GHL System Berhad Annual Report 2018

G H L S y s t e m S B e r h a d ( 2 9 3 0 4 0 - D ) 126 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 23. 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 1.1.2017 Movements during the financial year Outstanding as at 31.12.2017 Exercisable as at 31.12.2017 Granted Exercised Forfeited 2017 20 June 2014 - second tranche 1,420,001 - (1,420,001) - - - - third tranche 1,499,999 - (1,499,999) - - - 2,920,000 - (2,920,000) - - - Weighted average exercise prices (RM) 0.57 - 0.57 - - - Weighted average remaining contractual life (months) 6 - 8 September 2015 - first tranche 600,000 - (600,000) - - - - second tranche 600,000 - (600,000) - - - - third tranche 600,000 - (600,000) - - - 1,800,000 - (1,800,000) - - - Weighted average exercise prices (RM) 0.86 - 0.86 - - - Weighted average remaining contractual life (months) 20 - During the financial year, the Group recognised share options granted under shares options scheme of RM1,018,945 (2017: RM18,962) in profit or loss, out of which an amount of RM643,848 (2017: RM Nil) was in respect of employees of subsidiaries. At Company level, the amount of RM643,848 (2017: RM Nil) was recorded as an increase in investments in subsidiaries (Note 15) with a corresponding credit to equity.