TIDMHID
RNS Number : 2561R
Hidong Estate PLC
25 October 2023
Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2023
The results for the half year ended 30 September 2023 are given
below with appropriate comparative figures:-
Statement of Comprehensive Income for the half year ended 30
September 2023
Half year ended Half year ended Year ended
30 Sept 2023 30 Sept 2022 31 Mar 2023
RM RM RM
Income from investments 7,647 37,886 123,785
Interest receivable and similar income 120,056 87,610 271,695
---------------- ---------------- ------------
Net Income 127,703 125,496 395,480
Administrative expenses (95,964) (87,515) (329,185)
---------------- ---------------- ------------
(Loss)/Profit before taxation 31,739 37,981 66,295
Taxation (25,500) (21,000) (61,913)
---------------- ---------------- ------------
Profit/(loss) for the period 6,239 16,981 4,382
---------------- ---------------- ------------
Other comprehensive income
Fair Value (loss)/gain on investments (1,129) (123,943) (80,540)
Total Comprehensive (loss)/profit for the year 5,110 (106,962) (76,158)
---------------- ---------------- ------------
Basic and diluted profit/(loss) per 10p share
0.36 sen 0.99 sen 0.26 sen
---------------- ---------------- ------------
Notes:
1. The directors do not propose to pay any interim dividend (2022 : 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 2023 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2023
As at As at As at
30 Sept 2023 30 Sept 2022 31 Mar 2023
RM RM RM
Fixed assets
Investments 1,022,806 924,365 1,020,359
Current assets
Debtors 37 20,100 14,187
Accrued interest income - 8,772 66,581
Fixed Deposits with licensed banks 3,000,000 6,500,000 3,000,000
Cash at bank and short-term deposits 8,108,259 4,654,630 8,070,352
------------- ------------- ------------
11,108,296 11,183,502 11,151,120
------------- ------------- ------------
Current liabilities
Creditors : amount falling due within one year (67,255) (82,192) (115,000)
------------- ------------- ------------
(67,255) (82,192) (115,000)
------------- ------------- ------------
Net current assets 11,041,041 11,101,310 11,036,120
Net assets 12,063,847 12,025,675 12,056,479
------------- ------------- ------------
Capital and reserves
Called up share capital 1,067,846 1,067,846 1,067,846
Revaluation reserve (11,634) (56,167) (12,764)
Profit and loss reserve 11,007,635 11,013,996 11,001,397
Shareholders' funds 12,063,847 12,025,675 12,056,479
------------- ------------- ------------
These financial statements were approved by the Board of
Directors on 25 October 2023.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Hidong
Estate
PLC
Statement of cash flows for the half year ended 30 September
2023
Half year ended Half year ended Year ended
30 Sept 2023 30 Sept 2022 31 Mar 2023
RM RM RM
Cash flows from operating activities
Profit/(loss) for the period 6,239 16,981 4,382
Adjustments for:
Interest receivable and similar income (120,056) (87,610) (271,695)
Income from investments (7,647) (37,886) (123,785)
Taxation 25,500 21,000 61,913
---------------- ---------------- ------------
(95,964) (87,515) (329,185)
(Decrease)/increase in other creditors (47,745) (33,748) (940)
Decrease/(increase) in other debtors 80,731 25,157 -
---------------- ---------------- ------------
(62,978) (96,106) (330,125)
Tax paid (25,500) (30,000) (65,000)
---------------- ---------------- ------------
Net cash used in operating activities (88,478) (126,106) (395,125)
---------------- ---------------- ------------
Cash flows from investing activities
Income from investments 7,647 37,886 55,758
Interest received 120,056 87,610 250,673
Purchase of investments (1,318) (3,806) -
Sale of investments - -
Decrease in deposits - 3,500,000
---------------- ---------------- ------------
Net cash from investing activities 126,385 121,690 3,806,431
---------------- ---------------- ------------
Cash flows from financing activities - -
---------------- ---------------- ------------
Net (decrease)/increase in cash and cash equivalents 37,907 (4,416) 3,411,306
---------------- ---------------- ------------
Cash and cash equivalents at 1 April 8,070,352 4,659,046 4,659,046
Cash and cash equivalents at 30September/31 March 8,108,259 4,654,630 8,070,352
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END
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October 25, 2023 04:12 ET (08:12 GMT)
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