YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 280 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 January 2024 29. SHARE-BASED COMPENSATION PLANS (CONTINUED) (d) 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 2024 RM million 2023 RM million 2024 RM million 2023 RM million Share options issued under ESS (Note 29(a)) 1 2 1 2 Amount charged to subsidiaries - - (1) (1) Net amounts recognised in profit or loss 1 2 - 1 Share Award Scheme under LTIP (Note 29(c)) 3 (10) 3 (10) Share Award Scheme under RSU (Note 29(b)) 1 - 1 - Amount (charged)/credited to subsidiaries - - (2) 9 Net amounts recognised in profit or loss 4 (10) 2 (1) Equity-settled share-based payment expenses 5 (8) 2 - Performance Bonus Scheme under LTIP (Note 29(c)) 1 (10) 1 (10) Total share-based payment expenses 6 (18) 3 (10) The effect of the acceleration of vesting of the Share Award Scheme arising from the cancellation of the LTIP, determined based on the number of Yinson Shares that are likely to vest at the date of cancellation (refer to details in Note 29(c)(h)), and the excess of compensation paid in respect of the 2020 RSU in Lieu of LTIP over fair value previously recognised, amounted to RM1 million. Included in Performance Bonus Scheme under LTIP is a reversal of RM1 million (2023: NIL) relating to the vesting and cash settlement of the 2020 RSU in Lieu of LTIP. In the previous financial year, the Group and the Company revised its assumptions on the achievement of specific target points for daily share price under the LTIP. This resulted in a reversal of LTIP expenses of RM38 million and RM11 million for the Share Award Scheme respectively, and RM26 million and RM26 million for the Performance Bonus Scheme respectively. (e) In the previous financial year, the Company had modified its ESS and LTIP awards in accordance with the completion of the Bonus Issue and Rights Issue on 14 April 2022 and 28 June 2022 respectively to ensure that the awards granted to the employees are maintained at the equivalent fair value of the original awards granted. Accordingly, there is no difference in the total fair value of the ESS and LTIP awards before and after the Bonus Issue and Rights Issue.
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