Hidong Est. Regulatory News (HID)

27 Jul 2007 09:17

Hidong Estate PLC27 July 2007 HIDONG ESTATE PLC Preliminary Final Results Profit and loss account for the year ended 31st March 2007 2007 2006 RM RMTurnover - discontinued operations 20,024 1,740,941Cost of sales (11,086) (1,245,907)Gross profit 8,938 495,034Distribution costs (109) (85,199)Administrative expenses (251,059) (228,719)Other income - 16,571Operating (Loss)/Profit - discontinued operations (242,230) 197,687(Loss)/Profit on sale of plantation * (129,135) 8,260,363Interest receivable on short term deposits 347,926 75,973(Loss)/Profit on ordinary activities before taxation (23,439) 8,534,023Tax on profit on ordinary activities (70,000) (572,435)RETAINED (LOSS)/PROFIT FOR THE YEAR (93,439) 7,961,588(Loss)/Profit per 10p share (5.45)sen 464.68sen * The loss on sale of plantation of RM129,135 is actual expenses incurred in current financial year relating to the sale of plantation in the previous year. Statement of total recognised gains and losses for the year ended 31 st March 2007 2007 2006 RM RMRealised surplus on revaluation of properties - (5,832,048)Net gains not recognised in the profit and loss account - (5,832,048)(Loss)/Profit for the year (93,439) 7,961,588Total recognized (loss)/gain relating to the financial year (93,439) 2,129,540 HIDONG ESTATE PLC Preliminary Final Results Balance Sheet as at 31st March 2007 2007 2006 RM RMCURRENT ASSETS Stocks - 41,032Debtors 173,798 218,413Cash at bank and in hand 10,635,755 10,944,672 10,809,553 11,203,907CREDITORS: amounts falling due within one year (587,812) (888,727)NET ASSETS 10,221,741 10,315,180 CAPITAL AND RESERVESCalled up share capital 1,067,846 1,067,846Profit and loss account 9,153,895 9,247,334SHAREHOLDERS' FUNDS 10,221,741 10,315,180 HIDONG ESTATE PLC Preliminary Final Results Cash flow statement for the year ended 31st March 2007 2007 2006 RM RMNET CASH (OUTFLOW)/INFLOW FROMOPERATING ACTIVITIES (579,531) 71,466RETURNS ON INVESTMENTS AND SERVICING OF FINANCEInterest received 347,926 75,973TAXATIONOverseas tax paid (77,312) (80,775)CAPITAL EXPENDITUREPurchase of tangible fixed assets - (650)Proceeds from disposal of property, plant and equipment - 9,863,745 NET CASH (OUTFLOW)/INFLOW BEFOREMANAGEMENT OF LIQUID RESOURCES (308,917) 9,929,759 MANAGEMENT OF LIQUID RESOURCESIncrease in short term deposits - (9,673,359) (DECREASE)/INCREASE IN CASH (308,917) 256,400 The financial information set out above does not constitute statutory accountsfor the year ended 31st March 2007 or 2006 but derived from those accounts.Statutory accounts for 2006 have been delivered to the Registrar of Companies,and those for 2007 will be delivered following the Company's annual generalmeeting. The auditors have reported on those accounts and did not containstatements under section 237(2) of (3) of the Companies Act 1985. This information is provided by RNS The company news service from the London Stock Exchange