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Half Yearly Report

Thu, 26th Nov 2015 10:42

RNS Number : 0687H
Hidong Estate PLC
26 November 2015

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Hidong

Estate

PLC

(Incorporated in England)

Interim report of shareholders for the half year ended

30 September 2015

The results for the half year ended 30 September 2015 are given below with appropriate comparative figures:-

Profit and loss account for the half year ended 30 September 2015

Half year ended

Half 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

Profit on ordinary activities before taxation

122,256

165,724

194,882

Tax on profit on ordinary activities

(30,821)

(34,488)

(67,851)

Retained profit for the period

91,435

131,236

127,031

Basic and diluted profit per 10p share

5.33 sen

7.66 sen

7.41 sen

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.

Penang CHEW SING GUAN

26 November 2015 Chairman

Hidong

Estate

PLC

(Incorporated in England)

Balance sheet as at 30 September 2015

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

These financial statements were approved by the Board of Directors on 26 November 2015.

CHEW SING GUAN )

)

) Directors

)

CHEW BEOW SOON )

Statement of total recognised gains and losses for the half year ended 30 September 2015

Half year ended

Half year ended

Year ended

30 Sept 2015

30 Sept 2014

31 Mar 2015

RM

RM

RM

Profit for the period

91,435

131,236

127,031

Unrealised gains on investments

-

17,129

32,630

Total recognised gains for the period

91,435

148,365

159,661

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 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

Net cash outflow from operating activities

(90,193)

(97,566)

(245,487)

Cash flow statement for the half year ended 30 September 2015

Half year ended

Half year ended

Year ended

30 Sept 2015

30 Sept 2014

31 Mar 2015

RM

RM

RM

NET CASH OUTFLOW FROM OPERATING ACTIVITIES

(90,193)

(97,566)

(245,487)

RETURNS ON INVESTMENTS AND SERVICING OF FINANCE

Dividend received

27,612

40,161

39,138

Interest received

165,309

158,872

352,517

TAXATION

Overseas tax paid

(30,000)

(29,893)

(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

113,676

147,354

160,935

MANAGEMENT OF LIQUID RESOURCES

Increase in short term deposits

(100,000)

(100,000)

(100,000)

INCREASE IN CASH

13,676

47,354

60,935

This information is provided by RNS
The company news service from the London Stock Exchange
END
IR BQLFLEFFXFBE
Date   Source Headline
11th Feb 20209:28 amRNSInterim Management Statement
25th Oct 201910:27 amRNSHalf-year Report
23rd Sep 201912:09 pmRNSResult of AGM
9th Aug 201911:44 amRNSHidong Estate PLC - Interim Management Statement
26th Jul 201911:05 amRNSHidong Estate PLC - Annual Financial Report

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