147 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 23. SHARE CAPITAL (Cont’d) (c) Executive Share Scheme (“ESS”) (Cont’d) The fair values of share options granted were estimated by using the Trinomial option pricing model, taking into account the terms and conditions upon which the options were granted. The risk-free rate is based on Malaysian Government Securities (“MGSs”). The fair values of share options measured at grant date and the assumptions are as follows: ESS Grant date 6.4.2018 Fair value of share options at the following grant dates (RM): 6 April 2018 - first tranche 0.14 - second tranche 0.20 - third tranche 0.25 Weighted average share price (RM) 1.52 Weighted adjusted average exercise price (RM) 1.08 Expected volatility (%) 25 Expected life (years) 3 Risk free rate (%) 4.20 Expected dividend yield (%) Nil (d) In the previous financial year, the Group recognised share options granted under shares options scheme of RM287,229 in profit or loss, out of which an amount of RM179,661 was in respect of employees of subsidiaries. At Company level, the amount of RM179,661 was recorded as an increase in investments in subsidiaries (Note 16 (g)) with a corresponding credit to equity. 24. RESERVES Group Company 2021 2020 2021 2020 RM RM RM RM Non-distributable Exchange translation reserve (3,250,116) (1,208,755) - - Share options reserve - 252,501 - 252,501 Retirement benefit reserve (305,431) (305,431) - - ESS shares - (2,253,505) - (2,253,505) (3,555,547) (3,515,190) - (2,001,004)
RkJQdWJsaXNoZXIy NDgzMzc=