Half-year Report

RNS Number : 0396E

Hidong Estate PLC

25 October 2022

 

Hidong

Estate

PLC

Interim report of shareholders for the half year ended

30 September 2022

The r esults for the half year ended 30 September 2022 are given below with appropriate comparative figures:-

Statement of Comprehensive Income for the half year ended 30 September 2022

	Half year ended	Half year ended	Year ended
	30 Sept 2022	30 Sept 2021	31 Mar 2022
	RM	RM	RM
Income from investments	37,886	60,303	68,731
Interest receivable and similar income	87,610	102,092	214,533
Net Income	125,496	162,395	283,264
Administrative expenses	(87,515)	(77,719)	(302,676)
(Loss)/Profit before taxation	37,981	84,676	(19,412)
Taxation	(21,000)	(24,500)	(48,900)
Profit/(loss) for the p eriod	16,981	60,176	(68,312)
Other comprehensive income
Fair Value (loss)/gain on investments	(123,943)	(315,316)	(264,570)
Total Comprehensive (loss)/profit for the year	(106,962)	(255,140)	(332,882)
Basic and diluted profit/(loss) per 10p share	0.99 sen	3.51 sen	(3.99) sen

Notes:

1.  The directors do not propose to pay any interim dividend ( 2021 : 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 United Kingdom.

Penang, Malaysia  CHEW SING GUAN

25 October 2022   Chairman

Hidong

Estate

PLC

Balance sheet as at 30 September 2022

	As at	As at	As at
	30 Sept 2022	30 Sept 2021	31 Mar 2022
	RM	RM	RM
Fixed assets
I nvestments	924,365	1,502,256	1,044,502
Current assets
Debtors	20,100	40,572	11,100
Accrued interest income	8,772	28,576	33,929
Fixed Deposits with licensed banks	6,500,000	6,500,000	6,500,000
Cash at bank and short-term deposits	4,654,630	4,146,212	4,659,046
	11,183,502	10,715,360	11,204,075
Current liabilities
Creditors : amount falling due within one year	(82,192)	-	(115,940)
	(82,192)	-	(115,940)
Net current a ssets	11,101,310	10,715,360	11,088,135
Net a ssets	12,025,675	12,217,616	12,132,637
Capital and reserves
Called up share capital	1,067,846	1,067,846	1,067,846
Revaluation reserve	(56,167)	188,860	67,776
Profit and loss reserve	11,013,996	10,960,910	10,997,015
Shareholders' funds	12,025,675	12,217,616	12,132,637

These financial statements were approved by the Board of Directors on 25 October 2022.

CHEW SING GUAN                           )

    )

    )  Directors 

    )

CHEW BEOW SOON                         )

Hidong

Estate

PLC

Statement of cash flows for the half year ended 30 September 2 022

	Half year ended	Half year ended	Year ended
	30 Sept 2022	30 Sept 2021	31 Mar 2022
	RM	RM	RM
Cash flows from operating activities
Profit/(loss) for the period	16,981	60,176	(68,312)
Adjustments for:
Interest receivable and similar income	(87,610)	(102,092)	(214,533)
Income from investments	(37,886)	(60,303)	(68,731)
Taxation	21,000	24,500	48,900
	(87,515)	(77,719)	(302,676)
(Decrease)/increase in other creditors	(33,748)	(110,000)	5,940
Decrease/(increase) in other debtors	25,157	-	(760)
	(96,106)	(187,719)	(297,496)
Tax paid	(30,000)	(37,500)	(32,428)
Net cash used in operating activities	(126,106)	(225,219)	329,924)
Cash flows from investing activities
Income from investments	37,886	55,524	68,731
Interest received	87,610	106,685	214,533
Purchase of investments	(3,806)	(342,484)	(347,271)
Sale of investments	-	69,166	570,437
Decrease in deposits	-	250,000	-
Net cash from investing activities	121,690	138,891	506,430
Cash flows from financing activities	-	-	-
Net (decrease)/increase in cash and cash equivalents	(4,416)	(86,328)	176,506
Cash and cash equivalents at 1 April	4,659,046	4,232,540	4,482,540
Cash and cash equivalents at                       30 September/31 March	4,654,630	4,146,212	4,659,046

 

END

 

 

IR FEWSUIEESELS