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26 Nov 2008 10:18
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HidongΒ EstateΒ PLC
(Incorporated inΒ England)
___________________________________________________________________________________
Interim report of shareholders for the half year endedΒ 30 September 2008
The results for the half year ended 30Β SeptemberΒ 2008 are given below with appropriate comparativeΒ figures:
|
Half Year Ended 30 Sept 2008 RM |
Half Year Ended 30 Sept 2007 RM |
Year Ended 31 March 2008 RM |
|
|
Administrative expenses |
(107 987) |
(99,103) |
(213,439) |
|
Operating loss-discontinued operations |
(107 987) |
(99,103) |
(213,439) |
|
Other income |
6,105 |
7,820 |
39,799 |
|
Changes in the fair value of investments |
(177,904) |
- |
- |
|
Interest receivable on short term deposits |
152,322 |
173,222 |
347,522 |
|
(Loss)/profit on.ordinary activities before taxation |
(127,464) |
82,029 |
173,882 |
|
Β Tax on profit onΒ ordinary activities |
Β - |
Β - |
Β (74,655) |
|
Β Retained (Loss)/ProfitΒ For The. Period |
Β (127,464) |
Β 82,029 |
Β 99,227 |
|
Β Basic and. Diluted (loss)/profit for the Period share - discontinued operations |
Β Β Β (7.44) sen |
Β Β Β 4.79 sen |
Β Β Β 5.79 sen |
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
The Company has no recognisedΒ gainsΒ and losses other than the loss of RM 127,464 for the six months period ended 30 September 2008 (2007 - gain RM82,029)
Notes:
1. The Company reported an operating loss of RM 127,464 for the six months period ended 30Β September 2008.
2. The directors do not propose to pay any interim dividend (2007: RM Nil)
3. Copies of the Interim Report are available from the Company's registered office atΒ 34 Beckenham Road,Β Beckenham,Β Kent, BR3 4TU England.
Penang CHEW SING GUAN
26 November 208 Chairman
Hidong Estate PLC
(Incorporated inΒ England)
_____________________________________________________________________
Balance Sheet as atΒ 30 September 2008
|
As at 30 Sept 2008 RM |
As at 30 Sept 2007 RM |
As at 31Β MarΒ 2008 RM |
|
|
Investments |
569,500 |
247,930 |
- |
|
Β Current Assets |
|||
|
Debtors |
27,044 |
164,237 |
485,489 |
|
Cash at bank and in hand |
10,099,349 |
10,577,021 |
10,894,213 |
|
Β Current Liability |
|||
|
Creditors |
(517,390) |
(563,226) |
(615,290) |
|
(517,390) |
(563,226) |
(615,290) |
|
|
Net Current Assets |
9,581,959 |
10,013,795 |
10,278,923 |
|
10,151,459 |
10,261.725 |
10,278,923 |
|
|
Capital and Reserves |
|||
|
Called up share capital |
1,067,846 |
1,067,846 |
1,067,846 |
|
Profit and loss account |
9,083,613 |
9,193,879 |
9,211,077 |
|
Shareholders' Funds |
10,151,459 |
10,261,725 |
10,278,923 |
These financial statements were approved by the Board of Directors on 26 November 2008Β
CHEW SING GUAN
Directors
HAJI ZAMBRI BIN HAJI MAHMUD
HidongΒ EstateΒ PLC
(Incorporated inΒ England)
___________________________________________________________________________________
Reconciliation of operating loss to net cash inflow/(outflow) from operating activities
Β
Β
|
Half year ended |
Half year ended |
Year ended |
|
|
30 Sept 2008 |
30 Sept 2007 |
31 Mar 2008 |
|
|
RM |
RM |
RM |
|
|
Operating loss |
(107,987) |
(99,013) |
(213,439) |
|
Decrease/(Increase in debtors |
458,445 |
(32,484) |
(353,736) |
|
(Decrease)/Increase in creditors |
(64,998) |
9,279 |
15,173 |
|
Net cash inflow/(outflow) from operating activities |
285,460 |
(122,218) |
(552,002) |
Β
Β
Cash flow statement for the half year ended 30 September 2008
Β
Β
|
Half year ended |
Half year ended |
Year ended |
|
|
30 Sept 2008 |
30 Sept 2007 |
31 Mar 2008 |
|
|
RM |
RM |
RM |
|
|
Net Cash Inflow/Outflow From Operating Activities |
285,460 |
(122,218) |
(552,002) |
|
Cash Flows From Investing Activities |
|||
|
Dividend received |
6,105 |
7,820 |
1,430 |
|
Interest received |
152,322 |
173,222 |
347,522 |
|
Gain on disposal of investments |
- |
- |
37,839 |
|
Purchase of quoted investments |
(747,404) |
(247,930) |
- |
|
Taxation |
|||
|
Overseas tax paid |
(32,902) |
(33,865) |
(61,820) |
|
Net Cash Outflow Before Management Of Liquid Resources |
(336,419) |
(222,971) |
(227,031) |
|
Management of Liquid Resources |
|||
|
Decrease in short term deposits |
180,000 |
379,058 |
368,572 |
|
(Decrease)/Increase in Cash |
(156,419) |
156,087 |
141,541 |
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