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Last checked at 
20 Nov 2017 10:39
Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2017
The results for the half year ended 30 September 2017 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2017
Half year ended | Half year ended | Year ended | |
30 Sept 2017 | 30 Sept 2016 | 31 Mar 2017 | |
RM | RM | RM | |
Administrative expenses | (60,370) | (91,000) | (201,209) |
Operating loss | (60,370) | (91,000) | (201,209) |
Income from investments | 38,715 | 29,266 | 37,116 |
Gain on disposal of investments | 23,671 | - | 10,016 |
Interest receivable and similar income | 167,100 | 186,321 | 407,013 |
Profit on ordinary activities before taxation |
169,116 |
124,587 |
252,936 |
Tax on profit on ordinary activities | (40,104) | (44,717) | (89,281) |
Profit for the period |
129,012 |
79,870 |
163,655 |
Basic and diluted profit per 10p share |
7.53 sen |
4.66 sen |
9.55 sen |
Notes:
1. The directors do not propose to pay any interim dividend (2016 : RM Nil).
2. Copies of the Interim Report are available from the Company's registered office at Neville House 18 Laurel Lane Halesowen West Midlands B63 3DA.
Penang CHEW SING GUAN
20 November 2017 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2017
As at | As at | As at | |
30 Sept 2017 | 30 Sept 2016 | 31 Mar 2017 | |
RM | RM | RM | |
Fixed assets | |||
Investments | 1,096,107 | 1,074,173 | 1,141,457 |
Current assets | |||
Debtors | - | - | 25,547 |
Deposits | 10,700,000 | 10,600,081 | 10,700,081 |
Cash at bank and in hand | 238,335 | 222,615 | 146,191 |
10,938,335 | 10,822,696 | 10,871,819 | |
Current liabilities | |||
Creditors : amount falling due within one year |
(381,634) |
(526,338) |
(489,480) |
(381,634) | (526,338) | (489,480) | |
Net current assets | 10,556,701 | 10,296,358 | 10,382,339 |
Net assets | 11,652,808 | 11,370,531 | 11,523,796 |
Capital and reserves | |||
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | 328,790 | 259,310 | 328,790 |
Profit and loss account | 10,256,172 | 10,043,375 | 10,127,160 |
Shareholders' Funds | 11,652,808 | 11,370,531 | 11,523,796 |
These financial statements were approved by the Board of Directors on 20 November 2017.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of Other Comprehensive Income for the half year ended 30 September 2017
Half year ended | Half year ended | Year ended | |
30 Sept 2017 | 30 Sept 2016 | 31 Mar 2017 | |
RM | RM | RM | |
Profit for the period | 129,012 | 79,870 | 163,655 |
Other Comprehensive Income | |||
Unrealised gains on investments | - | - | 69,480 |
Total Comprehensive Income for the period |
129,012 |
79,870 |
233,135 |
Hidong
Estate
PLC
Cash flow statement for the half year ended 30 September 2017
Half year ended | Half year ended | Year ended | |
30 Sept 2017 | 30 Sept 2016 | 31 Mar 2017 | |
RM | RM | RM | |
| Cash flows from operating activities | |||
Profit for the period | 129,012 | 79,870 | 163,655 |
Adjustments for: | |||
Interest receivable and similar income | (167,100) | (186,321) | (407,013) |
Gain on disposal of investments | (23,671) | - | (10,016) |
Income from investments | (38,715) | (29,266) | (37,116) |
Taxation | 40,104 | 44,717 | 89,281 |
(60,370) | (91,000) | (201,209) | |
Decrease in other creditors | (103,775) | (15,724) | (44,845) |
(164,145) | (106,724) | (246,054) | |
Tax paid | (44,174) | (43,330) | (95,631) |
Net cash used in operating activities | (208,319) | (150,054) | (341,685) |
| Cash flows from investing activities | |||
Dividend received | 38,715 | 29,266 | 31,572 |
Interest received | 192,645 | 239,023 | 434,169 |
Purchase of investments | (3,168) | (3,290) | - |
Sale of investments | 72,190 | - | 14,465 |
| Decrease/(increase) in deposits | 81 | - | (100,000) |
| Net cash from investing activities | 300,463 | 264,999 | 380,206 |
| Cash flows from financing activities | - | - | - |
| Net increase in cash and cash equivalents | 92,144 | 114,945 | 38,521 |
| Cash and cash equivalents at 1 April | 146,191 | 107,670 | 107,670 |
| Cash and cash equivalents at 30September/31 March | 238,335 | 222,615 | 146,191 |
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