Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)27. Obligations under finance leases (cont’d)Future minimum lease payments under finance leases together with the present value of the net minimum lease payments are as follows:GroupMaturitiesMinimum leasepaymentsPresent value ofpaymentsInterest$’000 $’000 $’0002006Not later than 1 year 2007 1,328 143 1,185More than 1 year and not later than 5 years 2011 1,146 90 1,056More than 5 years 2012 75 3 722,549 236 2,3132005Not later than 1 year 2006 1,747 195 1,552More than 1 year and not later than 5 years 2010 3,323 173 3,1505,070 368 4,70228. Employee benefitsEmployee benefi ts expense (including executive directors):Group2006 2005$’000 $’000Wages, salaries, bonuses and other costs 78,938 66,166Central Provident Fund contributions 7,147 4,777Pension costs (Note 28b) 8 368Employee share option expense (43) 9986,050 71,410a) OSIM Share Option SchemeShare options are granted to confi rmed full time employees and directors of the Group who are not controlling shareholders.The options will vest if the employee remains in service for one year period from the date of grant. The exercise price of theoptions is equal to the market price of the shares on the date of grant. The contractual life of the options granted to executivedirectors and employees is ten years. There are no cash settlement alternatives.Notes to the Financial Statements 140Annual Report 2006