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NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the year ended 31 December 2012
38. Capital management (cont’d)
The Group monitors its capital structure as follows:
2012 2011
US$’000 US$’000
Interest-bearing loans and borrowings (Note 29) 12,890 13,386
Finance lease creditors (Note 34) 47 17
Trade payables and accruals (Note 27) 27,593 25,672
Other payables (Note 28) 8,398 719
Less: Cash and cash equivalents (Note 26) (46,596) (35,148)
Net debt 2,332 4,646
Equity attributable to the equity holders of the Company 161,414 144,601
Capital and net debt 163,746 149,247
39. Event occurring after balance sheet date
On 8 March 2013, the Company granted 4,880,000 options to subscribe for ordinary shares exercisable between 8 March 2014
to 7 March 2023 at market price of S$0.669 per share to selected group of Directors and employees eligible under the 2012
Option Scheme.
Details of the 8 March 2013 options granted are as follows:-
Exercisable period
Number of options granted
which is exercisable
Executive Directors and other employees
Tranche 1 8 March 2014 - 7 March 2023 1,832,000
Tranche 2 8 March 2015 - 7 March 2023 1,374,000
Tranche 3 8 March 2016 - 7 March 2023 1,374,000
4,580,000
Non-executive Directors
Tranche 1 8 March 2014 - 7 March 2018 120,000
Tranche 2 8 March 2015 - 7 March 2018 90,000
Tranche 3 8 March 2016 - 7 March 2018 90,000
300,000
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