貿易通2020 年中報

51 貿易通電子貿易有限公司  二零二零年中期報告 Notes to the Unaudited Interim Financial Report (Continued) 未經審核中期財務報告附註 （續） For the six months ended 30 June 2020 截至二零二零年六月三十日止六個月 18 以股權結算並以股份為基礎的交易 （續） (b) 購股權的公允價值及假設 作為授出購股權代價而獲得的服務公允價 值，乃參照已授出購股權的公允價值計 算。已授出購股權的估計公允價值乃根據 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。 購股權的公允價值及假設 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 允價值的估計。 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允價值 時，並無考慮該項條件。授出購股權與市 況無關。 18 E q u i t y - s e t t l e d s h a r e - b a s e d t r a n s a c t i o n s (Continued) (b) 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. Fair value of share options and assumptions 2020 2019 二零二零年 二零一九年 Fair value at measurement date 於計量日期的公允價值 HK$0.073 港幣 0.073 元 HK$0.113 港幣 0.113 元 Share price 股價 HK$1.09 港幣 1.09 元 HK$1.39 港幣 1.39 元 Exercise price 行使價 HK$1.09 港幣 1.09 元 HK$1.406 港幣 1.406 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） 22.2% 23.2% Option life (expressed as weighed average life used in the modelling under Black Scholes Model) 購股權有效期（按柏力克舒爾 斯模式所用之加權平均年 期呈列） 5 years 5 年 5 years 5 年 Expected dividends 預期股息 6.7% 6.7% 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） 0.52% 1.628% The expected volatility is made with reference 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.