314 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 29. Share-based compensation plans (continued) (b) Employees’ Long-Term Incentive Plan (continued) The significant inputs in the model used were as follows: Grant date 3 August 2020 Share price at grant date (RM) 6.27 Risk free rate (%) 2.16 Expected volatility (%) 25 Expected dividend yield (%) 1.48 Fair value of Yinson Shares at date of award (RM): - Tranche 1 at 1-month VWAP of RM 6.50 5.76 - Tranche 2 at 1-month VWAP of RM 7.50 4.61 - Tranche 3 at 1-month VWAP of RM 8.50 3.66 - Tranche 4 at 1-month VWAP of RM 11.00 1.98 The expected dividend yield used was based on future estimates, which may not necessarily be the actual outcome. The expected price volatility is based on average historical volatility over a 4-year period on a daily basis. (c) Expenses arising from share-based payment transactions Total expenses arising from share-based payment transactions recognised during the current financial year as part of employee benefits expenses were as follows: Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Share options issued under ESS (Note 29(a)) 4 1 2 1 Share Award Scheme under LTIP (Note 29(b)) 18 8 6 3 Equity-settled share-based payment expenses 22 9 8 4 Performance Bonus Scheme under LTIP (Note 29(b)) 17 7 17 7 Total share-based payment expenses 39 16 25 11 The Company recognised in its profit or loss a total of RM2 million (2021: RM1 million) and RM6 million (2021: RM3 million), net of amounts recharged to its subsidiaries of RM2 million (2021: NIL) and RM12 million (2021: RM5 million) in respect of share options issued under ESS and share award scheme under LTIP respectively.
RkJQdWJsaXNoZXIy NDgzMzc=