Creative 2014 Annual Report Download - page 51

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51
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
      
       
date date (‘000) US$ % % % US$
31.3.2010 31.3.2011 514.5 3.49 56.07 1.99 0.45 3.57
31.3.2010 31.3.2012 514.5 3.40 56.07 1.99 0.62 3.57
31.3.2010 31.3.2013 514.5 3.33 56.07 1.99 0.72 3.57
31.3.2010 31.3.2014 514.5 3.29 56.07 1.99 1.08 3.57
Movements in the number of performance shares are as follows:
Outstanding Outstanding
at Vested and at
Grant 1 July 2013 Granted released Cancelled 30 June 2014
date (‘000) (‘000) (‘000) (‘000) (‘000)
31 March 2010 561 – (99) (175) 287
Outstanding Outstanding
at Vested and at
Grant 1 July 2012 Granted released Cancelled 30 June 2013
date (‘000) (‘000) (‘000) (‘000) (‘000)
31 March 2010 1,098 – (307) (230) 561
The 99,000 shares and 307,000 shares released during the nancial years ended 30 June 2014 and 2013 respectively were
satised using treasury shares.
24. OTHER RESERVES
Group Company
2014 2013 2014 2013
US$’000 US$’000 US$’000 US$’000
(a) 
Capital reserves 19,932 19,932 6,951 6,951
Share-based compensaon reserves (Note (b)) 42,638 43,419 28,155 28,936
62,570 63,351 35,106 35,887
Capital reserves arose from changes of interests in the group companies in prior nancial years. Share-based compensation
reserves comprised mainly of compensation expense for share options, tax benets relating to exercise of non qualied share
options by US employees, performance share plans and Chairman’s gift of shares to employees.
On 31 March 2010, 2,793,600 performance shares were granted subject to the terms and conditions of the Plan. Of the
total performance shares granted, 716,950 shares were vested immediately on the date of grant.
There were no awards granted under the Plan during the nancial years ended 30 June 2014 and 2013.
The fair value of the performance shares is determined at the grant date using the Monte Carlo simulation model which
involves projecting future outcomes based on statistical distributions of key random variables including share price and
volatility of returns.
The fair values and assumption inputs used in the model are as follows: