Half-year Report
Updated : 10:28
Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2019
The results for the half year ended 30 September 2019 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2019
| Half year ended | Half year ended | Year ended |
| 30 Sept 2019 | 30 Sept 2018 | 31 Mar 2019 |
| RM | RM | RM |
|
|
|
|
Administrative expenses | (54,667) | (78,883) | (245,790) |
|
|
|
|
Operating loss | (54,667) | (78,883) | (245,790) |
Income from investments | 21,160 | 34,172 | 54,297 |
Interest receivable and similar income | 165,020 | 153,716 | 388,628 |
Profit on ordinary activities before taxation |
131,513 |
109,005 |
197,135 |
|
|
|
|
Tax on profit on ordinary activities | (39,605) | (36,892) | (88,607) |
Profit for the period |
91,908 |
72,113 |
108,528 |
Basic and diluted profit per 10p share |
5.36 sen |
4.20 sen |
6.33 sen |
Notes:
1. The directors do not propose to pay any interim dividend (2018 : RM Nil).
2. Copies of the Interim Report are available from the Company's registered office at Neville House Steelpark Road, Halesowen, West Midlands B62 8HD.
Penang CHEW SING GUAN
25 October 2019 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2019
| As at | As at | As at |
| 30 Sept 2019 | 30 Sept 2018 | 31 Mar 2019 |
| RM | RM | RM |
Fixed assets |
|
|
|
Investments | 1,164,387 | 1,286,452 | 1,161,795 |
|
|
|
|
Current assets |
|
|
|
Debtors | 19,313 | - | 19,313 |
Deposits | 10,950,000 | 10,900,000 | 11,000,000 |
Cash at bank and in hand | 95,153 | 76,065 | 131,181 |
| 11,064,466 | 10,976,065 | 10,150,494 |
Current liabilities |
|
|
|
Creditors : amount falling due within one year |
(341,287) |
(416,924) |
(516,631) |
| (341,287) | (416,924) | (516,631) |
|
|
|
|
Net current assets | 10,723,179 | 10,559,141 | 10,633,863 |
|
|
|
|
Net assets | 11,887,566 | 11,845,593 | 11,795,658 |
|
|
|
|
Capital and reserves |
|
|
|
Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
Fair value reserve | 306,984 | 403,228 | 306,984 |
Profit and loss reserve | 10,512,736 | 10,374,519 | 10,420,828 |
|
|
|
|
Shareholders' Funds | 11,887,566 | 11,845,593 | 11,795,658 |
These financial statements were approved by the Board of Directors on 25 October 2019.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Hidong
Estate
PLC
Statement of Other Comprehensive Income for the half year ended 30 September 2019
| Half year ended | Half year ended | Year ended |
| 30 Sept 2019 | 30 Sept 2018 | 31 Mar 2019 |
| RM | RM | RM |
Profit for the period |
91,908 |
72,113 |
108,528 |
|
|
|
|
Other Comprehensive Income |
|
|
|
Unrealised loss on investments | - | - | (88,493) |
Change in fair value during the period on disposal of investments |
- |
- |
2,143 |
|
|
|
|
Total Comprehensive Income for the period |
91,908 |
72,113 |
22,178 |
Hidong
Estate
PLC
Cash flow statement for the half year ended 30 September 2019
| Half year ended | Half year ended | Year ended |
| 30 Sept 2019 | 30 Sept 2018 | 31 Mar 2019 |
| RM | RM | RM |
Cash flows from operating activities |
|
|
|
Profit for the period | 91,908 | 72,113 | 108,528 |
Adjustments for: |
|
|
|
Interest receivable and similar income | (165,020) | (153,716) | (388,628) |
Income from investments | (21,160) | (34,172) | (54,297) |
Impairment loss on investments | - | - | 23,019 |
Taxation | 39,605 | 36,892 | 88,607 |
| (54,667) | (78,883) | (222,771) |
(Decrease)/increase in other creditors | (96,000) | (83,000) | 13,000 |
| (150,667) | (161,883) | (209,771) |
Tax paid | (118,949) | (37,500) | (85,508) |
Net cash used in operating activities | (269,616) | (199,383) | (295,279) |
Cash flows from investing activities |
|
|
|
Dividend received | 21,160 | 34,172 | 54,297 |
Interest received | 165,020 | 259,244 | 474,842 |
Purchase of investments | (2,592) | - | (1,505) |
Sale of investments | - | - | 16,794 |
Decrease/(increase) in deposits | 50,000 | (200,000) | (300,000) |
Net cash from investing activities | 233,588 | 93,416 | 244,428 |
Cash flows from financing activities | - | - | - |
Net decrease in cash and cash equivalents | (36,028) | (105,967) | (50,851) |
Cash and cash equivalents at 1 April | 131,181 | 182,032 | 182,032 |
Cash and cash equivalents at 30September/31 March | 95,153 | 76,065 | 131,181 |
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