Half-year Report

RNS Number : 1713R
Hidong Estate PLC
25 October 2019
 

Hidong

Estate

PLC

                                                                                                                                               

 

Interim report of shareholders for the half year ended

30 September 2019

 

The results for the half year ended 30 September 2019 are given below with appropriate comparative figures:-

 

Profit and loss account for the half year ended 30 September 2019

 

 

 

Half year ended

Half year ended

Year ended

 

30 Sept 2019

30 Sept 2018

31 Mar 2019

 

RM

RM

RM

 

 

 

 

Administrative expenses

(54,667)

(78,883)

(245,790)

 

 

 

 

Operating loss

(54,667)

(78,883)

(245,790)

Income from investments

21,160

34,172

54,297

Interest receivable and similar income

      165,020

      153,716

          388,628

 

Profit on ordinary activities before taxation

 

 

131,513

 

 

109,005

 

 

197,135

 

 

 

 

Tax on profit on ordinary activities

(39,605)

(36,892)

(88,607)

 

Profit for the period 

          

91,908

          

72,113

 

108,528

 

Basic and diluted profit per 10p share

 

5.36 sen

 

4.20 sen

 

6.33 sen

 

 

 

Notes:

1.   The directors do not propose to pay any interim dividend (2018 : 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

25 October 2019                                                            Chairman

 

Hidong

Estate

PLC

                                                                                                                                                           

 

Balance sheet as at 30 September 2019

 

 

 

As at

As at

As at

 

30 Sept 2019

30 Sept 2018

31 Mar 2019

 

RM

RM

RM

Fixed assets

 

 

 

Investments

1,164,387

1,286,452

1,161,795

 

 

 

 

Current assets

 

 

 

Debtors

19,313

-

19,313

Deposits

10,950,000

10,900,000

11,000,000

Cash at bank and in hand

95,153

76,065

131,181

 

11,064,466

10,976,065

10,150,494

Current liabilities

 

 

 

Creditors : amount falling due within one year

 

(341,287)

 

(416,924)

 

(516,631)

 

(341,287)

(416,924)

(516,631)

 

 

 

 

Net current assets

10,723,179

10,559,141

10,633,863

 

 

 

 

Net assets

11,887,566

11,845,593

11,795,658

 

 

 

 

Capital and reserves

 

 

 

Called up share capital

1,067,846

1,067,846

1,067,846

Fair value reserve

306,984

403,228

306,984

Profit and loss reserve

10,512,736

10,374,519

10,420,828

 

 

 

 

Shareholders' Funds

11,887,566

11,845,593

11,795,658 

 

 

 

 

 

These financial statements were approved by the Board of Directors on 25 October 2019.

 

CHEW SING GUAN                            )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                         )

 

 

 

 

 

 

 

 

 

Hidong

Estate

PLC

                                                                                                                                               

 

Statement of Other Comprehensive Income for the half year ended 30 September 2019

 

 

 

Half year ended

Half year ended

Year ended

 

30 Sept 2019

30 Sept 2018

31 Mar 2019

 

RM

RM

RM

 

Profit for the period

 

91,908

 

72,113

 

108,528

 

 

 

 

Other Comprehensive Income

 

 

 

Unrealised loss on investments

-

-

(88,493)

Change in fair value during the period

on disposal of investments

 

-

 

-

 

2,143

 

 

 

 

 

Total Comprehensive Income for the period

 

91,908

 

72,113

 

22,178

 

Hidong

Estate

PLC

                                                                                                                                               

 

Cash flow statement for the half year ended 30 September 2019

 

 

Half year ended

Half year ended

Year ended

 

30 Sept 2019

30 Sept 2018

31 Mar 2019

 

RM

RM

RM

Cash flows from operating activities

 

 

 

Profit for the period

91,908

72,113

108,528

Adjustments for:

 

 

 

Interest receivable and similar income

(165,020)

(153,716)

(388,628)

Income from investments

(21,160)

(34,172)

(54,297)

Impairment loss on investments

-

-

23,019

Taxation

39,605

36,892

88,607

 

(54,667)

(78,883)

(222,771)

(Decrease)/increase in other creditors

(96,000)

(83,000)

13,000

 

(150,667)

(161,883)

(209,771)

Tax paid

(118,949)

(37,500)

(85,508)

Net cash used in operating activities

(269,616)

(199,383)

(295,279)

Cash flows from investing activities

 

 

 

 

Dividend received

    21,160

    34,172

    54,297

Interest received

165,020

259,244

474,842

 

Purchase of investments

(2,592)

-

(1,505)

Sale of investments

-

-

16,794

Decrease/(increase) in deposits

50,000

(200,000)

(300,000)

Net cash from investing activities

233,588

93,416

244,428

Cash flows from financing activities

-

-

-

Net decrease in cash and cash equivalents

(36,028)

(105,967)

(50,851)

 

Cash and cash equivalents at 1 April

131,181

182,032

182,032

Cash and cash equivalents at                       30September/31 March

95,153

76,065

131,181

 

 

 

 

 


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