Last checked at 19 Nov 2010 10:15
Hidong
Estate
PLC
(Incorporated in England)
Interim report of shareholders for the half year ended
30 September 2010
The results for the half year ended 30 September 2010 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2010
Half year ended | Half year ended | Year ended | |
30 Sept 2010 | 30 Sept 2009 | 31 Mar 2010 | |
RM | RM | RM | |
Administrative expenses | (111,441) | (100,394) | (216,098) |
Operating loss | (111,441) | (100,394) | (216,098) |
Income from investments | 12,285 | 9,780 | 11,156 |
Gain on disposal of investments | 18,828 | 89,070 | 106,187 |
Interest receivable on short term deposits | 130,769 | 111,175 | 223,196 |
Profit on ordinary activities before taxation |
50,441 |
109,631 |
124,441 |
Tax on profit on ordinary activities | (21,154) | (22,235) | (27,766) |
Retained profit for the period | 29,287 | 87,396 | 96,675 |
Basic and diluted profit per 10p share |
1.71 sen |
5.10 sen |
5.64 sen |
Notes:
1. The Company recorded a profit before tax of RM50,441 for the six months' period ended 30 September 2010 (2009 : RM109,631).
2. The directors do not propose to pay any interim dividend (2009 : RM Nil).
3. 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
19 November 2010 Chairman
Hidong
Estate
PLC
(Incorporated in England)
Balance sheet as at 30 September 2010
As at | As at | As at | |
30 Sept 2010 | 30 Sept 2009 | 31 Mar 2010 | |
RM | RM | RM | |
Fixed assets | |||
Investments | 941,046 | 499,720 | 767,342 |
Current Assets | |||
Debtors | 44,151 | 78,792 | 83,667 |
Cash at bank and in hand | 9,889,246 | 10,233,816 | 9,927,958 |
9,933,397 | 10,312,608 | 10,011,625 | |
Current Liability | |||
Creditors | (456,504) | (486,343) | (463,069) |
(456,504) | (486,343) | (463,069) | |
Net current assets | 9,476,893 | 9,826,265 | 9,548,556 |
10,417,939 | 10,325,985 | 10,315,898 | |
Capital And Reserves | |||
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | 230,277 | 176,889 | 157,523 |
Profit and loss account | 9,119,816 | 9,081,250 | 9,090,529 |
Shareholders' Funds | 10,417,939 | 10,325,985 | 10,315,898 |
These financial statements were approved by the Board of Directors on 19 November 2010.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of total recognised gains for the half year ended 30 September 2010
Half year ended | Half year ended | Year ended | |
30 Sept 2010 | 30 Sept 2009 | 31 Mar 2010 | |
RM | RM | RM
| |
Profit for the period | 29,287 | 87,396 | 96,675 |
Unrealised gains on investments | 72,754 | 170,542 | 137,506 |
Total recognised gains for the period | 102,041 | 257,938 | 234,181 |
Hidong
Estate
PLC
(Incorporated in England)
Reconciliation of operating loss to net cash outflow from operating activities
Half year ended | Half year ended | Year ended | |
30 Sept 2010 | 30 Sept 2009 | 31 Mar 2010 | |
RM | RM | RM | |
Operating loss | (111,441) | (100,394) | (216,098) |
Decrease/(increase) in debtors | 39,516 | (36,726) | 29,345 |
Decrease in creditors | (6,565) | (10,945) | (19,302) |
Net cash outflow from operating activities |
(78,490) |
(148,065) |
(206,055) |
Cash flow statement for the half year ended 30 September 2010
Half year ended | Half year ended | Year ended | |
30 Sept 2010 | 30 Sept 2009 | 31 Mar 2010 | |
RM | RM | RM | |
NET CASH OUTFLOW FROM OPERATING ACTIVITIES |
(78,490) |
(148,065) |
(206,055) |
| |||
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
| ||
Dividend received | 12,285 | 9,780 | 11,156 |
Interest received | 130,769 | 111,175 | 155,774 |
TAXATION | |||
Overseas tax paid | (21,154) | (25,176) | (49,148) |
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS | |||
Purchase of investments | (189,599) | (24,478) | (361,803) |
Sale of investments | 107,477 | 315,800 | 383,254
|
NET CASH (OUTFLOW)/INFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES |
(38,712) |
239,036 |
(66,822) |
MANAGEMENT OF LIQUID RESOURCES | |||
Decrease/(increase) in short term deposits | 100,000 | (200,000) | -
|
INCREASE/(DECREASE) IN CASH | 61,288 | 39,036 | (66,822) |