Annual Report 2016
149
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
28. CAPITAL RESERVES
THE GROUP AND THE COMPANY
Share
Share Contributed
options
premium surplus
reserve
Total
HK$’000
HK$’000
HK$’000
HK$’000
Balance at April 1, 2014
117,027
75,070
3,619
195,716
Exercise of share options
1,521
–
(651)
870
Share options cancelled/lapsed
–
–
(2,243)
(2,243)
Balance at March 31, 2015
118,548
75,070
725
194,343
Exercise of share options
138
–
–
138
Share options cancelled
128
–
(231)
(103)
Balance at March 31, 2016
118,814
75,070
494
194,378
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 out in Note
29.
