Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
HKFRS 2.47
R17.07(1)(c)
Financial statements for the year ended 31 December 2023
(c)
Fair value249 of share options and assumptions
The fair value of services received in return for share options granted is measured by reference to the
fair value of share options granted. The estimate of the fair value of the share options granted is
measured based on a binomial lattice model. The contractual life of the share option is used as an
input into this model. Expectations of early exercise are incorporated into the binomial lattice model.
Fair value of share options and assumptions
2023
2022
HKFRS 2.47(a)(i)
R17.07(1)(c)
Fair value at measurement date
$0.40
$0.50
Share price
$6.50
$6.00
Exercise price
$6.50
$6.00
Expected volatility (expressed as weighted average volatility used in the
modelling under binomial lattice model)
1%
1%
Option life (expressed as weighted average life used in the modelling
under binomial lattice model)
HKFRS 2.47(a)(ii)
HKFRS 2.47(a)(iii)
Expected dividends
Risk-free interest rate (based on Exchange Fund Notes)
years
years
1%
1%
1%
1%
The expected volatility is based on the historic volatility (calculated based on the weighted average
remaining life of the share options), adjusted for any expected changes to future volatility based on
publicly available information. Expected dividends are based on historical dividends. Changes in the
subjective input assumptions could materially affect the fair value estimate.
Share options were granted under a service condition. This condition has not been taken into account
in the grant date fair value measurement of the services received. There were no market conditions
associated with the share option grants.
30
INCOME TAX IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION 143
(a)
Current taxation in the consolidated statement of financial position represents:
HKAS 1.77
2023
2022
$'000
$'000
Provision for Hong Kong Profits Tax for the year
Provisional Profits Tax paid
13,000
14,849
(6,250)
(8,639)
6,750
6,210
Balance of Profits Tax provision relating to prior years
1,034
6,750
7,244
HKFRS 13.6(a)
249
Share-based payment transactions accounted for under HKFRS 2 are scoped out from both the measurement and disclosure
requirements of HKFRS 13. The fair value of share-based payments therefore continues to be measured and disclosed in
accordance with HKFRS 2.
156
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