Hidong
Estate
PLC
Interim report of shareholders for the half year ended
30 September 2021
The results for the half year ended 30 September 2021 are given below with appropriate comparative figures:-
Statement of Comprehensive Income for the half year ended 30 September 2021
|
| Half year ended | Half year ended | Year ended |
|
| 30 Sept 2021 | 30 Sept 2020 | 31 Mar 2021 |
|
| RM | RM | RM |
|
|
|
|
|
| Administrative expenses | (77,719) | (42,898) | (293,209) |
|
|
|
|
|
| Operating loss | (77,719) | (42,898) | (293,209) |
| Income from investments | 60,303 | 15,559 | 78,211 |
| Interest receivable and similar income | 102,092 | 166,926 | 273,805 |
|
|
|
|
|
| Profit on ordinary activities before taxation | 84,676 | 139,587 | 58,807 |
|
|
|
|
|
| Tax on profit on ordinary activities | (24,500) | (40,062) | (62,428) |
|
Profit/(loss) for the period |
60,176 |
99,525 |
(3,621) |
|
|
|
|
|
|
|
|
|
|
| Other comprehensive income |
|
|
|
| Unrealised (loss)/gain on investments | (315,316) | - | 462,116 |
| Total comprehensive (loss)/income for the period | (255,140) | 99,525 | 458,495 |
|
|
|
|
|
|
|
|
|
|
| Basic and diluted profit/(loss) per 10p share | 3.51 sen | 5.81 sen | (0.21) sen |
Notes:
1. The directors do not propose to pay any interim dividend (2020 : 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
25 October 2021 Chairman
Hidong
Estate
PLC
Balance sheet as at 30 September 2021
|
| As at | As at | As at |
|
| 30 Sept 2021 | 30 Sept 2020 | 31 Mar 2021 |
|
| RM | RM | RM |
| Fixed assets |
|
|
|
| Investments | 1,502,256 | 939,244 | 1,532,238 |
|
|
|
|
|
| Current assets |
|
|
|
| Current tax assets | 40,572 | - | 27,572 |
| Accrued interest income | 28,576 | 98,866 | 33,169 |
| Deposits | 10,500,000 | 10,950,000 | 10,750,000 |
| Cash at bank and in hand | 146,212 | 132,164 | 232,540 |
|
| 10,715,360 | 11,181,030 | 11,043,281 |
| Current liabilities |
|
|
|
| Creditors : amount falling due within one year | - | (13,725) | (110,000) |
|
| - | (13,725) | (110,000) |
|
|
|
|
|
| Net current assets | 10,715,360 | 11,167,305 | 10,933,281 |
|
|
|
|
|
| Net assets | 12,217,616 | 12,106,549 | 12,465,519 |
|
|
|
|
|
|
|
|
|
|
| Capital and reserves |
|
|
|
| Called up share capital | 1,067,846 | 1,067,846 | 1,067,846 |
| Revaluation reserve | 188,860 | 34,823 | 496,939 |
| Profit and loss reserve | 10,960,910 | 11,003,880 | 10,900,734 |
|
|
|
|
|
| Shareholders' funds | 12,217,616 | 12,106,549 | 12,465,519 |
These financial statements were approved by the Board of Directors on 25 October 2021.
CHEW SING GUAN )
)
) Directors
)
CHEW BEOW SOON )
Hidong
Estate
PLC
Statement of cash flows for the half year ended 30 September 2021
|
| Half year ended | Half year ended | Year ended |
|
| 30 Sept 2021 | 30 Sept 2020 | 31 Mar 2021 |
|
| RM | RM | RM |
Cash flows from operating activities |
|
|
|
| Profit/(loss) for the period | 60,176 | 99,525 | (3,621) |
| Adjustments for: |
|
|
|
| Interest receivable and similar income | (102,092) | (166,926) | (273,805) |
| Income from investments | (60,303) | (15,559) | (78,211) |
| Taxation | 24,500 | 40,062 | 62,428 |
|
| (77,719) | (42,898) | (293,209) |
| (Decrease)/increase in other creditors | (110,000) | (100,845) | 9,130 |
|
| (187,719) | (143,743) | (284,079) |
| Tax paid | (37,500) | (37,500) | (101,138) |
| Net cash used in operating activities | (225,219) | (181,243) | (385,217) |
Cash flows from investing activities |
|
|
|
| |
|
|
|
| Income from investments | 55,524 | 15,559 | 78,211 |
| Interest received | 106,685 | 171,813 | 344,390 |
|
|
|
|
|
| Purchase of investments | (342,484) | - | (130,879) |
| Sale of investments | 69,166 | - | - |
| Decrease in deposits | 250,000 | - | 200,000 |
Net cash from investing activities | 138,891 | 187,372 | 491,722 |
Cash flows from financing activities | - | - | - |
Net (decrease)/increase in cash and cash equivalents | (86,328) | 6,129 | 106,505 |
| |
|
|
|
Cash and cash equivalents at 1 April | 232,540 | 126,035 | 126,035 |
Cash and cash equivalents at 30September/31 March | 146,212 | 132,164 | 232,540 |
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