Page 122 - ar2012

120 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
MARCH 31, 2013
26. ISSUED CAPITAL - continued
As at March 31, 2012, employees held options over 29,866,800 ordinary shares. The number of options and
their expiry dates are as follows:
Number of options Expiry on
6,888,000 April 10, 2012
600,000 May 5, 2013
11,040,000 April 16, 2014
420,000 November 17, 2014
10,918,800 October 1, 2019
29,866,800
Share options granted under the employee share option plan carry no rights to dividends and no voting rights. Further
details of the employee share option plan are contained in Note 28.
27. CAPITAL RESERVES
GROUP AND COMPANY
Share Contributed Share
premium surplus options reserve Total
HK$’000 HK$’000 HK$’000 HK$’000
Balance at April 1, 2011 82,906 75,070 4,397 162,373
Arising from rights issue 33,728 - - 33,728
Exercise of share options 393 - (117) 276
Recognition of share-based payment - - 423 423
Share options cancelled - - (78) (78)
Balance at March 31, 2012 117,027 75,070 4,625 196,722
Share options cancelled - - (222) (222)
Balance at March 31, 2013 117,027 75,070 4,403 196,500
Contributed surplus represents the difference between the underlying net tangible assets of the subsidiaries which
were acquired by the Company at the date of a group re-organisation in 2001 and the nominal amount of the
shares issued by the Company under the re-organisation.
The share option reserve arises on the grant of share options to employees under the employee share option plan.
Further information about share-based payments to employees is set in Note 28.