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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
NOTES TO THE FINANCIAL
STATEMENTS 31 MARCH 2016
(contd.)
25. OTHER RESERVES (CONTD.)
(c) Equity Contribution from Parent (Contd.)
(i) ESOS (Contd.)
-
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 years ended 31 March 2016 and
2015:
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
Expected life of option (years)
2.87
2.98
Weighted average share price (RM)
1.88
2.14
The expected life of the options is based on historical data and is not necessarily indicative of
exercise patterns that may occur. The expected volatility reflects the assumption that the historical
volatility over a period similar to the life of the options is indicative of future trends, which may not
necessarily be the actual outcome.