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Last checked at 
24 Nov 2011 09:31
Hidong
Estate
PLC
(Incorporated in England)
Interim report of shareholders for the half year ended
30 September 2011
The results for the half year ended 30 September 2011 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2011
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 |
Profit on ordinary activities before taxation |
99,780 |
50,441 |
149,312 |
Tax on profit on ordinary activities | (18,638) | (21,154) | (57,712) |
Retained profit for the period |
81,142 |
29,287 |
91,600 |
Basic and diluted profit per 10p share |
4.74 sen |
1.71 sen |
5.35 sen |
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.
Penang CHEW SING GUAN
24 November 2011 Chairman
Hidong
Estate
PLC
(Incorporated in England)
Balance sheet as at 30 September 2011
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 |
These financial statements were approved by the Board of Directors on 24 November 2011.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of total recognised gains and losses for the half year ended 30 September 2011
Half year ended | Half year ended | Year ended | |
30 Sept 2011 | 30 Sept 2010 | 31 Mar 2011 | |
RM | RM | RM
| |
Profit for the period | 81,142 | 29,287 | 91,600 |
Unrealised (losses)/gains on investments | (288,195) | 72,754 | 121,037 |
Total recognised (losses)/gains for the period |
(207,053) |
102,041 |
212,637 |
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 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) |
Net cash outflow from operating activities |
(87,165) |
(78,490) |
(164,568) |
Cash flow statement for the half year ended 30 September 2011
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 |
(87,165) |
(78,490) |
(164,568) |
| |||
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
| ||
Dividend received | 21,033 | 12,285 | 26,575 |
Interest received | 117,327 | 130,769 | 322,520 |
TAXATION | |||
Overseas tax paid | (18,638) | (21,154) | (53,004) |
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS | |||
Purchase of investments | (701,658) | (189,599) | (393,981) |
Sale of investments | 585,411
| 107,477 | 107,476
|
NET CASH OUTFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES |
(83,690) |
(38,712) |
(154,982) |
MANAGEMENT OF LIQUID RESOURCES | |||
Decrease in short term deposits | 200,000
| 100,000 | 200,000
|
INCREASE IN CASH | 116,310 | 61,288 | 45,018 |
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