RNS Number : 1645Q
Hidong Estate PLC
25 October 2021
 

Hidong

Estate

PLC

                                                                                                                                               

 

Interim report of shareholders for the half year ended

30 September 2021

 

The results for the half year ended 30 September 2021 are given below with appropriate comparative figures:-

 

Statement of Comprehensive Income for the half year ended 30 September 2021

 

 

Half year ended

Half year ended

Year ended

 

30 Sept 2021

30 Sept 2020

31 Mar 2021

 

RM

RM

RM

 

 

 

 

Administrative expenses

(77,719)

(42,898)

(293,209)

 

 

 

 

Operating loss

(77,719)

(42,898)

(293,209)

Income from investments

60,303

15,559

78,211

Interest receivable and similar income

      102,092

      166,926

          273,805

 

 

 

 

Profit on ordinary activities before taxation

84,676

139,587

 58,807

 

 

 

 

Tax on profit on ordinary activities

(24,500)

(40,062)

(62,428)

 

Profit/(loss) for the period 

          

60,176

          

99,525

 

(3,621)

 

 

 

 

 

 

 

 

Other comprehensive income 

 

 

 

Unrealised (loss)/gain on investments

(315,316)

-

462,116

Total comprehensive (loss)/income for the period

(255,140)

99,525

458,495

 

 

 

 

 

 

 

 

Basic and diluted profit/(loss) per 10p share

3.51 sen

5.81 sen

(0.21) sen

 

 

Notes:

1.   The directors do not propose to pay any interim dividend (2020 : 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 2021                                                            Chairman

 

Hidong

Estate

PLC

                                                                                                                                                           

 

Balance sheet as at 30 September 2021

 

 

 

As at

As at

As at

 

30 Sept 2021

30 Sept 2020

31 Mar 2021

 

RM

RM

RM

Fixed assets

 

 

 

Investments

1,502,256

939,244

1,532,238

 

 

 

 

Current assets

 

 

 

Current tax assets

40,572

-

27,572

Accrued interest income

28,576

98,866

33,169

Deposits

10,500,000

10,950,000

10,750,000

Cash at bank and in hand

146,212

132,164

232,540

 

10,715,360

11,181,030

11,043,281

Current liabilities

 

 

 

Creditors : amount falling due within one year

-

(13,725)

(110,000)

 

-

(13,725)

(110,000)

 

 

 

 

Net current assets

10,715,360

11,167,305

10,933,281

 

 

 

 

Net assets

12,217,616

12,106,549

12,465,519

 

 

 

 

 

 

 

 

Capital and reserves

 

 

 

Called up share capital

1,067,846

1,067,846

1,067,846

Revaluation reserve

188,860

34,823

496,939

Profit and loss reserve

10,960,910

11,003,880

10,900,734

 

 

 

 

Shareholders' funds

12,217,616

12,106,549

12,465,519 

 

 

 

 

 

These financial statements were approved by the Board of Directors on 25 October 2021.

 

 

CHEW SING GUAN                            )

                                                            )

                                                            )    Directors

                                                            )

CHEW BEOW SOON                         )

 

 

 

 

 

 

 

 

 

Hidong

Estate

PLC

                                                                                                                                               

 

Statement of cash flows for the half year ended 30 September 2021

 

 

Half year ended

Half year ended

Year ended

 

30 Sept 2021

30 Sept 2020

31 Mar 2021

 

RM

RM

RM
Cash flows from operating activities

 

 

 

Profit/(loss) for the period

60,176

99,525

(3,621)

Adjustments for:

 

 

 

Interest receivable and similar income

(102,092)

(166,926)

(273,805)

Income from investments

(60,303)

(15,559)

(78,211)

Taxation

24,500

40,062

62,428

 

(77,719)

(42,898)

(293,209)

(Decrease)/increase in other creditors

(110,000)

(100,845)

9,130

 

(187,719)

(143,743)

(284,079)

Tax paid

(37,500)

(37,500)

(101,138)

Net cash used in operating activities

(225,219)

(181,243)

(385,217)
Cash flows from investing activities

 

 

 
 

 

 

 

Income from investments

    55,524

    15,559

    78,211

Interest received

106,685

171,813

344,390

 

 

 

 

Purchase of investments

(342,484)

-

(130,879)

Sale of investments

69,166

-

-

Decrease in deposits

250,000

-

200,000
Net cash from investing activities

138,891

187,372

491,722
Cash flows from financing activities

-

-

-
Net (decrease)/increase in cash and cash equivalents

(86,328)

6,129

106,505
 

 

 

 
Cash and cash equivalents at 1 April

232,540

126,035

126,035
Cash and cash equivalents at                       30September/31 March

146,212

132,164

232,540

 

 

 

 

 

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