Profit for the period	72,113	129,012	137,963
Adjustments for:
Interest receivable and similar income	(153,716)	(167,100)	(407,932)
Gain on disposal of investments	-	(23,671)	-
Income from investments	(34,172)	(38,715)	(59,357)
Impairment loss on investments	-	-	1,300
Taxation	36,892	40,104	92,680
	(78,883)	(60,370)	(235,346)
(Decrease)/increase in other creditors	(83,000)	(103,775)	27,845
	(161,883)	(164,145)	(207,501)
Tax paid	(37,500)	(44,174)	(109,473)
Net cash used in operating activities	(199,383)	(208,319)	(316,974)
Cash flows from investing activities
Dividend received	34,172	38,715	53,525
Interest received	259,244	192,645	327,951
Purchase of investments	-	(3,168)	(100,932)
Sale of investments	-	72,190	72,190
(Increase)/decrease in deposits	(200,000)	81	81
Net cash from investing activities	93,416	300,463	352,815
Cash flows from financing activities	-	-	-
Net increase in cash and cash equivalents	(105,967)	92,144	35,841
Cash and cash equivalents at 1 April	182,032	146,191	146,191
Cash and cash equivalents at                       30September/31 March	76,065	238,335	182,032

 

END

 

 

IR FESFFMFASEDS