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Last checked at 
26 Nov 2015 10:42
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Hidong
Estate
PLC
(Incorporated in England)
Β
Interim report of shareholders for the half year ended
30 September 2015
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The results for the half year ended 30 September 2015 are given below with appropriate comparative figures:-
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Profit and loss account for the half year ended 30 September 2015
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HalfΒ year ended | HalfΒ year ended | Year ended | |
30 Sept 2015 | 30 Sept 2014 | 31 Mar 2015 | |
RM | RM | RM | |
Administrative expenses | (90,193) | (84,064) | (248,357) |
Operating loss | (90,193) | (84,064) | (248,357) |
Income from investments | 27,612 | 40,161 | 46,332 |
Gain on disposal of investments | 19,528 | 37,186 | 37,186 |
Interest receivable on short term bank deposits |
165,309 |
172,441 |
359,721 |
Β Profit on ordinary activities before taxation | Β 122,256 | Β 165,724 | Β 194,882 |
Tax on profit on ordinary activities | (30,821) | (34,488) | (67,851) |
Β Retained profit for the period |
91,435 |
131,236 | Β 127,031 |
Β Basic and diluted profit per 10p share | Β 5.33 sen | Β 7.66 sen | Β 7.41 sen |
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Notes:
1. The directors do not propose to pay any interim dividend (2014 : 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 2015 Chairman
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Hidong
Estate
PLC
(Incorporated in England)
Β
Balance sheet as at 30 September 2015
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As at | As at | As at | |
30 Sept 2015 | 30 Sept 2014 | 31 Mar 2015 | |
RM | RM | RM | |
Fixed assets | |||
Investments | 1,080,860 | 1,084,579 | 1,102,280 |
Current assets | |||
Debtors | 42,933 | 49,298 | 42,933 |
Cash at bank and in hand | 10,714,841 | 10,587,584 | 10,601,165 |
10,757,774 | 10,636,882 | 10,644,098 | |
Current liabilities | |||
Creditors | (478,747) | (464,305) | (477,926) |
(478,747) | (464,305) | (477,926) | |
Net current assets | 10,279,027 | 10,172,577 | 10,166,172 |
Net assets | 11,359,887 | 11,257,156 | 11,268,452 |
Capital and reserves | |||
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | 287,178 | 271,677 | 287,178 |
Profit and loss account | 10,004,863 | 9,917,633 | 9,913,428 |
Shareholders' Funds | 11,359,887 | 11,257,156 | 11,268,452 |
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These financial statements were approved by the Board of Directors on 26 November 2015.
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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 2015
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HalfΒ year ended | HalfΒ year ended | Year ended | |
30 Sept 2015 | 30 Sept 2014 | 31 Mar 2015 | |
RM | RM | RM Β | |
Profit for the period | 91,435 | 131,236 | 127,031 |
Unrealised gains on investments | - | 17,129 | 32,630 |
Β Total recognised gains for the period | Β 91,435 | Β 148,365 | Β 159,661 |
Hidong
Estate
PLC
(Incorporated in England)
Β
Reconciliation of operating loss to net cash outflow from operating activities
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HalfΒ year ended | HalfΒ year ended | Year ended | |
30 Sept 2015 | 30 Sept 2014 | 31 Mar 2015 | |
RM | RM | RM | |
Operating loss | (90,193) | (84,064) | (248,357) |
(Decrease)/increase in creditors | - | (13,502) | 2,870 |
Β Net cash outflow from operating activities |
(90,193) |
(97,566) | Β (245,487) |
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Cash flow statement for the half year ended 30 September 2015
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HalfΒ year ended | HalfΒ year ended | Year ended | |
30 Sept 2015 | 30 Sept 2014 | 31 Mar 2015 | |
RM | RM | RM | |
NET CASH OUTFLOW FROM OPERATING ACTIVITIES | Β (90,193) | Β (97,566) | Β (245,487) |
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RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
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Dividend received | 27,612 | 40,161 | 39,138 |
Interest received | 165,309 | 158,872 | 352,517 |
TAXATION | |||
Overseas tax paid | (30,000) | (29,893) | Β (66,007) |
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS | |||
Purchase of investments | (3,928) | (4,995) | - |
Sale of investments | 44,876 | 80,775 | 80,774 |
NET CASH INFLOW BEFORE MANAGEMENT OF LIQUID ESOURCES | Β 113,676 | Β 147,354 | Β 160,935 |
MANAGEMENT OF LIQUID RESOURCES | |||
Increase in short term deposits | (100,000) Β | (100,000) Β | (100,000) |
INCREASE IN CASH | 13,676 | 47,354 | 60,935 |
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