25th Nov 2009 11:17
Hidong
Estate
PLC
(Incorporated in England)
Interim report of shareholders for the half year ended
30 September 2009
The results for the half year ended 30 September 2009 are given below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September 2009
|
Half year ended |
Half year ended |
Year ended |
|
|
30 Sept 2009 |
30 Sept 2008 |
31 Mar 2009 |
|
|
RM |
RM |
RM |
|
|
Administrative expenses |
(100,394) |
(107,987) |
(217,318) |
|
Operating loss |
(100,394) |
(107,987) |
(217,318) |
|
Income from investments |
9,780 |
6,105 |
13,580 |
|
Profit/(loss) on disposal of investments |
89,070 |
- |
(84,201) |
|
Impairment of investments |
- |
(177,904) |
(192,254) |
|
Interest receivable on short term deposits |
111,175 |
152,322 |
329,231 |
|
Profit/(loss) on ordinary activities before taxation |
109,631 |
(127,464) |
(150,962) |
|
Tax on profit/(loss) on ordinary activities |
(22,235) |
- |
(66,261) |
|
Retained profit/(loss) for the period |
87,396 |
(127,464) |
(217,223) |
|
Basic and diluted profit/(loss) per 10p share |
5.10 sen |
(7.44) sen |
(12.68) sen |
Notes:
The Company recorded a profit before tax of RM109,631 for the six months' period ended 30 September 2009 (2008 : loss before tax of RM127,464).
The directors do not propose to pay any interim dividend (2008 : RM Nil).
Copies of the Interim Report are available from the Company's registered office at 34 Beckenham Road, Beckenham, Kent, BR3,4TU England.
Penang CHEW SING GUAN25 November 2009 Chairman
Hidong
Estate
PLC
(Incorporated in England)
Balance sheet as at 30 September 2009
|
As at |
As at |
As at |
|
|
30 Sept 2009 |
30 Sept 2008 |
31 Mar 2009 |
|
|
RM |
RM |
RM |
|
|
Fixed assets |
|||
|
Investments |
499,720 |
569,500 |
545,100 |
|
Current Assets |
|||
|
Debtors |
78,792 |
27,044 |
42,066 |
|
Cash at bank and in hand |
10,233,816 |
10,072,305 |
9,994,780 |
|
10,312,608 |
10,099,349 |
10,036,846 |
|
|
Current Liability |
|||
|
Creditors |
(486,343) |
(517,390) |
(500,229) |
|
(486,343) |
(517,390) |
(500,229) |
|
|
Net current assets |
9,826,265 |
9,581,959 |
9,536,617 |
|
10,325,985 |
10,151,459 |
10,081,717 |
|
|
Capital And Reserves |
|||
|
Called up share capital |
1,067,846 |
1,067,846 |
1,067,846 |
|
Fair value reserve |
176,889 |
9,083,613 |
20,017 |
|
Profit and loss account |
9,081,250 |
9,083,613 |
8,993,854 |
|
Shareholders' Funds |
10,325,985 |
10,151,459 |
10,081,717 |
These financial statements were approved by the Board of Directors on 25 November 2009.
CHEW SING GUAN )
)
) Directors
)
HAJI ZAMBRI BIN HAJI MAHMUD )
Statement of total recognised gains and losses for the half year ended 30 September 2009
|
Half year ended |
Half year ended |
Year ended |
|
|
30 Sept 2009 |
30 Sept 2008 |
31 Mar 2009 |
|
|
RM |
RM |
RM |
|
|
Profit/(loss) for the period |
87,396 |
(127,464) |
(217,223) |
|
Unrealised gains on investments |
170,542 |
- |
20,017 |
|
Total recognised gains/(losses) for the period |
257,938 |
(127,464) |
(197,206) |
Hidong
Estate
PLC
(Incorporated in England)
Reconciliation of operating loss to net cash (outflow)/inflow from operating activities
|
Half year ended |
Half year ended |
Year ended |
|
|
30 Sept 2009 |
30 Sept 2008 |
31 Mar 2009 |
|
|
RM |
RM |
RM |
|
|
Operating loss |
(100,394) |
(107,987) |
(217,318) |
|
(Increase)/decrease in debtors |
(36,726) |
458,445 |
443,423 |
|
(Decrease)/increase in creditors |
(10,945) |
(64,998) |
(13,993) |
|
Net cash (outflow)/inflow from operating activities |
(148,065) |
285,460 |
212,112 |
Cash flow statement for the half year ended 30 September 2009
|
Half year ended |
Half year ended |
Year ended |
|
|
30 Sept 2009 |
30 Sept 2008 |
31 Mar 2009 |
|
|
RM |
RM |
RM |
|
|
NET CASH (OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES |
(148,065) |
285,460 |
212,112 |
|
|
|||
|
RETURNS ON INVESTMENTS AND SERVICING OF FINANCE |
|
||
|
Dividend received |
9,780 |
6,105 |
13,580 |
|
Interest received |
111,175 |
152,322 |
329,231 |
|
TAXATION |
|||
|
Overseas tax paid |
(25,176) |
(32,902) |
(167,329) |
|
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENTS |
|||
|
Purchase of investments |
(24,478) |
(747,404) |
(889,132) |
|
Sale of investments |
315,800 |
- |
87,594 |
|
NET CASH INFLOW/(OUTFLOW) BEFORE MANAGEMENT OF LIQUID RESOURCES |
239,036 |
(336,419) |
(413,944) |
|
MANAGEMENT OF LIQUID RESOURCES |
|||
|
(Increase)/decrease in short term deposits |
(200,000) |
180,000 |
330,000 |
|
INCREASE/(DECREASE) IN CASH |
39,036 |
(156,419) |
(83,944) |
Related Shares:
Hidong Est.