TIDMHID
RNS Number : 4248Y
Hidong Estate PLC
01 December 2014
Hidong
Estate
PLC
(Incorporated in England)
Interim report of shareholders for the half year ended
30 September 2014
The results for the half year ended 30 September 2014 are given
below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September
2014
Half year Half year Year ended
ended ended
30 Sept 2014 30 Sept 2013 31 Mar 2014
RM RM RM
Administrative expenses (84,064) (104,743) (155,418)
-------------------- -------------------- ------------------
Operating loss (84,064) (104,743) (155,418)
Income from investments 40,161 45,715 60,063
Gain on disposal of investments 37,186 120,414 149,681
Interest receivable on short
term bank deposits 172,441 164,954 334,178
-------------------- -------------------- ------------------
Profit on ordinary activities
before taxation 165,724 226,340 388,504
Tax on profit on ordinary
activities (34,488) (32,991) (67,166)
-------------------- -------------------- ------------------
Retained profit for the period 131,236 193,349 321,338
-------------------- -------------------- ------------------
Basic and diluted profit 7.66 sen 11.28 sen 18.76 sen
per 10p share
Notes:
1. The directors do not propose to pay any interim dividend (2013 : 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 2014 Chairman
Hidong
Estate
PLC
(Incorporated in England)
Balance sheet as at 30 September 2014
As at As at As at
30 Sept 2014 30 Sept 2013 31 Mar 2014
RM RM RM
Fixed assets
Investments 1,084,579 1,066,721 1,106,044
Current assets
Debtors 49,298 60,755 35,729
Cash at bank and in hand 10,587,584 10,261,424 10,440,230
10,636,882 10,322,179 10,475,959
------------- ------------- ------------
Current liabilities
Creditors (464,305) (461,979) (473,212)
(464,305) (461,979) (473,212)
------------- ------------- ------------
Net current assets 10,172,577 9,860,200 10,002,747
Net assets 11,257,156 10,926,921 11,108,791
------------- ------------- ------------
Capital and reserves
Called up share capital 1,067,846 1,067,846 1,067,846
Fair value reserve 271,677 200,667 254,548
Profit and loss account 9,917,633 9,658,408 9,786,397
Shareholders' Funds 11,257,156 10,926,921 11,108,791
------------- ------------- ------------
These financial statements were approved by the Board of
Directors on 26 November 2014.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Statement of total recognised gains and losses for the half year
ended 30 September 2014
Half year Half year Year ended
ended ended
30 Sept 2014 30 Sept 2013 31 Mar 2014
RM RM RM
Profit for the period 131,236 193,349 321,338
Unrealised gains on investments 17,129 15,082 68,963
Total recognised gains for
the period 148,365 208,431 390,301
------------- ------------- ------------
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 2014 30 Sept 2013 31 Mar 2014
RM RM RM
Operating loss (84,064) (104,743) (155,418)
(Decrease)/increase in creditors (13,502) (5,828) 7,135
Net cash outflow from operating
activities (97,566) (110,571) (148,283)
-------------------- --------------------- ------------
Cash flow statement for the half year ended 30 September
2013
Half year Half year Year ended
ended ended
30 Sept 2014 30 Sept 2013 31 Mar 2014
RM RM RM
NET CASH OUTFLOW FROM OPERATING
ACTIVITIES (97,566) (110,571) (148,283)
RETURNS ON INVESTMENTS AND
SERVICING OF FINANCE
Dividend received 40,161 45,715 60,063
Interest received 158,872 151,857 333,480
TAXATION
Overseas tax paid (29,893) (19,869) (43,148)
CAPITAL EXPENDITURE AND FINANCIAL
INVESTMENTS
Purchase of investments (4,995) (5,368) (31,367)
Sale of investments 80,775 469,783 539,608
NET CASH INFLOW BEFORE MANAGEMENT
OF LIQUID ESOURCES 147,354 531,547 710,353
MANAGEMENT OF LIQUID RESOURCES
Increase in short term deposits (100,000) (600,000) (700,000)
------------------- ------------------- -----------------
INCREASE/(DECREASE) IN CASH 47,354 (68,453) 10,353
------------------- ------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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