NOTES TO FINANCIAL STATEMENTS
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
106
27. SHARE OPTION SCHEME
(continued)
Notes: (continued)
(b)
(continued)
At the date of approval of these financial statements, the Company had 350,000 share options outstanding under the
2005 ESOS, which represent approximately 0.16% of the Company’s shares in issue as at that date.
(c)
The exercise prices and exercise periods of the share options outstanding as at the end of the reporting period are as
follows:
Number of share options
At 30 June
At 30 June
Exercise price*
2015
S$ per share
Exercise period
‘000
‘000
/PW
/PW
–
100
"QS
"QS
200
950
0.1060
/PW
/PW
150
150
350
1,200
*
The exercise price of the share options is subject to adjustment in case of rights or bonus issues, or other similar
changes in the Company’s share capital.
28. RESERVES
(a)
GROUP
The amounts of the Group’s reserves and the movements therein for the current and prior years are
presented in the consolidated statement of changes in equity of the financial statements.
(i)
The Group’s contributed surplus represents the difference between the aggregate of the nominal
value of issued share capital and the balance of the contributed surplus account the Company
acquired, and the nominal value of the shares of the Company issued in exchange therefor, pursuant
to a group restructuring completed in prior years.
(ii)
The land and buildings revaluation reserve is used to record increments and decrements in the fair
value of leasehold land and buildings, net of relevant deferred tax, to the extent that they offset
each other.
(iii)
In accordance with the relevant PRC regulations, each of the Group’s PRC subsidiaries is required
to transfer not less than 10% of its profit after tax, as determined in accordance with the PRC
accounting standards and regulations, to the general reserve until such reserve reaches 50%
of its registered capital. The quantum of the annual transfer is subject to the approval of the
respective boards of directors of the PRC subsidiaries in accordance with their respective articles
of association. No transfer was made in the current and prior years as the general reserves of the
relevant subsidiaries had reached 50% of their respective registered capital.
