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Last checked at 
24 Nov 2011 09:31
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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 2011
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The results for the half year ended 30 September 2011 are given below with appropriate comparative figures:-
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Profit and loss account for the half year ended 30 September 2011
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Half year ended | Half year ended | Year ended | |
30 Sept 2011 | 30 Sept 2010 | 31 Mar 2011 | |
RM | RM | RM | |
Administrative expenses | (79,515) | (111,441) | (156,053) |
Operating loss | (79,515) | (111,441) | (156,053) |
Income from investments | 21,033 | 12,285 | 26,575 |
Gain on disposal of investments | 40,935 | 18,828 | 18,828 |
Impairment of investments | - | - | (13,196) |
Interest receivable on short term bank deposits |
117,327 |
130,769 |
273,158 |
Β Profit on ordinary activities before taxation | Β 99,780 | Β 50,441 | Β 149,312 |
Tax on profit on ordinary activities | (18,638) | (21,154) | (57,712) |
Β Retained profit for the period |
81,142 |
29,287 | Β 91,600 |
Β Basic and diluted profit per 10p share | Β 4.74 sen | Β 1.71 sen | Β 5.35 sen |
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Notes:
1. The directors do not propose to pay any interim dividend (2010 : 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
24 November 2011 Chairman
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Hidong
Estate
PLC
(Incorporated in England)
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Balance sheet as at 30 September 2011
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As at | As at | As at | |
30 Sept 2011 | 30 Sept 2010 | 31 Mar 2011 | |
RM | RM | RM | |
Fixed assets | |||
Investments | 1,049,503 | 941,046 | 1,180,516 |
Current Assets | |||
Debtors | 6,457 | 44,151 | 30,781 |
Cash at bank and in hand | 9,689,286 | 9,889,246 | 9,772,976 |
9,695,743 | 9,933,397 | 9,803,757 | |
Current Liability | |||
Creditors | (423,764) | (456,504) | (455,738) |
(423,764) | (456,504) | (455,738) | |
Net current assets | 9,271,979 | 9,476,893 | 9,348,019 |
10,321,482 | 10,417,939 | 10,528,535 | |
Capital And Reserves | |||
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | (9,635) | 230,277 | 278,560 |
Profit and loss account | 9,263,271 | 9,119,816 | 9,182,129 |
Shareholders' Funds | 10,321,482 | 10,417,939 | 10,528,535 |
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These financial statements were approved by the Board of Directors on 24 November 2011.
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CHEW SING GUAN )
)
) Directors
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CHEW BEOW SOON )
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Statement of total recognised gains and losses for the half year ended 30 September 2011
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Half year ended | Half year ended | Year ended | |
30 Sept 2011 | 30 Sept 2010 | 31 Mar 2011 | |
RM | RM | RM Β | |
Profit for the period | 81,142 | 29,287 | 91,600 |
Unrealised (losses)/gains on investments | (288,195) | 72,754 | 121,037 |
Β Total recognised (losses)/gains for the period | Β (207,053) | Β 102,041 | Β 212,637 |
Hidong
Estate
PLC
(Incorporated in England)
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Reconciliation of operating loss to net cash outflow from operating activities
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Half year ended | Half year ended | Year ended | |
30 Sept 2011 | 30 Sept 2010 | 31 Mar 2011 | |
RM | RM | RM | |
Operating loss | (79,515) | (111,441) | (156,053) |
Decrease in debtors | 24,324 | 39,516 | - |
Decrease in creditors | (31,974) | (6,565) | (8,515) |
Β Net cash outflow from operating activities |
(87,165) |
(78,490) | Β (164,568) |
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Cash flow statement for the half year ended 30 September 2011
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Half year ended | Half year ended | Year ended | |
30 Sept 2011 | 30 Sept 2010 | 31 Mar 2011 | |
RM | RM | RM | |
NET CASH OUTFLOW FROM OPERATING ACTIVITIES | Β (87,165) | Β (78,490) | Β (164,568) |
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RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
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Dividend received | 21,033 | 12,285 | 26,575 |
Interest received | 117,327 | 130,769 | 322,520 |
TAXATION | |||
Overseas tax paid | (18,638) | (21,154) | Β (53,004) |
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS | |||
Purchase of investments | (701,658) | (189,599) | (393,981) |
Sale of investments | 585,411 Β | 107,477 | 107,476 Β |
NET CASH OUTFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES | Β (83,690) | Β (38,712) | Β (154,982) |
MANAGEMENT OF LIQUID RESOURCES | |||
Decrease in short term deposits | 200,000 Β | 100,000 | 200,000 Β |
INCREASE IN CASH | 116,310 | 61,288 | 45,018 |
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