Hidong Estate PLC 29 July 2005 Hidong Estate PLC Preliminary Final Results Profit and loss account for the year ended 31st March, 2005 Continuing Operations 2005 2004 RM RM Turnover 1,927,119 1,938,774 Cost of sales - including replanting expenditure of RM34,938 (2004: RM84,832) (1,379,475) (1,395,702) --------- --------- Gross profit 547,644 543,072 Distribution costs (80,532) (83,450) Administrative expenses (138,754) (162,788) --------- --------- 328,358 296,834 Other income 16,786 14,520 --------- --------- Operating profit 345,144 311,354 Tangible fixed assets written off (1) - Interest receivable on short term deposits 25,833 16,620 --------- --------- Profit on ordinary activities before taxation 370,976 327,974 Tax on profit on ordinary activities (81,397) (3,324) --------- --------- RETAINED PROFIT FOR THE YEAR 289,579 324,650 ========= ========= Profit per 10p share 16.90 sen 18.95 sen ========= ========= STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES FOR THE YEAR ENDED 31st MARCH 2005 2005 2004 RM RM Surplus on revaluation of properties - - Deferred tax liability - - -------- -------- Net gains not recognised in the profit and loss account - - Net profit for the year 289,579 324,650 -------- -------- Total recognised gains for the year 289,579 324,650 ======== ======== Hidong Estate Plc Preliminary Final Results Balance Sheet as at 31st March 2005 2005 2004 RM RM FIXED ASSETS Tangible fixed assets 7,677,932 7,631,942 CURRENT ASSETS Stocks 152,907 90,640 Debtors 218,413 209,086 Cash at bank and in hand 1,014,913 690,783 Tax refundable 204 50,720 --------- --------- 1,386,437 1,041,229 --------- --------- CREDITORS: amounts falling due within one year (315,543) (221,976) --------- --------- NET CURRENT ASSETS 1,070,894 819,253 --------- --------- TOTAL ASSETS LESS CURRENT LIABILITIES 8,748,826 8,451,195 PROVISION FOR LIABILITIES AND CHARGES (563,186) (555,134) --------- --------- NET ASSETS 8,185,640 7,896,061 ========= ========= CAPITAL AND RESERVES Called up share capital 1,067,846 1,067,846 Revaluation reserve 5,832,048 5,832,048 Profit and loss account 1,285,746 996,167 --------- --------- TOTAL EQUITY SHAREHOLDERS' FUNDS 8,185,640 7,896,061 ========= ========= . Hidong Estate PLC Preliminary Final Results Cash flow statement for the year ended 31st March 2005 2005 2004 RM RM NET CASH INFLOW FROM OPERATING ACTIVITIES 407,408 315,766 RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest received 25,833 16,620 TAXATION Overseas tax paid (74,021) (1,801) Overseas tax refunded 43,140 11,376 CAPITAL EXPENDITURE Purchase of tangible fixed assets (78,230) - NET CASH INFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES 324,130 341,961 MANAGEMENT OF LIQUID RESOURCES Increase in short term deposits (420,000) (350,000) --------- --------- (DECREASE) IN CASH (95,870) (8,039) ========= ========= The financial information set out above does not constitute statutory accounts for the years ended 31st March 2005 or 2004 but derived from those accounts. Statutory accounts for 2004 have been delivered to the Registrar of Companies, and those for 2005 will be delivered following the Company's annual general meeting. The auditors have reported on those accounts, their report were unqualified and did not contain statements under section 237(2) of (3) of the Companies Act 1985. This information is provided by RNS The company news service from the London Stock Exchange