2009 - TDM Berhad

TDM Berhad (6265-P) 113Notes to the Financial Statements27. Employee Benefits (cont’d.)(b)Employee share options scheme (“ESOS”)(i)Details of share options outstanding at the end of the year:WAEPRMExercised period2008 Options 1.61 17.03.2009 – 16.03.2013(ii)Share options exercised during the yearAs disclosed in Note 24, options exercised during the fi nancial year resulted in the issuance of 5,000 (2008: 3,352,100) ordinaryshares at an average price of RM1.61 (2008: RM1.61) each. The related weighted average share price at the date of exercisewas RM1.53 (2008: RM1.47).(iii)Fair value of share options granted during the yearThe fair value of share options granted during the year was calculated by using the Binomial model, taking into account theterms and conditions upon which the options were granted. The fair value of share options measured at grant date and theassumptions are as follows:2008Fair value of share options at grant date of 17 March 2008 (RM) 0.329Weighted average share price (RM) 1.79Weighted average exercise price (RM) 1.61Expected volatility (%) 42.10Expected life (years) 5Risk free rate (%) 3.52Expected dividend yield (%) 2.75The expected life of the options is based on historical data and is not necessarily indicative of exercise patterns that mayoccur. The expected volatility refl ects the assumption that the historical volatility is indicative of future trends, which may alsonot necessarily be the actual outcome. No other features of the option grant were incorporated into the measurement of fairvalue.28. Deferred Tax LiabilitiesGroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000At 1 January 40,772 43,094 11,318 11,649Recognised in income statement (Note 8) 416 (2,322) (232) (331)At 31 December 41,188 40,772 11,086 11,318Presented after appropriate offsetting as follows:Deferred tax assets (6,839) (14,076) (379) (232)Deferred tax liabilities 48,027 54,848 11,465 11,55041,188 40,772 11,086 11,318