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Half-year Report

25th Oct 2024 08:47

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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END
 
 
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