116 / 135
Tradelink Electronic Commerce Limited
貿易通電子貿易有限公司
114
Notes to the Financial Statements
財務報表附註
24 Equi t y - set t l ed share-based t ransact i ons
(continued)
(c) Fair value of share options and assumptions
The fair value of services received in return for share options
granted is measured by reference to the fair value of share options
granted. The estimate of the fair value of the share options granted is
measured based on Black Scholes Model. The contractual life of the
share option is used as an input into this model.
2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
港幣千元
港幣千元
Fair value of share options and assumption
購股權的公平值及假設值
HK$0.191
港幣
0.191
元
HK$0.277
港幣
0.277
元
Share price
股價
HK$1.73
港幣
1.73
元
HK$1.9
港幣
1.9
元
Exercise price
行使價
HK$1.78
港幣
1.78
元
HK$1.9
港幣
1.9
元
Expected volatility (expressed as weighed
average volatility used in the modelling
under Black Scholes Model)
預期波幅（按柏力克舒爾斯模式所用之
加權平均波幅呈列）
30.0%
29.8%
Option life
購股權有效期
5 years
5
年
5 years
5
年
Expected dividends
預期股息
7%
5.4%
Risk-free interest rate (based on the yield of
Hong Kong Government Bonds)
無風險利率（按香港政府債券
收益率計算）
1.166%
1.368%
The expected volatility is made with referenced to the daily historical
volatilities of the Company with period commensurate to the
expected option life. Expected dividends are based on historical
dividends. Changes in the subjective input assumptions could
materially affect the fair value estimate.
Share options were granted under a service condition. This
condition has not been taken into account in the grant date fair
value measurement of the services received. There were no market
conditions associated with the share option grants.
24
以股權結算的股份交易（續）
(c)
購股權的公平值及假設
作為授出購股權代價而獲得的服務公平值，乃參
照已授出購股權的公平值計算。已授出購股權的
估計公平值乃根據柏力克舒爾斯模式計算。此模
式亦會計及購股權的合約年期。
預期波幅乃參考本公司過往與預期購股權有效期
長度相同之期間的每日歷史波幅作出。預期股息
乃按過往股息而定。用作計算的主觀假設如有更
改，可能重大影響公平值的估計。
購股權是基於已提供服務的條件授出。計算所獲
提供服務於授出日期之公平值時，並無考慮該項
條件。授出購股權與市況無關。