KUMPULAN FIMA ANNUAL REPORT 2016

page

166

KUMPULAN FIMA BERHAD

(11817-V) |

Annual Report

2016

34. EMPLOYEE BENEFITS (CONT’D)

Employees’ Share Scheme (“ESS”) (Cont’d)

(a) ESOS

The following table illustrates the number of share options (“No.”), weighted average exercise prices

(“WAEP”) and movements during the financial year:

Movement of share options under the ESOS during the financial year

Group

2016

2015

No. WAEP (RM)

Outstanding at 1 April 2015/2014

9,128,200

1.64 10,485,200

1.54

-Granted

844,800

1.89 1,634,800

2.06

-Forfeited

(818,900)

1.77

(607,900)

1.81

-Exercised

(880,600)

1.48 (2,383,900)

1.53

Outstanding at 31 March

8,273,500

1.64 9,128,200

1.64

Exercisable at 31 March

8,736,000

1.68 7,210,200

1.62

The weighted average fair value of options granted during the financial year was RM0.28 (2015:

RM0.44).

The weighted average share price at the date of exercise of the options exercised during the

financial year was RM1.91 (2015: RM2.28).

The weighted average exercise price for options outstanding at the end of the year was RM1.64

(2015: RM1.64).

Fair value of share options granted

The fair value of the share options granted is estimated at the grant date using a binomial option pricing

model, taking into account the terms and conditions upon which the instruments were granted.

The following table lists the inputs to the pricing models for the year ended 31 March 2016:

Binomial option

pricing model

2016

2015

Dividend yield (%)

5.00

3.52

Expected volatility (%)

38.72

42.62

Risk-free interest rate (% p.a.)

2.52

3.55

Balance expected life of option (years)

2.87

2.98

Weighted average share price (RM)

1.88

2.14