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NOTES TO THE FINANCIAL STATEMENTS
31 MARCH 2018
Kumpulan Fima Berhad (11817-V) •
Annual Report 2018
35. Employee benefits (cont’d.)
(a) ESOS (cont’d.)
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 2018:
Binomial option
pricing model
2018
2017
Dividend yield (%)
-
4.89
Expected volatility (%)
-
39.93
Risk-free interest rate (% p.a.)
-
1.83
Balance expected life of option (years)
-
-
Weighted average share price (RM)
-
1.82
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.
(b) RSGS
The following table illustrates the movements of shares vested under the RSGS during the financial year:
Movement of shares under the RSGS during the financial year
Group
2018
2017
No.
No.
Outstanding at 1 April 2017/2016
-
-
Granted
-
190,000
Vested
-
(190,000)
Outstanding at 31 March
-
-
The vesting of the RSGS shares is conditional upon the satisfaction of the performance targets of the Group and all other
conditions as set out in the ESS Bye-Laws.