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1 Dec 2014 07:00
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Hidong
Estate
PLC
(Incorporated in England)
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Interim report of shareholders for the half year ended
30 September 2014
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The results for the half year ended 30 September 2014 are given below with appropriate comparative figures:-
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Profit and loss account for the half year ended 30 September 2014
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HalfΒ yearΒ ended | HalfΒ yearΒ ended | Year ended | |
30 Sept 2014 | 30 Sept 2013 | 31 Mar 2014 | |
RM | RM | RM | |
Administrative expenses | (84,064) | (104,743) | (155,418) |
Operating loss | (84,064) | (104,743) | (155,418) |
Income from investments | 40,161 | 45,715 | 60,063 |
Gain on disposal of investments | 37,186 | 120,414 | 149,681 |
Interest receivable on short term bank deposits |
172,441 |
164,954 |
334,178 |
Β Profit on ordinary activities before taxation | Β 165,724 | Β 226,340 | Β 388,504 |
Tax on profit on ordinary activities | (34,488) | (32,991) | (67,166) |
Β Retained profit for the period |
131,236 |
193,349 | Β 321,338 |
Β Basic and diluted profit per 10p share | Β 7.66 sen | Β 11.28 sen | Β 18.76 sen |
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Notes:
1. The directors do not propose to pay any interim dividend (2013 : 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.
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Penang CHEW SING GUAN
26 November 2014 Chairman
Hidong
Estate
PLC
(Incorporated in England)
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Balance sheet as at 30 September 2014
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As at | As at | As at | |
30 Sept 2014 | 30 Sept 2013 | 31 Mar 2014 | |
RM | RM | RM | |
Fixed assets | |||
Investments | 1,084,579 | 1,066,721 | 1,106,044 |
Current assets | |||
Debtors | 49,298 | 60,755 | 35,729 |
Cash at bank and in hand | 10,587,584 | 10,261,424 | 10,440,230 |
10,636,882 | 10,322,179 | 10,475,959 | |
Current liabilities | |||
Creditors | (464,305) | (461,979) | (473,212) |
(464,305) | (461,979) | (473,212) | |
Net current assets | 10,172,577 | 9,860,200 | 10,002,747 |
Net assets | 11,257,156 | 10,926,921 | 11,108,791 |
Capital and reserves | |||
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | 271,677 | 200,667 | 254,548 |
Profit and loss account | 9,917,633 | 9,658,408 | 9,786,397 |
Shareholders' Funds | 11,257,156 | 10,926,921 | 11,108,791 |
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These financial statements were approved by the Board of Directors on 26 November 2014.
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CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
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Statement of total recognised gains and losses for the half year ended 30 September 2014
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HalfΒ yearΒ ended | HalfΒ yearΒ ended | Year ended | |
30 Sept 2014 | 30 Sept 2013 | 31 Mar 2014 | |
RM | RM | RM Β | |
Profit for the period | 131,236 | 193,349 | 321,338 |
Unrealised gains on investments | 17,129 | 15,082 | 68,963 |
Β Total recognised gains for the period | Β 148,365 | Β 208,431 | Β 390,301 |
Hidong
Estate
PLC
(Incorporated in England)
Β
Reconciliation of operating loss to net cash outflow from operating activities
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HalfΒ yearΒ ended | HalfΒ yearΒ ended | Year ended | |
30 Sept 2014 | 30 Sept 2013 | 31 Mar 2014 | |
RM | RM | RM | |
Operating loss | (84,064) | (104,743) | (155,418) |
(Decrease)/increase in creditors | (13,502) | (5,828) | 7,135 |
Β Net cash outflow from operating activities |
(97,566) |
(110,571) | Β (148,283) |
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Cash flow statement for the half year ended 30 September 2013
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HalfΒ yearΒ ended | HalfΒ yearΒ ended | Year ended | |
30 Sept 2014 | 30 Sept 2013 | 31 Mar 2014 | |
RM | RM | RM | |
NET CASH OUTFLOW FROM OPERATING ACTIVITIES | Β (97,566) | Β (110,571) | Β (148,283) |
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RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
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Dividend received | 40,161 | 45,715 | 60,063 |
Interest received | 158,872 | 151,857 | 333,480 |
TAXATION | |||
Overseas tax paid | (29,893) | (19,869) | Β (43,148) |
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS | |||
Purchase of investments | (4,995) | (5,368) | (31,367) |
Sale of investments | 80,775 | 469,783 | 539,608 |
NET CASH INFLOW BEFORE MANAGEMENT OF LIQUID ESOURCES | Β 147,354 | Β 531,547 | Β 710,353 |
MANAGEMENT OF LIQUID RESOURCES | |||
Increase in short term deposits | (100,000) Β | (600,000) Β | (700,000) |
INCREASE/(DECREASE) IN CASH | 47,354 | (68,453) | 10,353 |
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