年報 - HKExnews

NOTES TO THE FINANCIAL STATEMENTS
31 March 2010
TEXWINCA HOLDINGS LIMITED ANNUAL REPORT 2010
2.4 SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)
Dividends
Final dividends proposed by the directors are classified as
a separate allocation of retained profits within the equity
section of the statement of financial position, until they
have been approved by the shareholders in a general
meeting. When these dividends have been approved by
the shareholders and declared, they are recognised as a
liability.
Interim dividends are simultaneously proposed and
declared, because the Company’s bye-laws grant the
directors the authority to declare interim dividends.
Consequently, interim dividends are recognised
immediately as a liability when they are proposed and
declared.
Employee benefits
Share-based payment transactions
The Company operates a share option scheme for the
purpose of providing incentives and rewards to eligible
participants who contribute to the success of the Group’s
operations. Employees (including directors) of the Group
receive remuneration in the form of share-based payment
transactions, whereby employees render services as
consideration for equity instruments (“equity-settled
transactions”).
The cost of equity-settled transactions with employees
is measured by reference to the fair value at the date
at which they are granted. In valuing equity-settled
transactions, no account is taken of any performance
conditions, other than conditions linked to the price of the
shares of the Company (“market conditions”), if applicable.
The cost of equity-settled transactions is recognised,
together with a corresponding increase in equity, over the
period in which the performance and/or service conditions
are fulfilled. The cumulative expense recognised for equitysettled
transactions at the end of each reporting period
until the vesting date reflects the extent to which the
vesting period has expired and the Group’s best estimate
of the number of equity instruments that will ultimately
vest. The charge or credit to the income statement for
a period represents the movement in the cumulative
expense recognised as at the beginning and end of that
period.
2.4
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