(NBP) Narborough Plantations
Summary
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| 17-11-11 | RNS |
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RNS Number : 2731S Narborough Plantations PLC 17 November 2011 THE NARBOROUGH PLANTATIONS, PUBLIC LIMITED COMPANY
Incorporated in England and Wales 1910 - Registration No. 109273 (UK Registered Office: 25 Moorgate, London, EC2R 6AY, United Kingdom)
Registered as a Foreign Company in Malaysia - No. 991416-W (Malaysian Registered Office: 33A Jalan Tun Sambanthan, 30000 Ipoh, Perak Darul Ridzuan, Malaysia)
NOTICE OF DIVIDEND
1. SINGLE TIER 2ND INTERIM AND 1ST SPECIAL DIVIDEND
The Board hereby announce that a Single Tier 2nd Interim Dividend of 1 pence and a Single Tier 1st Special Dividend of 1.5 pence per Ordinary shares with a nominal value of 10 pence each in respect of the financial year ending 31 December 2011 was declared on the Ordinary shares, which is payable on 9 December 2011, to shareholders registered at the close of business on 25 November 2011. The ex-dividend date is 23 November 2011.
2. PREFERENCE DIVIDEND
It was also announced that a Single Tier Preference Dividend of 2.0 pence per 20% Cumulative Preference shares with a nominal value of 10 pence each in respect of the financial year ending 31 December 2011 was declared on the Preference shares, which is payable on 9 December 2011, to Preference shareholders registered at the close of business on 25 November 2011. The ex-dividend date is 23 November 2011.
We hereby certify that no Malaysian Income Tax is deductible from the single tier dividend under section 108 of the Malaysian Income Tax Act 1967 and is not taxable in the hands of the shareholders who are tax residents in Malaysia pursuant to paragraph 12B of Schedule 6 of the said Act.
We would advise shareholders who are not tax residents of Malaysia to consult with your local tax authorities on the tax status of these dividends as they may be subjected to tax in the country of your residence.
Registrar's name, address and telephone no. :
This announcement is also available for viewing on the Company's website: www.narboroughplantations.com and the UKLA's National Storage Mechanism at www.hemscott.com/nsm.do
By Order of the Board,
ADRIAN TSEN KENG YAM Secretary
Ipoh. Date: 17 November 2011 This information is provided by RNS The company news service from the London Stock Exchange More |
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| 28-10-11 | RNS |
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RNS Number : 0332R Narborough Plantations PLC 28 October 2011 THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2011
The income statement should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
The income statement should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
STATEMENT OF COMPREHENSIVE INCOME AND EXPENSES(the figures have not been audited) (in Ringgit Malaysia)
* There is no income tax attributable to the components of other comprehensive income
The statement of comprehensive income and expenses should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
STATEMENT OF COMPREHENSIVE INCOME AND EXPENSES(the figures have not been audited) (in Pound Sterling)
* There is no income tax attributable to the components of other comprehensive income
The statement of comprehensive income and expenses should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
STATEMENT OF FINANCIAL POSITION (the figures have not been audited)
The statement of financial position should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
The statement of changes in equity should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
The statement of changes in equity should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
STATEMENT OF CASH FLOWS (the figures have not been audited)
The cash flow statement should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements. THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Notes to the interim financial statements
A1. Basis of preparation
This interim report does not constitute the company's statutory accounts. The information presented in relation to 31 December 2010 is extracted from the statutory financial statements for the year then ended and which have been delivered to the Registrar of Companies on 24 June 2011. The Independent Auditors' Report on the statutory financial statements for the year ended 31 December 2010 was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report(s) and did not contain statements under s498 (2) or (3) Companies Act 2006.
The financial information for the nine months ended 30 September 2011 and 30 September 2010 has been neither audited nor reviewed pursuant to guidance issued by the Auditing Practices Board. Those for the nine months ended 30 September 2011 were approved by the board on 28 October 2011. These interim financial statements have been prepared in accordance with IAS 34 'Interim Financial Reporting' as adopted by the European Union, the requirements of the Disclosure and Transparency Rules issued by the Financial Services Authority and the accounting policies, and methods of computation as applied in the company's 2010 Annual Report and Accounts. The comparative figures for the year ended 31 December 2010 are an extract from the audited financial statements for the year.
The Company has considerable financial resources together with a yearly renewable contract with a major oil mill. Suppliers of fertilizers and transporters are selected through open tender to control cost of operations. As a consequence, the directors believe that the Company is well placed to manage its business risks successfully despite the current uncertain economic outlook.
After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing this interim report.
The accounting policies and methods of computation adopted by the Company in the interim financial statements are consistent with those adopted in the financial statements for the year ended 31 December 2010.
a) The following new Standards, Interpretations and Amendments, effective for the first time from 1 January 2011, have not had a material effect on the reported results or financial position:
· Improvement to IFRSs (2010)
b) Standards, amendments and interpretations to published standards not yet effective
Certain new standards, amendments and interpretations to existing standards have been published that are mandatory for the Company's accounting periods beginning on or after 1 February 2011 or later periods and which the Company has decided not to adopt early. These are:
· Amendment to IFRS 7 Disclosures : Transfers of Financial Assets*
· Severe Hyperinflation and Removal of Fixed Dates for First-Time Adopters (Amendments to IFRS 1)*
· Deferred tax: Recovery of Underlying Assets (Amendments to IAS 12)*
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Notes to the interim financial statements - cont'd
A1. Basis of preparation
b) Standards, amendments and interpretations to published standards not yet effective (cont'd)
· Presentation of Items of Other Comprehensive Income (Amendments to IAS 1)*
· Amendments to IAS 19 Employee Benefits*
· IFRS 9 Financial Instruments*
· IFRS 10 Consolidated Financial Statements*
· IFRS 11 Joint Arrangements*
· IFRS 12 Disclosures of Interests in Other Entities*
· IFRS 13 Fair Value of Measurement*
· IAS 27 Separate Financial Statements*
· IAS 28 Investments in Associates and Joint Ventures*
* Not endorsed by the EU as at the date of approval of these financial statement.
The Directors do not anticipate that the adoption of the above standards and interpretations will have a material impact on the Company's financial statements, other than increasing disclosure, in the period of initial adoption and subsequent periods.
A2. Seasonal or cyclical factors
The production of fresh fruits bunches of oil palms ("FFB") is dependent on weather conditions; hence is seasonal in nature. The turnover is also dependent on price fluctuations of Crude Palm Oil ("CPO")
A3. Items affecting assets, liabilities, equity, net income or cash flows
There were no items affecting assets, liabilities, equity, net income or cash flows that are unusual because of their nature, size or incidence.
A4. Change in estimates
There were no changes in estimates that have a material effect in the current quarter.
A5. Debt and equity securities
There were no issuance, cancellations, repurchase, resale and repayments of debt and equity securities in the current quarter.
A6. Dividend paid
There was no dividend paid during the quarter under review.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Notes to the interim financial statements - cont'd
A7. Segment information
The Company operates in the agricultural segment in Malaysia. All its fresh fruit bunches are sold in Malaysia to a single customer. Since the Company operates in a single business and geographic segment, no segmental analysis has been presented.
Financial information is presented to management in accordance with the measurement principles of IFRS. There are no adjustments or eliminations made in preparing the Company's financial statements from the reportable segment revenues, profit or loss, assets and liabilities.
A8. Valuation of property, plant and equipment
The valuations of property, plant and equipment have been brought forward without amendment from the previous annual financial statements.
A9. Capital commitments
There are no material capital commitments as at 30 September 2011.
A10. Events subsequent to the balance sheet date
There were no material events subsequent to the end of the current quarter that have not been reflected in the interim financial statements under review.
A11. Changes in composition
There were no changes in the composition of the Company for the current quarter.
A12. Changes in contingent liabilities and contingent assets
There were no contingent liabilities or contingent assets as at the last annual balance sheet date and the latest practicable date.
A13. Related party transactions
There were no significant related party transactions of the Company for the current quarter.
Additional information
B1. Review of performance
The Company registered revenue of RM7,197,107 (£1,471,801) for the current financial period, an increase of 53.24% as compared to the preceding year corresponding period.
This is mainly due to an increase in the average price of fresh fruit bunches (FFB) for the current period by 36.52% from RM530.16 to RM723.79 per metric tonne ("MT") as compared to the preceding year corresponding period. The FFB yield for the current period has also increased, by 12.25% from 8,859 MT to 9,944 MT as compared to the preceding year corresponding period.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Additional information - cont'd
B1. Review of performance - cont'd
The Company's balance sheet shows net assets of RM55,269,955 (£11,118,626) compared with RM51,195,605 (£10,708,961) at 31 December 2010. Cash and cash equivalents totalled RM15,473,101 (£3,113,300) compared with RM12,193,874 (£2,551,020) as at 31 December 2010. The Company does not have any borrowings.
Earnings per share were 35.55 sen (7.27 p) [2010: 17.19 sen (3.45 p)].
B2. Variation of results against preceding year corresponding quarter
The current quarter recorded a pre-tax profit of RM1,815,905 (£373,205) against pre-tax profit of RM1,513,692 (£306,337) in the preceding year corresponding quarter.
The pre-tax profit is higher primarily due to an increase in the average price of FFB for the quarter by 17.69% from RM548.18 to RM645.15 as compared to the preceding year corresponding quarter . The FFB yield for the current quarter has also increased, by 3.45% from 3,457 MT to 3,576 MT as compared to the preceding year corresponding quarter.
B3. Current year prospects
Barring any unforeseen circumstances, the directors expect the performance of the Company for the remaining period of the current financial year to be satisfactory.
B4. Profit forecast
Not applicable as no profit forecast was published.
B5. Tax expense
The tax residence of the Company is in Malaysia.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Additional information - cont'd
B5. Tax expense - cont'd
A reconciliation of the Malaysian income tax rate to the effective tax rate of the Company is as follows:-
B6. Unquoted investments and properties
There was no purchase or sales of unquoted investments or properties for the current financial year to-date.
B7. Quoted investments
There were no purchases of quoted securities for the current financial period. B8. Status of corporate proposal announced
There were no corporate proposals announced and not completed as at the latest practicable date.
B9. Borrowing and debt securities
There were no borrowings and debt securities as at the end of the current quarter.
B10. Off balance sheet financial instruments
There were no financial instruments with off balance sheet risk as at the latest practicable date.
B11. Changes in material litigation
There was no pending material litigation as at the latest practicable date.
B12. Dividends
A Single Tier Interim Dividend of 10% amounting to RM659,837 (£133,166) for the year ending 31 December 2011 was announced on 12 May 2011 and paid on 17 June 2011.
The directors do not recommend any payment of dividend for the current quarter under review.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Additional information - cont'd
B13. Earnings per share - basic and diluted
Basic earnings per share
The earnings per share is calculated by dividing the net profit for the period attributable to equity holders of the Company by the weighted average number of shares of the Company in issue during the period.
Diluted earnings per shares
Not applicable.
THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
Additional information - cont'd
B.14 Statement of Director' Responsibilities
The Directors confirm that the above financial statements have been prepared in accordance with the applicable accounting standards as adopted by the European Union, and that the 3rd quarter financial report herein includes a fair review of the information required by the Disclosure and Transparency Rule issued by the Financial Service Authority (United Kingdom).
The financial statements are measured in Ringgit Malaysia, which is the functional currency, being the currency of the primary economic environment in which the Company operates. The financial statements are presented in both Ringgit Malaysia (RM) and Pound Sterling. The balance sheet is translated to Pound Sterling for presentation purpose at an exchange rate of RM1 = 20.12p (2010: RM1 = 20.45p) whereas the income statement is translated at an average exchange rate of RM1 = 20.45p (2010: RM1 = 20.04p).
The Unaudited Results of The Narborough Plantations, plc for the Interim Period Ended 30 September 2011 are also available on the Company's website at www.narboroughplantations.com and UKLA's National Storage Mechanism at www.hemscott.com/nsm.do .
On behalf of the Board
Adrian Tsen Keng Yam Executive Director
Dated : 28 October 2011 Ipoh This information is provided by RNS The company news service from the London Stock Exchange More |
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| 29-07-11 | RNS |
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RNS Number : 3642L Narborough Plantations PLC 29 July 2011 THE NARBOROUGH PLANTATIONS, PLC (Incorporated in England 1910 - Registration No. 109273) (Registered as a Foreign Company in Malaysia - No. 991416-W)
INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2011
The income statement should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
The income statement should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
STATEMENT OF COMPREHENSIVE INCOME AND EXPENSES(the figures have not been audited) (in Ringgit Malaysia)
* There is no income tax attributable to the components of other comprehensive income
The statement of comprehensive income and expenses should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements. STATEMENT OF COMPREHENSIVE INCOME AND EXPENSES(the figures have not been audited) (in Pound Sterling)
* There is no income tax attributable to the components of other comprehensive income
The statement of comprehensive income and expenses should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
STATEMENT OF FINANCIAL POSITION (the figures have not been audited)
The statement of financial position should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
The statement of changes in equity should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
The statement of changes in equity should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
STATEMENT OF CASH FLOWS (the figures have not been audited)
The cash flow statement should be read in conjunction with the financial statements for the financial year ended 31 December 2010 and the accompanying explanatory notes attached to the interim financial statements.
Notes to the interim financial statements
A1. Basis of preparation
This interim report does not constitute the company's statutory accounts. The information presented in relation to 31 December 2010 is extracted from the statutory financial statements for the year then ended and which have been delivered to the Registrar of Companies on 24 June 2011. The Independent Auditors' Report on the statutory financial statements for the year ended 31 December 2010 was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report(s) and did not contain statements under s498 (2) or (3) Companies Act 2006.
The financial information for the six months ended 30 June 2011 and 30 June 2010 has been neither audited nor reviewed pursuant to guidance issued by the Auditing Practices Board. Those for the six months ended 30 June 2011 were approved by the board on 29 July 2011. These interim financial statements have been prepared in accordance with IAS 34 'Interim Financial Reporting' as adopted by the European Union, the requirements of the Disclosure and Transparency Rules issued by the Financial Services Authority and the accounting policies, and methods of computation as applied in the company's 2010 Annual Report and Accounts. The comparative figures for the year ended 31 December 2010 are an extract from the audited financial statements for the year.
The Company has considerable financial resources together with a yearly renewable contract with a major oil mill. Suppliers of fertilizers and transporters are selected through open tender to control cost of operations. As a consequence, the directors believe that the Company is well placed to manage its business risks successfully despite the current uncertain economic outlook.
After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing this interim report.
The accounting policies and methods of computation adopted by the Company in the interim financial statements are consistent with those adopted in the financial statements for the year ended 31 December 2010.
a) The following new Standards, Interpretations and Amendments, effective for the first time from 1 January 2011, have not had a material effect on the reported results or financial position:
· Improvement to IFRSs (2010)
b) Standards, amendments and interpretations to published standards not yet effective
Certain new standards, amendments and interpretations to existing standards have been published that are mandatory for the Company's accounting periods beginning on or after 1 February 2011 or later periods and which the Company has decided not to adopt early. These are:
· Amendment to IFRS 7 Disclosures : Transfers of Financial Assets*
· Severe Hyperinflation and Removal of Fixed Dates for First-Time Adopters (Amendments to IFRS 1)*
· Deferred tax: Recovery of Underlying Assets (Amendments to IAS 12)*
· IFRS 9 Financial Instruments*
· IFRS 10 Consolidated Financial Statements*
· IFRS 11 Joint Arrangements*
· IFRS 12 Disclosures of Interests in Other Entities*
· IFRS 13 Fair Value of Measurement*
· IAS 27 Separate Financial Statements*
· IAS 28 Investments in Associates and Joint Ventures*
* Not endorsed by the EU as at the date of approval of these financial statement.
The Directors do not anticipate that the adoption of the above standards and interpretations will have a material impact on the Company's financial statements, other than increasing disclosure, in the period of initial adoption and subsequent periods.
A2. Seasonal or cyclical factors
The production of fresh fruits bunches of oil palms ("FFB") is dependent on weather conditions; hence is seasonal in nature. The turnover is also dependent on price fluctuations of Crude Palm Oil ("CPO")
A3. Items affecting assets, liabilities, equity, net income or cash flows
There were no items affecting assets, liabilities, equity, net income or cash flows that are unusual because of their nature, size or incidence.
A4. Change in estimates
There were no changes in estimates that have a material effect in the current quarter.
A5. Debt and equity securities
There were no issuance, cancellations, repurchase, resale and repayments of debt and equity securities in the current quarter.
A6. Dividend paid
A Single Tier Interim Dividend of 10% to RM659,837 (£133,166) for the year ending 31 December 2011 was announced on 12 May 2011 and paid on 17 June 2011.
A7. Segment information
The Company operates in the agricultural segment in Malaysia. All its fresh fruit bunches are sold in Malaysia to a single customer. Since the Company operates in a single business and geographic segment, no segmental analysis has been presented.
Financial information is presented to management in accordance with the measurement principles of IFRS. There are no adjustments or eliminations made in preparing the Company's financial statements from the reportable segment revenues, profit or loss, assets and liabilities.
A8. Valuation of property, plant and equipment
The valuations of property, plant and equipment have been brought forward without amendment from the previous annual financial statements.
A9. Capital commitments
There are no material capital commitments as at 30 June 2011.
A10. Events subsequent to the balance sheet date
There were no material events subsequent to the end of the current quarter that have not been reflected in the interim financial statements under review.
A11. Changes in composition
There were no changes in the composition of the Company for the current quarter.
A12. Changes in contingent liabilities and contingent assets
There were no contingent liabilities or contingent assets as at the last annual balance sheet date and the latest practicable date.
A13. Related party transactions
There were no significant related party transactions of the Company for the current quarter.
Additional information
B1. Review of performance
The Company registered revenue of RM4,889,712 (£997,900) for the current financial period, an increase of 74.55% as compared to the preceding year corresponding period.
This is mainly due to an increase in the average price of fresh fruit bunches (FFB) for the current period by 48.08% from RM518.63 to RM767.96 per metric tonne ("MT") as compared to the preceding year corresponding period. The FFB yield for the current period has also increased, by 17.88% from 5,401 MT to 6,367 MT as compared to the preceding year corresponding period.
The Company's balance sheet shows net assets of RM53,909,261 (£11,090,733) compared with RM51,195,605 (£10,708,961) at 31 December 2010. Cash and cash equivalents totalled RM14,286,570 (£2,939,623) compared with RM12,193,874 (£2,551,020) as at 31 December 2010. The Company does not have any borrowings.
Earnings per share were 25.33 sen (5.17 p) [2010: 8.35 sen (1.66 p)].
B2. Variation of results against preceding year corresponding quarter
The current quarter recorded a pre-tax profit of RM2,171,885 (£441,451) against pre-tax profit of RM1,010,516 (£200,475) in the preceding year corresponding quarter.
The pre-tax profit is higher primarily due to an increase in the average price of FFB for the quarter by 39.19% and an increase in share of operating profit in associate after tax from RM177,641 (£35,246) for the quarter ended 30 June 2010 to RM492,374 (£100,323) for the current quarter. The FFB yield for the current quarter has also increased, by 9.76% from 2,974 MT to 3,264 MT as compared to the preceding year corresponding quarter.
B3. Current year prospects
Barring any unforeseen circumstances, the directors expect the performance of the Company for the remaining period of the current financial year to be satisfactory.
B4. Profit forecast
Not applicable as no profit forecast was published.
B5. Tax expense
The tax residence of the Company is in Malaysia.
A reconciliation of the Malaysian income tax rate to the effective tax rate of the Company is as follows:-
B6. Unquoted investments and properties
There was no purchase or sales of unquoted investments or properties for the current financial year to-date.
B7. Quoted investments
There were no purchases of quoted securities for the current financial period. B8. Status of corporate proposal announced
There were no corporate proposals announced and not completed as at the latest practicable date.
B9. Borrowing and debt securities
There were no borrowings and debt securities as at the end of the current quarter.
B10. Off balance sheet financial instruments
There were no financial instruments with off balance sheet risk as at the latest practicable date.
B11. Changes in material litigation
There was no pending material litigation as at the latest practicable date.
B12. Dividends
A Single Tier Interim Dividend of 10% to RM659,837 (£133,166) for the year ending 31 December 2011 was announced on 12 May 2011 and paid on 17 June 2011 during the period under review.
B13. Earnings per share - basic and diluted
Basic earnings per share
The earnings per share is calculated by dividing the net profit for the period attributable to equity holders of the Company by the weighted average number of shares of the Company in issue during the period.
Diluted earnings per shares
Not applicable.
B.14 Statement of Director' Responsibilities
The Directors confirm that the above financial statements have been prepared in accordance with the applicable accounting standards as adopted by the European Union, and that the 2nd quarter financial report herein includes a fair review of the information required by the Disclosure and Transparency Rule issued by the Financial Service Authority (United Kingdom).
The financial statements are measured in Ringgit Malaysia, which is the functional currency, being the currency of the primary economic environment in which the Company operates. The financial statements are presented in both Ringgit Malaysia (RM) and Pound Sterling. The balance sheet is translated to Pound Sterling for presentation purpose at an exchange rate of RM1 = 20.58p (2010: RM1 = 20.37p) whereas the income statement is translated at an average exchange rate of RM1 = 20.41p (2010: RM1 = 19.84p).
The Unaudited Results of The Narborough Plantations, plc for the Interim Period Ended 30 June 2011 are also available on the Company's website at www.narboroughplantations.com and UKLA's National Storage Mechanism at www.hemscott.com/nsm.do .
On behalf of the Board
Adrian Tsen Keng Yam Executive Director
Dated : 29 July 2011 Ipoh This information is provided by RNS The company news service from the London Stock Exchange More |
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| 27-06-11 | RNS |
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RNS Number : 1501J Narborough Plantations PLC 27 June 2011 THE NARBOROUGH PLANTATIONS, PUBLIC LIMITED COMPANY
Incorporated in England and Wales 1910 - Registration No. 109273 (UK Registered Office: 25 Moorgate, London, EC2R 6AY, United Kingdom)
Registered as a Foreign Company in Malaysia - No. 991416-W (Malaysian Registered Office: 33A Jalan Tun Sambanthan, 30000 Ipoh, Perak Darul Ridzuan, Malaysia)
RESULTS OF THE ONE HUNDREDTH AND FIRST ANNUAL GENERAL MEETING ("101ST AGM) HELD ON 24 JUNE 2011.
The Board of Directors of The Narborough Plantations, plc are pleased to announce that all six of the resolutions as set out in the Notice of Annual General Meeting dated 18 March 2011 have been duly passed by the shareholders of the Company at 11.00 a.m (Malaysian Time) on 24 June 2011. These resolutions are as follows:
For further details, please contact :
Adrian Tsen Keng Yam Executive Director / Company Secretary Narborough Plantations, Public Limited Company 33A Jalan Tun Sambanthan 30000 Ipoh
Tel No. : 605-255 9015 Fax No. : 605- 255 9016
This announcement is dated 27 June 2011. This information is provided by RNS The company news service from the London Stock Exchange More |
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| 21-03-05 | ||||
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Am looking now after an 18% increase in SP this morning!
I do not know if their Palm Oil can be used for biofuels - but that kind of speculation could be behind today's spectacular rise. In this same sector Plantation & General Investments (epic: PGI) has risen from 20 pence (in Jan'05) to 60 pence (21 March 05). Let's hope for a similar increase in Narborough Plantations. |
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| 20-03-05 |
Buy
Latest figures
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Anybody else looking at this - Figures look quite good
a/ Prospective PE ratio of 14. b/ Growth in eps forecast of 117%. c/ Net asset value per share of 25.3p. d/ Cash flow of 1.91p per share. e/ Dividend yield of 4.7%. Anybody know if their oil palm can be used for biofuels. |
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They have not been approved or issued by Interactive Investor Trading Limited.
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