RNS Number : 6722J
Hidong Estate PLC
25 October 2024
 

Hidong

Estate

PLC

                                                                                                                                               

 

Interim report of shareholders for the half year ended

30 September 2024

 

The results for the half year ended 30 September 2024 are given below with appropriate comparative figures:-

 

Statement of Comprehensive Income for the half year ended 30 September 2024

 

Half year ended

Half year ended

Year ended


30 Sept 2024

30 Sept 2023

31 Mar 2024


RM

RM

RM

 




Income from investments

12,304

7,647

53,976

Interest receivable and similar income

127,137

120,056

398,490

Net Income

139,441

127,703

452,466

Administrative expenses

  (43,586)

  (95,964)

  (451,229)

Profit/(Loss) before taxation

95,855

31,739

1,237





Taxation

(24,648)

(25,500)

(90,947)

 

Profit/(loss) for the period 

 

71,207

 

6,239

 

89,710

 




Other comprehensive income 




Fair Value (loss)/gain on investments

74,745

(1,129)

62,175

Total Comprehensive profit/(loss) for the period

 

145,952

 

5,110

 

(27,535)

 




 

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

 

 

4.15 sen

 

 

0.36 sen

 

 

(5.23) sen

 

 

Notes:

1.   The directors do not propose to pay any interim dividend (2023 : 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 2024                                                            Chairman


Hidong

Estate

PLC

                                                                                                                                                           

 

Balance sheet as at 30 September 2024

 

 

As at

As at

As at


30 Sept 2024

30 Sept 2023

31 Mar 2024


RM

RM

RM

Fixed assets




Investments

1,169,341

1,022,806

1,091,926

 

 

 


Current assets




Debtors

515

37

92,267

Fixed Deposits with licensed banks

4,500,000

3,000,000

4,500,000

Cash at bank and short-term deposits

6,505,216

8,108,259

   6,568,608


11,005,731

11,108,296

11,160,875

Current liabilities

 

 


Creditors : amount falling due within one year

 

(175)

 

(67,255)

 

(223,857)

 

(175)

(67,255)

(223,857)

 




Net current assets

11,005,556

11,041,041

10,937,018

 



 

Net assets

12,174,897

12,063,847

12,028,944

 

 



 

Capital and reserves



 

Called up share capital

1,067,846

1,067,846

1,067,846

Revaluation reserve

124,157

(11,634)

49,411

Profit and loss reserve

   10,982,894   

11,007,635

10,911,687

 




Shareholders' funds

12,174,897

12,063,847

12,028,944 

 

 

 

 

 

These financial statements were approved by the Board of Directors on 25 October 2024.

 

 

CHEW SING GUAN                            )

                                                            )

                                                            )    Directors                 

                                                            )

CHEW BEOW SOON                         )

 

 

 

 

 

 

 

 

Hidong

Estate

PLC

                                                                                                                                               

 

Statement of cash flows for the half year ended 30 September 2024

 

Half year ended

Half year ended

Year ended


30 Sept 2024

30 Sept 2023

31 Mar 2024


RM

RM

RM
Cash flows from operating activities




Profit/(loss) for the period

71,207

6,239

(89,710)

Adjustments for:




Interest receivable and similar income

(127,137)

(120,056)

(398,490)

Income from investments

(12,304)

(7,647)

(53,976)

Taxation

24,648

25,500

90,947


(43,586)

(95,964)

(451,229)

(Decrease)/increase in other creditors

(223,682)

(47,745)

75,957

Decrease/(increase) in other debtors

91,752

80,731

-


(175,516)

(62,978)

(375,272)

Tax paid

(24,648)

(25,500)

(58,000)

Tax refunded

-

-

14,140

Net cash used in operating activities

(200,164)

(88,478)

(419,132)
Cash flows from investing activities




 

Income from investments

12,304

7,647

   41,121

Interest received

127,137

120,056

376,267

 

Purchase of investments

(2,669)

(1,318)

-

Decrease in deposits

-

-

(1,500,000)
Net cash from investing activities

136,772

126,385

(1,082,612)
Cash flows from financing activities



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

(63,392)

37,907

(1,501,744)
 
Cash and cash equivalents at 1 April

6,568,608

8,070,352

8,070,352
Cash and cash equivalents at                       30September/31 March

6,505,216

8,108,259

6,568,608

 

 

 

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