T2IB03355 Clover_S1.indd
T2IB03355 Clover_S1.indd
T2IB03355 Clover_S1.indd
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Notes to the consolidated financial statements / Aantekeninge tot die gekonsolideerde finansiële state<br />
for the year ended/vir die jaar geëindig 30.6.2012<br />
No expense is recognised for awards that do not ultimately vest, except for equity-settled<br />
transactions for which vesting is conditional upon a market or non-vesting condition.<br />
These are treated as vesting irrespective of whether or not the market or non-vesting<br />
condition is satisfied, provided that all other performance and/or service conditions are<br />
satisfied.<br />
When the terms of an equity-settled transaction award are modified, the minimum<br />
expense recognised is the expense as if the terms had not been modified, if the original<br />
terms of the award are met. An additional expense is recognised for any modification<br />
that increases the total fair value of the share-based payment transaction, or is otherwise<br />
beneficial to the employee as measured at the date of modification.<br />
When an equity-settled award is cancelled, it is treated as if it vested on the date of<br />
cancellation, and any expense not yet recognised for the award is recognised immediately.<br />
This includes any award where non-vesting conditions within the control of either the<br />
entity or the employee are not met. However, if a new award is substituted for the<br />
cancelled award, and designated as a replacement award on the date that it is granted,<br />
the cancelled and new awards are treated as if they were a modification of the original<br />
award, as described in the previous paragraph. The dilutive effect of outstanding options is<br />
reflected as additional share dilution in the computation of diluted earnings per share.<br />
Cash-settled share-based compensation plan<br />
The cost of a cash-settled transaction is measured initially at fair value at the grant date<br />
using a modified version of the Hull-White Trinominal Lattice model taking into account<br />
the terms and conditions upon which the instruments were granted. This fair value is<br />
expensed over the period until vesting with recognition of a corresponding liability. The<br />
liability is remeasured at each reporting date up to and including the settlement date with<br />
changes in fair value recognised in profit or loss.<br />
(t) Borrowing costs<br />
Borrowing costs directly attributable to the acquisition, construction or production of an<br />
asset that necessarily takes a substantial period of time to get ready for its intended use<br />
or sale are capitalised as part of the cost of the respective assets. All other borrowing<br />
costs are expensed in the period they incurr. Borrowing costs consist of interest and<br />
other costs that an entity incurs in connection with the borrowing of funds. The Group<br />
capitalised borrowing costs for all eligible assets where construction was commenced on<br />
or after 1 July 2009.<br />
(u) Comparative figures<br />
Where account balances were adjusted for the purpose of improved disclosure, the<br />
comparative figures have been restated accordingly.<br />
Geen uitgawes word erken vir toekennings wat nie uiteindelik vestig nie, behalwe vir<br />
ekwiteitsvereffende transaksies waarvoor vestiging afhanklik is van ‘n mark- of nievestigende<br />
toestand. Dit word behandel as die vestigingstydperk ongeag daarvan of die<br />
mark- of nie-vestigende toestand nagekom is, met dien verstande dat alle ander prestasie-<br />
en/of diensvoorwaardes nagekom is.<br />
Wanneer die bepalings van ‘n ekwiteitsvereffende transaksietoekenning gewysig word, is<br />
die minimum uitgawe erken die uitgawe asof die bepalings nie verander het nie, indien die<br />
oorspronklike voorwaardes van die toekenning nagekom word. ‘n Bykomende uitgawe<br />
word erken vir enige wysiging wat die totale billike waarde van die ekwiteitsgebaseerde<br />
betalingstransaksie verhoog, of andersins voordelig is vir die werknemer soos gemeet op<br />
die datum van die wysiging.<br />
Wanneer ‘n ekwiteitsvereffende toekenning gekanselleer word, word dit hanteer asof dit<br />
gevestig het op die kanselleringsdatum, en enige uitgawe wat nog nie vir die toekenning<br />
erken is nie, word onmiddellik erken. Dit sluit in enige toekenning waar nie-vestigende<br />
toestande binne die beheer van óf die entiteit óf die werknemer nie nagekom word nie.<br />
Indien ‘n nuwe toekenning egter die gekanselleerde toekenning vervang, en aangewys<br />
word as ‘n plaasvervanger-toekenning op die datum waarop dit toegestaan word,<br />
word die gekanselleerde en nuwe toekennings behandel asof hulle ‘n wysiging van die<br />
oorspronklike toekenning was, soos beskryf in die vorige paragraaf. Die verwateringseffek<br />
van uitstaande opsies word as bykomende aandeelverwatering in die berekening van<br />
verwaterde verdienste per aandeel weerspieël.<br />
Kontantvereffende aandeelgebaseerde vergoedingsplan<br />
Die koste van kontantvereffende transaksies word aanvanklik op die kennisgewingdatum<br />
teen billike waarde gemeet deur gebruikmaking van ’n aangepaste weergawe van die<br />
Hull-White Trinominal Lattice model, inagnemend die terme en voorwaardes waarop<br />
die instrumente toegeken is. Die billike waarde word afgeskryf oor die periode tot<br />
en met vestiging met erkenning van die ooreenkomstige las. Die las word op elke<br />
verslagdoeningsdatum hermeet tot en met die vereffeningsdatum, met veranderinge in<br />
billike waarde in wins of verlies erken.<br />
(t) Leenkoste<br />
Leningskoste wat regstreeks toegewys word aan die aankoop, konstruksie of produksie<br />
van ’n bate wat noodwendig ’n aansienlike tyd neem voordat dit gereed is vir gebruik of<br />
verkoop, word as deel van die koste van die onderskeie bates gekapitaliseer. Alle ander<br />
leningskostes word afgeskryf in die tydperk waarin hulle aangegaan word. Leningskostes<br />
bestaan uit rente en ander kostes wat ’n onderneming aangaan ten opsigte van die leen<br />
van fondse. Die Groep het leningskostes vir alle toepaslike bates gekapitaliseer indien daar<br />
op of voor 1 Julie 2009 met konstruksie begin is.<br />
(u) Vergelykende syfers<br />
Waar rekeningsaldo’s aangepas is om verbeterde openbaarmaking daar te stel, word die<br />
vergelykende syfers dienooreenkomstig hersaamgestel.<br />
<strong>Clover</strong> Geïntegreerde Jaarverslag 2012 – 131