TIDMHID
RNS Number : 1879D
Hidong Estate PLC
26 October 2020
Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2020
The results for the half year ended 30 September 2020 are given
below with appropriate comparative figures:-
Profit and loss account for the half year ended 30 September
2020
Half year Half year Year ended
ended ended
30 Sept 2020 30 Sept 2019 31 Mar 2020
RM RM RM
Administrative expenses (42,898) (54,667) (240,489)
Operating loss (42,898) (54,667) (240,489)
Income from investments 15,559 21,160 40,992
Interest receivable and similar
income 166,926 165,020 443,586
------------------ ------------------ -----------------
Profit on ordinary activities
before taxation 139,587 131,513 244,089
Tax on profit on ordinary
activities (40,062) (39,605) 239,438
------------------ ------------------ -----------------
Profit for the period 99,525 91,908 483,527
------------------ ------------------ -----------------
Basic and diluted profit 5.81 sen 5.36 sen 28.22 sen
per 10p share
Notes:
1. The directors do not propose to pay any interim dividend (2019 : 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.
Penang CHEW SING GUAN
26 October 2020 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2020
As at As at As at
30 Sept 2020 30 Sept 2019 31 Mar 2020
RM RM RM
Fixed assets
Investments 939,244 1,164,387 939,244
Current assets
Accrued interest income 98,866 19,313 103,753
Deposits 10,950,000 10,950,000 10,950,000
Cash at bank and in hand 132,164 95,153 126,035
------------- ------------- ------------
11,181,030 11,064,466 11,179,788
------------- ------------- ------------
Current liabilities
Creditors : amount falling
due within one year (13,725) (341,287) (112,008)
------------- ------------- ------------
(13,725) (341,287) (112,008)
------------- ------------- ------------
Net current assets 11,167,305 10,723,179 11,067,780
Net assets 12,106,549 11,887,566 12,007,024
------------- ------------- ------------
Capital and reserves
Called up share capital 1,067,846 1,067,846 1,067,846
Fair value reserve 34,823 306,984 34,823
Profit and loss reserve 11,003,880 10,512,736 10,904,355
Shareholders' funds 12,106,549 11,887,566 12,007,024
------------- ------------- ------------
These financial statements were approved by the Board of
Directors on 26 October 2020.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Hidong
Estate
PLC
Statement of Other Comprehensive Income for the half year ended
30 September 2020
Half year Half year Year ended
ended ended
30 Sept 2020 30 Sept 2019 31 Mar 2020
RM RM RM
Profit for the period 99,525 91,908 483,527
Other Comprehensive Income
Unrealised loss on investments - - (272,161)
Change in fair value during
the period - - -
on disposal of investments
Total Comprehensive Income
for the period 99,525 91,908 211,366
------------- ------------- ------------
Hidong
Estate
PLC
Statement of cash flows for the half year ended 30 September
2020
Half year Half year Year ended
ended ended
30 Sept 2020 30 Sept 2019 31 Mar
2020
RM RM RM
Cash flows from operating activities
Profit for the period 99,525 91,908 483,527
Adjustments for:
Interest receivable and similar
income (166,926) (165,020) (443,586)
Income from investments (15,559) (21,160) (40,992)
Taxation 40,062 39,605 239,438
------------- ------------- -----------
(42,898) (54,667) (240,489)
(Decrease)/increase in other
creditors (100,845) (96,000) 4,870
------------- ------------- -----------
(143,743) (150,667) (235,619)
Tax paid (37,500) (118,949) (170,055)
------------- ------------- -----------
Net cash used in operating activities (181,243) (269,616) (405,674)
------------- ------------- -----------
Cash flows from investing activities
Dividend received 15,559 21,160 40,992
Interest received 171,813 165,020 359,146
Purchase of investments - (2,592) (49,610)
Decrease in deposits - 50,000 50,000
------------- ------------- -----------
Net cash from investing activities 187,372 233,588 400,528
------------- ------------- -----------
Cash flows from financing activities - - -
------------- ------------- -----------
Net increase/(decrease) in cash
and cash equivalents 6,129 (36,028) (5,146)
------------- ------------- -----------
Cash and cash equivalents at
1 April 126,035 131,181 131,181
Cash and cash equivalents at
30September/31 March 132,164 95,153 126,035
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END
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October 26, 2020 06:22 ET (10:22 GMT)
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