TIDMHID
RNS Number : 0832Q
Hidong Estate PLC
24 November 2016
Hidong Estate PLC
(Incorporated in England)
Interim report of shareholders for the half year ended
30 September 2016
The results for the half year ended 30 September 2016 are given
below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September
2016
Half year Half year Year ended
ended ended
30 Sept 30 Sept 31 Mar
2016 2015 2016
RM RM RM
Administrative expenses (91,000) (90,193) (299,744)
Other income - - 4,620
-------------------- -------------------- ------------------
Operating loss (91,000) (90,193) (295,124)
Income from investments 29,266 27,612 34,067
Gain on disposal of
investments - 19,528 19,527
Interest receivable
on short term bank
deposits 186,321 165,309 404,845
-------------------- -------------------- ------------------
Profit on ordinary
activities before
taxation 124,587 122,256 163,315
Tax on profit on ordinary
activities (44,717) (30,821) (113,238)
-------------------- -------------------- ------------------
Retained profit for
the period 79,870 91,435 50,077
-------------------- -------------------- ------------------
Basic and diluted 4.66 sen 5.33 sen 2.92 sen
profit per 10p share
Notes:
1. The directors do not propose to pay any interim dividend (2015 : 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 2016 Chairman
Hidong Estate PLC
(Incorporated in England)
Balance sheet as at 30 September 2016
As at As at As at
30 Sept 30 Sept 31 Mar
2016 2015 2016
RM RM RM
Fixed assets
Investments 1,074,173 1,080,860 1,070,883
Current assets
Other receivables - 42,933 52,702
Cash and cash equivalents 10,822,696 10,714,841 10,707,751
10,822,696 10,757,774 10,760,453
----------- ----------- -----------
Current liabilities
Trade and other payables (526,338) (478,747) (540,675)
(526,338) (478,747) (540,675)
----------- ----------- -----------
Net current assets 10,296,358 10,279,027 10,219,778
Net assets 11,370,531 11,359,887 11,290,661
----------- ----------- -----------
Capital and reserves
Called up share capital 1,067,846 1,067,846 1,067,846
Fair value reserve 259,310 287,178 259,310
Profit and loss account 10,043,375 10,004,863 9,963,505
Shareholders' Funds 11,370,531 11,359,887 11,290,661
----------- ----------- -----------
These financial statements were approved by the Board of
Directors on 24 November 2016.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of Other Comprehensive Income for the half year ended
30 September 2016
Half year Half year Year ended
ended ended
30 Sept 30 Sept 31 Mar
2016 2015 2016
RM RM RM
Profit for the period 79,870 91,435 50,077
Other Comprehensive
Income
Unrealised gains on
investments - - (27,868)
Total Other Comprehensive
Income for the period 79,870 91,435 22,209
---------- ---------- -----------
Hidong Estate PLC
(Incorporated in England)
Cash flow statement for the half year ended 30 September
2016
Half year Half year Year
ended ended ended
30 Sept 30 Sept 31 Mar
2016 2015 2016
RM RM RM
Cash flows from operating
activities
Profit for the year 79,870 91,435 50,077
Adjustments for:
Interest receivable on
short term bank deposits (186,321) (165,309) (404,845)
Gain on disposal of investments - (19,528) (19,527)
Income from investments (29,266) (27,612) (34,067)
Taxation 44,717 30,821 113,238
----------- ----------- -----------
(91,000) (90,193) (295,124)
(Decrease)/increase in
trade and other payables (15,724) - 49,945
----------- ----------- -----------
(106,724) (90,193) (245,179)
Tax paid (43,330) (30,000) (100,434)
----------- ----------- -----------
Net cash from operating
activities (150,054) (120,193) (345,613)
----------- ----------- -----------
Cash flows from investing
activities
Dividend received 29,266 27,612 27,469
Interest received 239,023 165,309 395,076
Purchase of investments (3,290) (3,928) (15,222)
Sale of investments - 44,876 44,876
----------- ----------- -----------
Net cash from investing
activities 264,999 233,869 452,199
----------- ----------- -----------
Cash flows from financing
activities
Increase in short term
deposits - (100,000) (200,081)
----------- ----------- -----------
Net cash from financing
activities - (100,000) (200,081)
----------- ----------- -----------
Increase/(decrease) in
cash 114,945 13,676 (93,495)
----------- ----------- -----------
Cash and cash equivalents
at 31 March 2016 10,822,696 10,714,841 10,707,751
----------- ----------- -----------
This information is provided by RNS
The company news service from the London Stock Exchange
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November 24, 2016 06:15 ET (11:15 GMT)
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