Straco Corporation Limited • Annual Report 2014
74
NOTES TO THE FINANCIAL STATEMENTS
14
Straco share option scheme (cont’d)
The expected volatility is based on the historic volatility (calculated based on the weighted average expected life of the share options), adjusted for any
expected changes to future volatility due to publicly available information.
There are no market conditions associated with the share options granted. Service conditions and non-market performance conditions are not taken
into account in the measurement of the fair value of the services to be received at the grant date.
During the year ended 31 December 2014, the Group recognised share option expenses of $1,340,081 (2013: $452,800) in staff costs (note 19).
15
Borrowings
Group
Company
2014
2013
2014
2013
$
$
$
$
Non-current liabilities
Secured bank loan
71,000,000
–
–
–
Loan from shareholder of a subsidiary
2,900,000
–
–
–
73,900,000
–
–
–
Current liabilities
Current portion of secured bank loan
12,000,000
–
–
–
Short-term money market loan from a bank
7,458,711
–
7,458,711
–
19,458,711
–
7,458,711
–
93,358,711
–
7,458,711
–
Information about the Group’s and the Company’s exposure to interest rate, foreign currency and liquidity risk is included in note 25.
