notes to the financial statements - Food Empire Holdings Limited

Food Empire Holdings Limited Annual Report 2012
NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the year ended 31 December 2012
32. Employee benefits (cont’d)
Movements in the number of ordinary shares outstanding under the 2002 Option Scheme as at 31 December 2011 and the details
of the 2002 Option Scheme are as follows:
Number
of
holders
at end of
year
Number
of options
outstanding
at 1.1.2011
Number of
options
granted
during the
financial
year
Number of
options
lapsed
during the
financial
year
Number
of options
exercised
during the
financial
year
Number
of options
outstanding
at
31.12.2011
Exercise
price per
share
S$
Exercise
period
Remaining
contractual
life (years)
2002 Options 1 4 240,000 – – – 240,000 0.142 14 March
2004 to
13 March
2012
0.2
2004 Options 2 3,650,000 – – (250,000) 3,400,000 0.229 25 May
2006 to
24 May
2014
2.4
2010 Options 17 4,750,000 – (900,000) (120,000) 3,730,000 0.335 4 January
2011 to
3 January
2020
8.0
2011 Options
(February)
18 – 4,750,000 (700,000) – 4,050,000 0.505 1 February
2012 to
31 January
2021
9.1
2011 Options
(December)
21 – 4,470,000 – – 4,470,000 0.315 19
December
2012 to 18
December
2021
8,640,000 9,220,000 (1,600,000) (370,000) 15,890,000
Weighted
average share
price (S$) 0.285 0.413 0.409 0.263 0.347
10.0
1
Included within these balances are equity-settled options that have not been recognised in accordance with FRS 102 as these
equity-settled options were granted on or before 22 November 2002. These options have not been subsequently modified
and therefore do not need to be accounted for in accordance with FRS 102.
121