Last checked at 24 Nov 2016 11:15
Hidong Estate PLC
(Incorporated in England)
Interim report of shareholders for the half year ended
30 September 2016
The results for the half year ended 30 September 2016 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2016
| Half year ended | Half year ended | Year ended |
| 30 Sept 2016 | 30 Sept 2015 | 31 Mar 2016 |
| RM | RM | RM |
|
|
|
|
Administrative expenses | (91,000) | (90,193) | (299,744) |
Other income | - | - | 4,620 |
|
|
|
|
Operating loss | (91,000) | (90,193) | (295,124) |
Income from investments | 29,266 | 27,612 | 34,067 |
Gain on disposal of investments | - | 19,528 | 19,527 |
Interest receivable on short term bank deposits |
186,321 |
165,309 |
404,845 |
Profit on ordinary activities before taxation |
124,587 |
122,256 |
163,315 |
|
|
|
|
Tax on profit on ordinary activities | (44,717) | (30,821) | (113,238) |
Retained profit for the period |
79,870 |
91,435 |
50,077 |
Basic and diluted profit per 10p share |
4.66 sen |
5.33 sen |
2.92 sen |
Notes:
1. The directors do not propose to pay any interim dividend (2015 : 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
24 November 2016 Chairman
Hidong Estate PLC
(Incorporated in England)
Balance sheet as at 30 September 2016
| As at | As at | As at |
| 30 Sept 2016 | 30 Sept 2015 | 31 Mar 2016 |
| RM | RM | RM |
Fixed assets |
|
|
|
Investments | 1,074,173 | 1,080,860 | 1,070,883 |
|
|
|
|
Current assets |
|
|
|
Other receivables | - | 42,933 | 52,702 |
Cash and cash equivalents | 10,822,696 | 10,714,841 | 10,707,751 |
| 10,822,696 | 10,757,774 | 10,760,453 |
Current liabilities |
|
|
|
Trade and other payables | (526,338) | (478,747) | (540,675) |
| (526,338) | (478,747) | (540,675) |
|
|
|
|
Net current assets | 10,296,358 | 10,279,027 | 10,219,778 |
|
|
|
|
Net assets | 11,370,531 | 11,359,887 | 11,290,661 |
|
|
|
|
Capital and reserves |
|
|
|
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | 259,310 | 287,178 | 259,310 |
Profit and loss account | 10,043,375 | 10,004,863 | 9,963,505 |
|
|
|
|
Shareholders' Funds | 11,370,531 | 11,359,887 | 11,290,661 |
These financial statements were approved by the Board of Directors on 24 November 2016.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of Other Comprehensive Income for the half year ended 30 September 2016
| Half year ended | Half year ended | Year ended |
| 30 Sept 2016 | 30 Sept 2015 | 31 Mar 2016 |
| RM | RM | RM |
Profit for the period | 79,870 | 91,435 | 50,077 |
|
|
|
|
Other Comprehensive Income |
|
|
|
Unrealised gains on investments | - | - | (27,868) |
Total Other Comprehensive Income for the period |
79,870 |
91,435 |
22,209 |
Hidong Estate PLC
(Incorporated in England)
Cash flow statement for the half year ended 30 September 2016
| Half year ended | Half year ended | Year ended |
| 30 Sept 2016 | 30 Sept 2015 | 31 Mar 2016 |
| RM | RM | RM |
| Cash flows from operating activities |
|
|
|
Profit for the year | 79,870 | 91,435 | 50,077 |
Adjustments for: |
|
|
|
Interest receivable on short term bank deposits | (186,321) | (165,309) | (404,845) |
Gain on disposal of investments | - | (19,528) | (19,527) |
Income from investments | (29,266) | (27,612) | (34,067) |
Taxation | 44,717 | 30,821 | 113,238 |
| (91,000) | (90,193) | (295,124) |
(Decrease)/increase in trade and other payables | (15,724) | - | 49,945 |
| (106,724) | (90,193) | (245,179) |
Tax paid | (43,330) | (30,000) | (100,434) |
Net cash from operating activities | (150,054) | (120,193) | (345,613) |
| Cash flows from investing activities |
|
|
|
Dividend received | 29,266 | 27,612 | 27,469 |
Interest received | 239,023 | 165,309 | 395,076 |
Purchase of investments | (3,290) | (3,928) | (15,222) |
Sale of investments | - | 44,876 | 44,876 |
| Net cash from investing activities | 264,999 | 233,869 | 452,199 |
| Cash flows from financing activities |
|
|
|
| Increase in short term deposits | - | (100,000) | (200,081) |
| Net cash from financing activities | - | (100,000) | (200,081) |
| Increase/(decrease) in cash | 114,945 | 13,676 | (93,495) |
| Cash and cash equivalents at 31 March 2016 | 10,822,696 | 10,714,841 | 10,707,751 |