RNS Number : 0396E
Hidong Estate PLC
25 October 2022
 

Hidong

Estate

PLC

                                                                                                                                               

 

Interim report of shareholders for the half year ended

30 September 2022

 

The results for the half year ended 30 September 2022 are given below with appropriate comparative figures:-

 

Statement of Comprehensive Income for the half year ended 30 September 2022

 

Half year ended

Half year ended

Year ended


30 Sept 2022

30 Sept 2021

31 Mar 2022


RM

RM

RM

 




Income from investments

37,886

60,303

68,731

Interest receivable and similar income

87,610

102,092

214,533

Net Income

125,496

162,395

283,264

Administrative expenses

  (87,515)

(77,719)

  (302,676)

(Loss)/Profit before taxation

37,981

84,676

 (19,412)





Taxation

(21,000)

(24,500)

 (48,900)

 

Profit/(loss) for the period 

 

16,981

          

60,176

 

(68,312)

 




Other comprehensive income 




Fair Value (loss)/gain on investments

(123,943)

(315,316)

(264,570)

Total Comprehensive (loss)/profit for the year

 

(106,962)

 

(255,140)

 

(332,882)

 




 

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

 

 

0.99 sen

 

 

3.51 sen

 

 

(3.99) sen

 

 

Notes:

1.   The directors do not propose to pay any interim dividend (2021 : 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 United Kingdom.

 

 

 

 

Penang, Malaysia                                                          CHEW SING GUAN

25 October 2022                                                            Chairman


Hidong

Estate

PLC

                                                                                                                                                           

 

Balance sheet as at 30 September 2022

 

 

As at

As at

As at


30 Sept 2022

30 Sept 2021

31 Mar 2022


RM

RM

RM

Fixed assets




Investments

924,365

1,502,256

1,044,502

 

 

 


Current assets




Debtors

20,100

40,572

11,100

Accrued interest income

8,772

28,576

33,929

Fixed Deposits with licensed banks

6,500,000

6,500,000

6,500,000

Cash at bank and short-term deposits

4,654,630

4,146,212

   4,659,046


11,183,502

10,715,360

11,204,075

Current liabilities

 

 


Creditors : amount falling due within one year

 

(82,192)

 

-

 

(115,940)

 

(82,192)

-

(115,940)

 




Net current assets

11,101,310

10,715,360

11,088,135

 



 

Net assets

12,025,675

12,217,616

12,132,637

 

 



 

Capital and reserves



 

Called up share capital

1,067,846

1,067,846

1,067,846

Revaluation reserve

(56,167)

188,860

67,776

Profit and loss reserve

11,013,996

10,960,910

10,997,015

 




Shareholders' funds

12,025,675

12,217,616

12,132,637 

 

 

 

 

 

These financial statements were approved by the Board of Directors on 25 October 2022.

 

 

CHEW SING GUAN                           )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                         )

 

 

 

 

 

 

 

Hidong

Estate

PLC

                                                                                                                                               

 

Statement of cash flows for the half year ended 30 September 2022

 

Half year ended

Half year ended

Year ended


30 Sept 2022

30 Sept 2021

31 Mar 2022


RM

RM

RM
Cash flows from operating activities




Profit/(loss) for the period

16,981

60,176

(68,312)

Adjustments for:




Interest receivable and similar income

(87,610)

(102,092)

(214,533)

Income from investments

(37,886)

(60,303)

(68,731)

Taxation

21,000

24,500

48,900


(87,515)

(77,719)

(302,676)

(Decrease)/increase in other creditors

(33,748)

(110,000)

5,940

Decrease/(increase) in other debtors

25,157

-

(760)


(96,106)

(187,719)

(297,496)

Tax paid

(30,000)

(37,500)

(32,428)

Net cash used in operating activities

(126,106)

(225,219)

329,924)
Cash flows from investing activities




 

Income from investments

37,886

    55,524

    68,731

Interest received

87,610

106,685

214,533

 

Purchase of investments

(3,806)

(342,484)

(347,271)

Sale of investments

-

69,166

570,437

Decrease in deposits

-

250,000

-
Net cash from investing activities

121,690

138,891

506,430
Cash flows from financing activities

-

-

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

(4,416)

(86,328)

176,506
 
Cash and cash equivalents at 1 April

4,659,046

4,232,540

4,482,540
Cash and cash equivalents at                       30 September/31 March

4,654,630

4,146,212

4,659,046

 

 

 

 

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