29th Nov 2007 08:17
Hidong Estate PLC29 November 2007 Hidong Estate PLC(Incorporated in England) Interim report of shareholders for the half year ended 30th September, 2007 The estimated results for the half year ended 30th September, 2007 are given below with appropriate comparative figures:- Half year ended Half year ended Year ended 30 Sept, 2007 30 Sept, 2006 31 Mar, 2007 RM RM RM Turnover - discontinued operations - - 42,424Cost of sales - - (33,486)Gross profit - - 8,938Distribution costs - - (109)Administrative expenses (99,013) (96,621) (422,239)Other income 7,820 5,240 -Operating loss-discontinued operations (91,193) (91,381) (413,410)Interest receivable on short term deposits 173,222 172,202 347,926Profit/(loss) on ordinary activities before 82,029 80,821 (65,484)taxationTax on profit on ordinary activities - - (70,000)RETAINED PROFIT/(LOSS) FOR THE YEAR 82,029 80,821 (135,484) Basic and diluted profit/(loss) per 10p 4.79 sen 4.72 sen (7.91) senshare - discontinued operations STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES The Company has no recognised gains and losses other than the profit of RM82,029for the six months period ended 30th September, 2007 (2006: gain RM80,821). Notes: 1. The Company reported an operating profit of RM82,029 for the half year ended 30th September, 2007.2. The directors do not propose to pay any interim dividend (last year - nil).3. A copy of this report will be sent to shareholders and will be available for inspection at the Company's registered office, 34 Beckenham Road, Beckenham, Kent, BR3 4TU. CHEW SING GUANChairman Penang 28th November 2007 Hidong Estate PLC(incorporated in England) Balance sheet as at 30th September, 2007 As at As at As at 30 Sept, 2007 30 Sept, 2006 31 Man 2007 RM RM RMOther investments 247,930 - -CURRENT ASSETSStocks - 29,946 -Debtors 164,237 191,099 131,753Cash at bank and in hand 10,412,784 10,905,456 10,635,755 10,824,951 11,126,501 10,767,508CURRENT LIABILITYCreditors : Amounts falling due within on year (563,226) (730,501) (587,812)NET ASSETS 10,261,725 10,396,000 10,179,696CAPITAL AND RESERVESCalled up share capital 1,067,846 1,067,846 1,067,846Profit and loss account 9,193,879 9,328,154 9,111,850SHAREHOLDERS' FUNDS 10,261,725 10,396,000 10,179,696 These financial statements were approved by the Board of Directors on 28th November 2007, CHEW SING GUAN ) ) DirectorsZAMBRI BIN HAJI MAHMUD ) Hidong Estate PLC(Incorporated in England) Reconciliation of operating loss to net cash outflow from operating activities Half year ended Half year ended Year ended 30 Sept, 2007 30 Sept, 2006 31 Mar, 2007 RM RM RMOperating loss (91,193) (91,381) (413,410)Decrease in stocks - 11,086 41,032(Increase) / Decrease in debtors (32,484) 27,104 86,450Increase / (Decrease) in creditors 9,279 (119,567) (293,604) (114,398) (172,758) (579,532) Cash flow statement for the half year ended 30th September, 2007 Half year ended Half year ended Year ended 30 Sept, 2007 30 Sept, 2006 31 Mar, 2007 RM RM RMNET CASH OUTFLOW FROM OPERATING ACTIVITIES (114,398) (172,758) (579,532)RETURNS ON INVESTMENTS AND SERVICING OF FINANCEInterest received 173,222 172,202 347,926Purchase of quoted investments (247,930) - -TAXATIONOverseas tax paid (33,865) (38,660) (77,311)NET CASH OUTFLOW BEFOREMANAGEMENT OF LIQUID RESOURCES (222,971) (39,216) (308,917)Decrease/(increase) in short term deposits 379,058 (201,792) 44,787 INCREASE/(DECREASE) IN CASH 156,087 (241,008) (264,130) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hidong Est.