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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
34. Commitments
Group
2018
2017
RM’000
RM’000
Capital expenditure:
Approved and contracted for:
Property, plant and equipment
2,010
2,749
Approved but not contracted for:
Property, plant and equipment
44,249
26,080
46,259
28,829
Share of capital commitments of associated companies
Approved and contracted for:
Property, plant and equipment
4,601
2,290
Approved but not contracted for:
Property, plant and equipment
-
5
35. Employee benefits
Employees’ Share Scheme (“ESS”)
The ESS comprises the following:
(i)
Employee Share Option Scheme (“ESOS”)
; whereby eligible employees are granted the right to subscribe for a number
of the Company shares at the prescribed subscription price subject to the terms and conditions of the Bye-Laws. No
performance targets are required to be met before the options are granted under the ESOS.
(ii)
Restricted Share Grant Scheme (“RSGS”)
; whereby the employees having a designation of general manager and
above will be granted the right to have a number of Company shares vested in them, subject to the terms and conditions
of the Bye-Laws. The RSGS requires performance targets to be met prior to the vesting of such shares.
In implementing the RSGS, the Company has appointed a company as a trustee for the purposes of subscribing for the
new shares and transferring such shares to the entitled employees as the Options Committee shall direct.