Last checked at 25 Oct 2022 10:52
Hidong
Estate
PLC
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Interim report of shareholders for the half year ended
30 September 2022
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The results for the half year ended 30 September 2022 are given below with appropriate comparative figures:-
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Statement of Comprehensive Income for the half year ended 30 September 2022
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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 | Â (19,412) |
Taxation | (21,000) | (24,500) | Â (48,900) |
 Profit/(loss) for the period |  16,981 |
60,176 | Â (68,312) |
 | |||
Other comprehensive income | |||
Fair Value (loss)/gain on investments | (123,943) | (315,316) | (264,570) |
Total Comprehensive (loss)/profit for the year | Â (106,962) | Â (255,140) | Â (332,882) |
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 Basic and diluted profit/(loss) per 10p share |   0.99 sen |   3.51 sen |   (3.99) sen |
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Notes:
1. The directors do not propose to pay any interim dividend (2021 : 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 United Kingdom.
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Penang, Malaysia CHEW SING GUAN
25 October 2022 Chairman
Hidong
Estate
PLC
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Balance sheet as at 30 September 2022
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As at | As at | As at | |
30 Sept 2022 | 30 Sept 2021 | 31 Mar 2022 | |
RM | RM | RM | |
Fixed assets | |||
Investments | 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 | Â | Â | |
Creditors : amount falling due within one year | Â (82,192) | Â - | Â (115,940) |
 | (82,192) | - | (115,940) |
 | |||
Net current assets | 11,101,310 | 10,715,360 | 11,088,135 |
 |  | ||
Net assets | 12,025,675 | 12,217,616 | 12,132,637 |
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Capital and reserves | Â | ||
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 |
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Shareholders' funds | 12,025,675 | 12,217,616 | 12,132,637Â |
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These financial statements were approved by the Board of Directors on 25 October 2022.
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CHEW SING GUAN )
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CHEW BEOW SOON )
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Hidong
Estate
PLC
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Statement of cash flows for the half year ended 30 September 2022
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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 |
| Â 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 |
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