Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

152
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
38. Employee benefi ts (contd.)
(c) Fair value of share options granted
39. Commitments
The fair value of the share options granted during the previous fi nancial year was estimated at the grant
date using a binomial option pricing model, taking into account the terms and conditions upon which
the instruments were granted.
The following table lists the inputs to the option pricing models for the fi rst offer granted in year ended
31 December 2010:
Dividend yield (%) 1.51
Expected volatility (%) 39.77
Risk-free interest rate (% p.a.) 3.30
Expected life of option (years) 4.86
Weighted average share price (RM) 2.49
The expected life of the options is based on historical data and is not necessarily indicative of exercise
patterns that may occur. The expected volatility refl ects the assumption that the historical volatility over
a period similar to the life of the options is indicative of future trends, which may not necessarily be the
actual outcome.
(a) Capital commitments
Capital expenditures as at the reporting date are as follows:
Cahya Mata Sarawak Berhad
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Approved and contracted for:
- Property, plant and equipment 34,109 134,417 - -
- Others 16,667 6,000 - -
50,776 140,417 - -
Approved and not contracted for:
- Property, plant and equipment 150,555 44,342 617 1,888
- Others 16,667 30,000 - -
167,222 74,342 617 1,888
217,998 214,759 617 1,888