Hidong Est. Regulatory News (HID)

29 Jul 2005 11:47

Hidong Estate PLC29 July 2005 Hidong Estate PLCPreliminary Final Results Profit and loss account for theyear ended 31st March, 2005 Continuing Operations 2005 2004 RM RMTurnover 1,927,119 1,938,774Cost of sales - including replantingexpenditure of RM34,938 (2004: RM84,832) (1,379,475) (1,395,702) --------- ---------Gross profit 547,644 543,072Distribution costs (80,532) (83,450)Administrative expenses (138,754) (162,788) --------- --------- 328,358 296,834Other income 16,786 14,520 --------- ---------Operating profit 345,144 311,354Tangible fixed assets written off (1) -Interest receivable on short term deposits 25,833 16,620 --------- ---------Profit on ordinary activities before taxation 370,976 327,974Tax on profit on ordinary activities (81,397) (3,324) --------- ---------RETAINED PROFIT FOR THE YEAR 289,579 324,650 ========= =========Profit per 10p share 16.90 sen 18.95 sen ========= ========= STATEMENT OF TOTAL RECOGNISEDGAINS AND LOSSES FOR THE YEAR ENDED 31st MARCH 2005 2005 2004 RM RM Surplus on revaluation of properties - - Deferred tax liability - - -------- --------Net gains not recognised in the profit and loss account - - Net profit for the year 289,579 324,650 -------- --------Total recognised gains for the year 289,579 324,650 ======== ======== Hidong Estate PlcPreliminary Final ResultsBalance Sheet as at 31st March 2005 2005 2004 RM RMFIXED ASSETS Tangible fixed assets 7,677,932 7,631,942 CURRENT ASSETS Stocks 152,907 90,640Debtors 218,413 209,086Cash at bank and in hand 1,014,913 690,783Tax refundable 204 50,720 --------- --------- 1,386,437 1,041,229 --------- ---------CREDITORS: amounts falling due within one year (315,543) (221,976) --------- ---------NET CURRENT ASSETS 1,070,894 819,253 --------- ---------TOTAL ASSETS LESS CURRENT LIABILITIES 8,748,826 8,451,195PROVISION FOR LIABILITIES AND CHARGES (563,186) (555,134) --------- ---------NET ASSETS 8,185,640 7,896,061 ========= =========CAPITAL AND RESERVESCalled up share capital 1,067,846 1,067,846Revaluation reserve 5,832,048 5,832,048Profit and loss account 1,285,746 996,167 --------- ---------TOTAL EQUITY SHAREHOLDERS' FUNDS 8,185,640 7,896,061 ========= ========= . Hidong Estate PLCPreliminary Final ResultsCash flow statement for the year ended 31st March 2005 2005 2004 RM RM NET CASH INFLOW FROMOPERATING ACTIVITIES 407,408 315,766 RETURNS ON INVESTMENTS ANDSERVICING OF FINANCEInterest received 25,833 16,620 TAXATION Overseas tax paid (74,021) (1,801)Overseas tax refunded 43,140 11,376 CAPITAL EXPENDITUREPurchase of tangible fixed assets (78,230) - NET CASH INFLOW BEFOREMANAGEMENT OF LIQUID RESOURCES 324,130 341,961 MANAGEMENT OF LIQUID RESOURCES Increase in short term deposits (420,000) (350,000) --------- ---------(DECREASE) IN CASH (95,870) (8,039) ========= ========= The financial information set out above does not constitute statutory accountsfor the years ended 31st March 2005 or 2004 but derived from those accounts.Statutory accounts for 2004 have been delivered to the Registrar of Companies,and those for 2005 will be delivered following the Company's annual generalmeeting. The auditors have reported on those accounts, their report wereunqualified and did not contain statements under section 237(2) of (3) of theCompanies Act 1985. This information is provided by RNS The company news service from the London Stock Exchange