GHL System Berhad Annual Report 2017

GHL SYSTEMS BERHAD 112 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 21. SHARE CAPITAL (cont’d) The details of the options over ordinary shares of the Company are as follows: (cont’d) Number of options over ordinary shares Outstanding as at 1.1.2016 Movements during the financial year Outstanding as at 31.12.2016 Exercisable as at 31.12.2016 Granted Exercised Forfeited 2016 3 September 2013 - first tranche - - - - - - - second tranche 500,097 - (500,097) - - - - third tranche 1,947,803 - (1,797,703) (150,100) - - 2,447,900 - (2,297,800) (150,100) - - Weighted average exercise prices (RM) 0.23 - 0.23 0.23 - - Weighted average remaining contractual life (months) 8 - 20 June 2014 - first tranche 1,500,000 - (1,500,000) - - - - second tranche 2,000,001 - (580,000) - 1,420,001 1,420,001 - third tranche 1,999,999 - (500,000) - 1,499,999 - 5,500,000 - (2,580,000) - 2,920,000 1,420,001 Weighted average exercise prices (RM) 0.57 - 0.57 - 0.57 0.57 Weighted average remaining contractual life (months) 18 6 8 September 2015 - first tranche 600,000 - - - 600,000 600,000 - second tranche 600,000 - - - 600,000 600,000 - third tranche 600,000 - - - 600,000 - 1,800,000 - - - 1,800,000 1,200,000 Weighted average exercise prices (RM) 0.86 - - - 0.86 0.86 Weighted average remaining contractual life (months) 32 20 During the financial year, the Group recognised share options granted under shares options scheme of RM18,962 (2016: RM400,408) in profit or loss, out of which an amount of RM Nil (2016: RM307,191) was in respect of employees of subsidiaries. At Company level, the amount of RM Nil (2016: RM307,191) was recorded as an increase in investments in subsidiaries (Note 14) with a corresponding credit to equity.