to download - Boustead Holdings Berhad

EMPLOYEES’ SHARE OPTION SCHEME (cont’d.)
The movement in the options to take up unissued new ordinary shares of RM0.50 each and the option prices
at which the employees were entitled to exercise their options during the year ended 31 December 2004 were
as follows:
Option At At
Price 1/1/04 Granted Exercised 31/12/04
’000 ’000 ’000 ’000
RM0.94 46,343 — (31,704) 14,639
RM0.98 3,128 — (2,084) 1,044
RM1.50 — 9,802 (5) 9,797
49,471 9,802 (33,793) 25,480
The Company has been granted exemption by the Companies Commission of Malaysia from having to
disclose the names of employees who have been granted options to subscribe for less than 100,000 ordinary
shares of RM0.50 each. The name of option holders and the number of options granted to them during the
year, being 100,000 or more, are set out below:
Name of At At
option holder 1/1/04 Granted* Exercised 31/12/04
Cheah Swee Choo 200,000 100,000 (50,000) 250,000
Rodaina Ibrahim — 100,000 — 100,000
*Options granted during the year were priced at RM1.50 per share
OTHER STATUTORY INFORMATION
(a) Before the income statements and balance sheets of the Group and of the Company were made out, the
Directors took reasonable steps:
(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the
making of provision for doubtful debts and satisfied themselves that all known bad debts had been
written off and that adequate provision had been made for doubtful debts; and
(ii) to ensure that any current assets which were unlikely to realise their value as shown in the
accounting records in the ordinary course of business had been written down to an amount which
they might be expected so to realise.
77