TIDMHID
RNS Number : 7004S
Hidong Estate PLC
24 November 2011
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 Half year Year ended
ended 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 4.74 sen 1.71 sen 5.35 sen
per 10p share
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 Half year Year ended
ended 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 Half year Year ended
ended 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 Half year Year ended
ended 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
------------------- ------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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