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:
- The directors do not propose to pay any interim dividend (2022 : RM Nil).
- 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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