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Share Name Share Symbol Market Type Share ISIN Share Description
Hidong Estate Plc LSE:HID London Ordinary Share GB0004251863 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 50.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 0.0 0.2 8.1 6.2 1

Hidong Estate PLC Half-year Report

26/10/2020 10:22am

UK Regulatory (RNS & others)


Hidong Estate (LSE:HID)
Historical Stock Chart


From Oct 2020 to Jan 2021

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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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