17. 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 1 March 19 May 12 April 2023 2022 2021 2021 Fair value of share options at the grant date RM0.253 RM0.508 RM0.365 RM0.352 Weighted average ordinary share price RM0.605 RM1.120 RM0.704 RM0.839 Exercise price of share option RM0.580 RM1.032 RM0.635 RM0.755 Expected volatility 59.15% 50.36% 39.85% 39.85% Expected life 5 years 5 years 5 years 5 years Risk free rate 3.90% 3.90% 3.96% 3.96% Expected dividend yield 0.55% - - - 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. 18. NON-CONTROLLING INTERESTS This consists of the non-controlling shareholders’ proportion of share capital and reserves in subsidiaries. 19. LOANS AND BORROWINGS Group Company 31.12.2024 31.12.2023 31.12.2024 31.12.2023 Note RM’000 RM’000 RM’000 RM’000 Non-current Term loans 19.1 8,730 14,015 - - 8,730 14,015 - - Current Term loans 19.1 4,991 4,831 - - Senior secured bond 19.2 - 227,575 - - Revolving credits 19.3 105,000 50,000 105,000 50,000 Other bank facilities 19.4 13,588 - - - Bank overdrafts 19.5 1,007 982 - - 124,586 283,388 105,000 50,000 133,316 297,403 105,000 50,000 162 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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