TIDMHID
RNS Number : 0687H
Hidong Estate PLC
26 November 2015
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 Half year Year ended
ended 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 5.33 sen 7.66 sen 7.41 sen
per 10p share
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 Half year Year ended
ended 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 Half year Year ended
ended 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 Half year Year ended
ended 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
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November 26, 2015 05:42 ET (10:42 GMT)
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