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THE GROUP PARENT ENTITY
Note
2008
$’000
2007
$’000
2008
$’000
2007
$’000
NOTE 29 — EMPLOYEE BENEFITS
Employee benefits
Aggregate liability for employee benefits including on-costs:
Current
Employee benefits provision
Non-current
Employee benefits provision
24
24
10,269
2,513
10,278
2,323
1,056
695
996
682
12,782 12,601 1,751 1,678
Management Share Option Plan
There were no options granted during the current or previous financial year.
Unissued ordinary shares of the Company under option are:
GRANT DATE EXPIRY DATE EXERCISE PRICE NUMBER OF OPTIONS
11 December 2003
17 June 2004
16 September 2004
30 September 2008
30 September 2008
30 September 2008
$3.35
$3.14
$3.72
463,500
30,000
250,000
743,500
The weighted average remaining contractual life of options outstanding at the end of the year was 0.25 years (2007: 1.25 years).
Options granted to each eligible employee ranged from 2,500 to 1,225,000 options. A total of 19 employees hold options at reporting date.
During the year, employees exercised options to acquire 577,300 fully paid ordinary shares at a weighted average exercise price of $3.08.
No options have been exercised since the end of the year.
Set out below are summaries of options granted:
Grant Date
Expiry
Date
Exercise
Price
Balance at
the start
of the year
Number
Granted
during
the year
Number
Exercised
during the
year
Number
Expired
during the
year
Number
Balance
at the end
of the year
Number
Exercisable
at the end
of the year
Number
The Group and Parent
Entity — 2008
20 November 2003 30 September 2008 $2.75 250,000 — (250,000) — — —
11 December 2003 30 September 2008 $3.35 770,800 — (307,300) — 463,500 463,500
17 June 2004 30 September 2008 $3.14 50,000 — (20,000) — 30,000 30,000
16 September 2004 30 September 2008 $3.72 250,000 — — — 250,000 250,000
Total 1,320,800 — (577,300) — 743,500 743,500
Weighted average
exercise price $3.30 — $3.08 — $3.47 $3.47
The Group and Parent
Entity — 2007
05 February 2002 30 September 2006 $2.26 355,500 — (355,500) — — —
20 November 2003 30 September 2008 $2.75 450,000 — (200,000) — 250,000 250,000
11 December 2003 30 September 2008 $3.35 1,807,500 — (1,036,700) — 770,800 770,800
17 June 2004 30 September 2008 $3.14 50,000 — — — 50,000 50,000
16 September 2004 30 September 2008 $3.72 250,000 — — — 250,000 250,000
Total 2,913,000 — (1,592,200) — 1,320,800 1,320,800
Weighted average
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