241 INTEGRATED ANNUAL REPORT 2025 ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 30. SHARE-BASED COMPENSATION PLANS (CONTINUED) (c) Employees’ Long-Term Incentive Plan (continued) (vi) The movement of RSUs in lieu of LTIP for the financial year ended 31 January 2025 was as follows: (continued) For the financial years ended 31 January 2025 and 2024, cash payments of RM10 million and RM7 million respectively were made to eligible LTIP participants in settlement of RSUs in lieu of LTIP. The RM10 million paid in financial year ended 31 January 2025 relates to the full settlement of the 2021 RSU in lieu of LTIP and early settlement of the 2022 RSU in lieu of LTIP. The RM7 million paid in financial year ended 31 January 2024 relates to the full settlement of the 2020 RSU in lieu of LTIP. (d) Expenses arising from share-based payment transactions Total expenses arising from share-based payment transactions recognised during the current financial year as part of employee benefits expenses were as follows: Group Company 2025 RM million 2024 RM million 2025 RM million 2024 RM million Share option issued under ESS (Note 30(a)) - 1 - 1 Amount charged to subsidiaries - - - (1) Net amounts recognised in profit or loss - 1 - - Share Award Scheme under LTIP (Note 30(c)) - 3 - 3 RSUs for Executive Directors and Senior Management (Note 30(b)) 5 1 5 1 Amount charged to subsidiaries - - - (2) Net amounts recognised in profit or loss 5 4 5 2 Equity-settled share-based payment expenses 5 5 5 2 Performance Bonus Scheme under LTIP (Note 30(c)) (4) 1 (4) 1 RSUs for other eligible employees (Note 30(b)) 2 - 2 - Total share-based payment expenses 3 6 3 3 Included in the Performance Bonus Scheme under the LTIP is a reversal of RM4 million (2024: reversal of RM1 million) relating to the vesting and cash settlement of the 2021 RSU in Lieu of LTIP (2024: 2020 RSU in Lieu of LTIP). 31. RESERVES (a) Foreign currency translation reserve The foreign currency translation reserve represents exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency. It also includes the exchange differences arising from monetary items which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in currencies different from that of the Group’s presentation currency. (b) Cash flow hedge reserve The cash flow hedge reserve represents cumulative fair value gain or loss arising from derivatives recognised. The effective portion of cash flow hedges is recognised in reserve while the ineffective portion will be reclassified to profit or loss.
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