Weighted average stock options - Employee Share Incentive Schemes » Massmart
Shares and options previously issued to employees who then subsequently left the Group are excluded from the figures above. Options may be exercised at any time, but shares arising out of options may only be sold when they have vested with the participant.
Vesting occurs over a five-year period as follows: Aveerage terms of the scheme rules, all share loans on offers must be repaid or options exercised no later than 10 years from the offer date.
The following options granted to employees and directors in terms of the Massmart Employee Share Incentive Scheme the Old Scheme have not yet been exercised: Offer date Expiry average stock options weighted Exercise price R No of options at December No of options forfeited and sydney forex opening time No of options exercised New options granted No of options closing balance 1 April 31 March The awards were granted by Massmart in its own shares resulting in the awards being treated weighted average stock options equity-settled share-based payments.
The Employee Share Award Scheme is split into two incentive structures, mainly, retention and performance awards. Retention shares require weighted average stock options employee to remain employed at the date of vesting in order to receive the shares earned by them.
The share-based payment valuation was performed using average options weighted stock valuation system acquired by the Group with the necessary model inputs having been determined stoc management. Vesting occurs over a five-year period for retention awards and over a three-year period for performance awards as follows: December December Number of share options Weighted average exercise price Number of share options Weighted average exercise price Rand Rand Outstanding at the beginning of the year 10, Weighted average stock options options outstanding at the end of the year had a weighted average super woodies cci trading system contractual life of 7.
Options were granted on 1 March average stock options weighted 1 May The estimated fair values of the options granted on these weighted average stock options were R In Decemberthe weighted average share price at the date of exercise for share options exercised during the year was R Options were granted on 1 September and 15 October December December Retention awards Number of share awards Vesting Period Number of share awards Vesting Period 16 Septemberto - stoxk Performance awards 16 September- - Indian stock trading strategies awards issued at the end of the year 1, At the reporting date the estimated fair values of the retention awards granted was R No Employee Share Award Scheme share-based payments were issued in the prior year.
The inputs into the model were as follows: Weighted average share kptions Rand stodk grant dates The risk-free rate used was the implied yield on a South African zero-coupon government bond issued over the weighted average stock options expected life of the option.
The inputs into the model at Reporting Date were as follows: Retention awards Weighted average share price Rand The risk-free rate used was averzge swap rate over the vesting period of the share award. Massmart Thuthukani Empowerment Trust On 1 Octoberthe final conversion for the beneficiaries took place. In Decemberthe weighted average share price weighted average stock options the date of exercise for share options was R Additional information can be avsrage in note December December s s Total shares and options available to participants of the scheme in the Trust - 18, Opening syock of share units - weighted average stock options, Shares averwge - 1, Closing balance of share units - - Average options weighted stock following options granted to eligible employees in terms of the Massmart Thuthukani Empowerment Trust had not yet been exercised in the prior financial year: Offer date Expiry date Exercise price R No of options opening balance No of options forfeited and expired No of options exercised No of options closing balance December - - - - trading range-bound markets in forex - - - - - - December 1 October 30 September The Executive Committee of binary options 70 of the divisions and the Massmart Remuneration Committee submit their nominations to the Black Scarce Skills Trust trustees for approval, upon which allocations are made bi-annually in April and October of each year.
A beneficiary can only receive one allocation. The options outstanding at the end of the year had a weighted average remaining contractual life of 3.
Options were granted on weghted April and 1 Stoc Options were granted on 1 October The estimated fair values of the options granted on this date was R The following options granted to eligible employees in terms of the Massmart Black Scarce Skills Trust have not yet been exercised: Offer date Expiry date Exercise price R No of options opening balance No of options forfeited and expired No of options exercised New options granted No of options closing balance December 1 October 30 September For assets options weighted average stock on or after the valuation date the base cost of the asset generally comprises the costs incurred in acquiring the asset and improving it.
Restricted non-qualified stock options 20 of the Weighted average stock options Schedule sets out what costs qualify to be part of base cost. Base cost includes those costs actually incurred in acquiring, enhancing or disposing of an asset that are not vaerage as a deduction from income.
Thus, the base cost of trading stock would generally be nil because its cost would have been deducted from income. And what about current costs such as interest, repairs, insurance and rates and taxes? They are normally allowed as deductions from weighted average stock options or are incurred for personal use and are not allowed as part of base cost.
For an asset acquired before the valuation date and disposed of thereafter, CGT will only be payable on the capital gain attributable to the period after the valuation date. In other words, any gain attributable to the pre-valuation date wweighted is not subject to CGT. A fourth method, weighted average stock options, weighted average base cost, is available for certain identical assets such as listed shares and unit trusts.
No, income reinvested in the unit trusts will be used to purchase additional units, which will have their own base cost. As an example, assume that you hold units with a total base cost of R50 and interest of R5 is reinvested weighted average stock options purchase an additional units.
The total base cost will increase to R55 and, if the 10 units are sold best free forex trading software R75the capital gain will be R20not R25 Two features of weighted average stock options legislation reduce the record-keeping required of a monthly investor optkons a unit trust.
The weighted average cost method is one of three asset identification methods for determining the base cost of identical assets such as unit trusts. The other methods permitted are specific identification and first in, first out FIFO.
In essence, the method involves stoxk running totals of the number of units bought and sold in a particular fund. It is best explained by way of an example.
If an additional units were bought for R If you have acquired weivhted before and after valuation wwighted, the opening entry on 1 October in any such calculation would be weighted average stock options number of shares owned on that date and the market value of the shares on that date. Thereafter purchases and sales could be recorded in the normal way.
In order to simplify matters still further, management companies have been given the responsibility of submitting returns of the sale of units by investors.
These returns are similar to the annual returns of interest weigted that are already prepared by the management companies and disclose the—. Unit holders who do not wish to use the weighted average weighted average stock options method to determine capital gains on the disposal of their units are not bound by this return.
However, they will have to keep the records necessary to support the alternative they select. Unit holders who adopt the weighted average method are obliged to adopt the method for all their units in the weighted average stock options unit trusts aveerage which they have an interest.
For example if weighted average stock options unit holder holds units in three different unit trusts and adopts weighted average for one of them, he or averag will also have to use the method for the other two. If you adopted the first-in-first-out or specific identification method for identifying which shares you have disposed of, your valuation date value will be restated to R70 under paragraph 27 3 a of the Eighth Schedule. There binary options bvz, therefore, be no capital gain or loss on this transaction.
A similar principle applies under paragraph stodk 3 when an asset is sold for less than its valuation date market value but more than its historical acquisition cost.
If you adopted the weighted average identification weighted average stock options, the market value gain of R10 R70 - R60 must be brought to account.
The reason is that this method uses the market value of your shares on 1 October as its starting point. The gain and loss limitation rules do not apply if you adopt this method. Weighted average stock options — this is specifically prohibited by paragraph 20 2 a of the Eighth Schedule.
In the case of listed shares and unit trusts, however, paragraph 20 1 g allows one-third of the interest incurred to be added to base cost. An individual acquired an office block 16 years before 1 October for R A set of storerooms were added at a cost of R60 two years before 1 Forex alpari us A new wing was added at a cost of Ra year after 1 October The office block was sold for R2two years after 1 October The same facts but the cost of adding the storeroom and new wing was all incurred one year before 1 October Why is stock options average weighted that if you incurred it weighted average stock options a period your gain is higher than if you incurred it once?
It is not the fact that you incurred the costs over a period rather than all at once that necessarily affects the result.
Description:Jun 17, - Weighted average number of shares for DEPS⁸ million . at frsvuitonsacsdemagasinn.info Moody's has delinked Sasol from the South African sovereign rating by one notch. . Share capital issued on implementation of share options. –. –.