TIDMHID
RNS Number : 0396E
Hidong Estate PLC
25 October 2022
Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2022
The r esults for the half year ended 30 September 2022 are given
below with appropriate comparative figures:-
Statement of Comprehensive Income for the half year ended 30
September 2022
Half year Half year Year ended
ended ended
30 Sept 2022 30 Sept 2021 31 Mar 2022
RM RM RM
Income from investments 37,886 60,303 68,731
Interest receivable and similar
income 87,610 102,092 214,533
------------- ------------------ -------------
Net Income 125,496 162,395 283,264
Administrative expenses (87,515) (77,719) (302,676)
------------- ------------------ -------------
(Loss)/Profit before taxation 37,981 84,676 (19,412)
Taxation (21,000) (24,500) (48,900)
------------- ------------------ -------------
Profit/(loss) for the p
eriod 16,981 60,176 (68,312)
============= ================== =============
Other comprehensive income
Fair Value (loss)/gain on
investments (123,943) (315,316) (264,570)
Total Comprehensive (loss)/profit
for the year (106,962) (255,140) (332,882)
============= ================== =============
Basic and diluted profit/(loss)
per 10p share 0.99 sen 3.51 sen (3.99) sen
============= ================== =============
Notes:
1. The directors do not propose to pay any interim dividend ( 2021 : RM N il).
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 2022 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2022
As at As at As at
30 Sept 2022 30 Sept 2021 31 Mar 2022
RM RM RM
Fixed assets
I nvestments 924,365 1,502,256 1,044,502
Current assets
Debtors 20,100 40,572 11,100
Accrued interest income 8,772 28,576 33,929
Fixed Deposits with licensed
banks 6,500,000 6,500,000 6,500,000
Cash at bank and short-term
deposits 4,654,630 4,146,212 4,659,046
------------- ------------- ------------
11,183,502 10,715,360 11,204,075
============= ============= ============
Current liabilities
Creditors : amount falling
due within one year (82,192) - (115,940)
------------- ------------- ------------
(82,192) - (115,940)
============= ============= ============
Net current a ssets 11,101,310 10,715,360 11,088,135
Net a ssets 12,025,675 12,217,616 12,132,637
============= ============= ============
Capital and reserves
Called up share capital 1,067,846 1,067,846 1,067,846
Revaluation reserve (56,167) 188,860 67,776
Profit and loss reserve 11,013,996 10,960,910 10,997,015
Shareholders' funds 12,025,675 12,217,616 12,132,637
============= ============= ============
These financial statements were approved by the Board of
Directors on 25 October 2022.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Hidong
Estate
PLC
Statement of cash flows for the half year ended 30 September 2
022
Half year Half year Year ended
ended ended
30 Sept 2022 30 Sept 2021 31 Mar
2022
RM RM RM
Cash flows from operating activities
Profit/(loss) for the period 16,981 60,176 (68,312)
Adjustments for:
Interest receivable and similar
income (87,610) (102,092) (214,533)
Income from investments (37,886) (60,303) (68,731)
Taxation 21,000 24,500 48,900
------------- ------------- -----------
(87,515) (77,719) (302,676)
(Decrease)/increase in other
creditors (33,748) (110,000) 5,940
Decrease/(increase) in other
debtors 25,157 - (760)
------------- ------------- -----------
(96,106) (187,719) (297,496)
Tax paid (30,000) (37,500) (32,428)
------------- ------------- -----------
Net cash used in operating
activities (126,106) (225,219) 329,924)
------------- ------------- -----------
Cash flows from investing activities
Income from investments 37,886 55,524 68,731
Interest received 87,610 106,685 214,533
Purchase of investments (3,806) (342,484) (347,271)
Sale of investments - 69,166 570,437
Decrease in deposits - 250,000 -
------------- ------------- -----------
Net cash from investing activities 121,690 138,891 506,430
------------- ------------- -----------
Cash flows from financing activities - - -
------------- ------------- -----------
Net (decrease)/increase in cash
and cash equivalents (4,416) (86,328) 176,506
============= ============= ===========
Cash and cash equivalents at
1 April 4,659,046 4,232,540 4,482,540
Cash and cash equivalents at
30 September/31 March 4,654,630 4,146,212 4,659,046
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END
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