Half-year Report

RNS Number : 1645Q

Hidong Estate PLC

25 October 2021

 

Hidong

Estate

PLC

Interim report of shareholders for the half year ended

30 September   2021

The r esults for the half year ended 30 September 2021 are given below with appropriate comparative figures:-

Statement of Comprehensive Income for the half year ended 30 September 2021

	Half year ended	Half year ended	Year ended
	30 Sept 2021	30 Sept 2020	31 Mar 2021
	RM	RM	RM
Administrative expenses	(77,719)	(42,898)	(293,209)
Operating loss	(77,719)	(42,898)	(293,209)
Income from investments	60,303	15,559	78,211
Interest receivable and similar income	102,092	166,926	273,805
Profit on ordinary activities before taxation	84,676	139,587	58,807
Tax on profit on ordinary activities	(24,500)	(40,062)	(62,428)
Profit/(loss) for the p eriod	60,176	99,525	(3,621)
Other comprehensive income
Unrealised (loss)/gain on investments	(315,316)	-	462,116
Total comprehensive (loss)/income for the period	(255,140)	99,525	458,495
Basic and diluted profit/(loss) per 10p share	3.51 sen	5.81 sen	(0.21) sen

Notes:

1.  The directors do not propose to pay any interim dividend ( 2020 : RM N il).

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 2021   Chairman

Hidong

Estate

PLC

Balance sheet as at 30 September   2021

	As at	As at	As at
	30 Sept 2021	30 Sept 2020	31 Mar 2021
	RM	RM	RM
Fixed assets
I nvestments	1,502,256	939,244	1,532,238
Current assets
Current tax assets	40,572	-	27,572
Accrued interest income	28,576	98,866	33,169
Deposits	10,500,000	10,950,000	10,750,000
Cash at bank and in hand	146,212	132,164	232,540
	10,715,360	11,181,030	11,043,281
Current liabilities
Creditors : amount falling due within one year	-	(13,725)	(110,000)
	-	(13,725)	(110,000)
Net current a ssets	10,715,360	11,167,305	10,933,281
Net a ssets	12,217,616	12,106,549	12,465,519
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Revaluation reserve	188,860	34,823	496,939
Profit and loss reserve	10,960,910	11,003,880	10,900,734
Shareholders' funds	12,217,616	12,106,549	12,465,519

These financial statements were approved by the Board of Directors on 25 October 2021.

CHEW SING GUAN    )

    )

    )  Directors

    )

CHEW BEOW SOON    )

Hidong

Estate

PLC

Statement of cash flows for the half year ended 30 September 2 021

	Half year ended	Half year ended	Year ended
	30 Sept 2021	30 Sept 2020	31 Mar 2021
	RM	RM	RM
Cash flows from operating activities
Profit/(loss) for the period	60,176	99,525	(3,621)
Adjustments for:
Interest receivable and similar income	(102,092)	(166,926)	(273,805)
Income from investments	(60,303)	(15,559)	(78,211)
Taxation	24,500	40,062	62,428
	(77,719)	(42,898)	(293,209)
(Decrease)/increase in other creditors	(110,000)	(100,845)	9,130
	(187,719)	(143,743)	(284,079)
Tax paid	(37,500)	(37,500)	(101,138)
Net cash used in operating activities	(225,219)	(181,243)	(385,217)
Cash flows from investing activities
Income from investments	55,524	15,559	78,211
Interest received	106,685	171,813	344,390
Purchase of investments	(342,484)	-	(130,879)
Sale of investments	69,166	-	-
Decrease in deposits	250,000	-	200,000
Net cash from investing activities	138,891	187,372	491,722
Cash flows from financing activities	-	-	-
Net (decrease)/increase in cash and cash equivalents	(86,328)	6,129	106,505
Cash and cash equivalents at 1 April	232,540	126,035	126,035
Cash and cash equivalents at  30September/31 March	146,212	132,164	232,540

 

END

 

 

IR FEAFFIEFSEDS