16. CAPITAL AND RESERVES (CONTINUED) Share option reserve (continued) The fair values of the share options granted were estimated using the Binomial Option pricing model, taking into account the terms and conditions upon which the options were granted. The fair values of the share options measured at grant date and the assumptions used are as follows: Date of offer 1 March 2022 19 May 2021 12 April 2021 Fair value of share options at the grant date RM0.508 RM0.365 RM0.352 Weighted average ordinary share price RM1.120 RM0.704 RM0.839 Exercise price of share option RM1.032 RM0.635 RM0.755 Expected volatility 50.36% 39.85% 39.85% Expected life 5 years 5 years 5 years Risk free rate 3.90% 3.96% 3.96% Expected dividend yield – – – Translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from the Group’s presentation currency. Fair value reserve In the previous financial period, the fair value reserve comprised the cumulative net change in the fair value of equity instruments designated at fair value through other comprehensive income until the assets were derecognised. 17. NON-CONTROLLING SHAREHOLDERS’ INTERESTS This consists of the non-controlling shareholders’ proportion of share capital and reserves in subsidiaries. 265 DNeX INTEGRATED REPORT 2022
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