- Part 2: For the preceding part double click ID:nRSX0088Ra
expensed on a straight-line basis over the vesting period, based
on the Group's estimate of shares that will eventually vest.
The Group operates a number of share option and Save As You Earn schemes and
fair value is measured by use of a recognised valuation model. The expected
life used in the model has been adjusted, based on management's best estimate,
for the effects of non-transferability, exercise restrictions and behavioural
considerations.
At 30 April 2015, the ESOP Trust, which is consolidated within the Group's
financial statements, held 77,256 Wynnstay Group Plc shares. The resulting
impact has been a £380,000 decrease in the other reserves figure as shown in
the condensed consolidated statement of changes in equity.
15. Group financial commitments
As at 30 April 2015, the Group's contingent liabilities in respect of bank
guarantees for one of its joint ventures amounted to £125,000 (2011:
£125,000).
16. Capital commitments
As at 30 April 2015 the Group had capital commitments as follows:
Unaudited as at 30 April 2015 Unaudited as at 30 April 2014 Audited as at 31 October 2014
£'000s £'000s £'000s
Contracts placed for future capital expenditure not provided in the financial statements 262 1,007 598
17. Related parties
Transactions between the Company and its subsidiaries, which are related
parties have been eliminated on consolidation and are not disclosed in this
note. Transactions between the Group and its joint ventures and associate are
described below:
Transaction value Balance outstanding
Unaudited Six months ended 30 April 2015 Unaudited Six months ended 30 April 2014 Audited Year ended 31 October 2014 Unaudited As at 30 April 2015 UnauditedAs at 30 April 2014 Audited As at 31 October 2014
£'000s £'000s £'000s £'000s £'000s £'000s
Sales of goods to Joint ventures and associate 14,928 11,772 24,954 7,563 4,459 2,086
Purchases of goods from Joint ventures and associate 6,052 8,114 15,052 1,676 7,452 394
Interest receivable from Joint ventures and associate - - 67 - - -
Loans with joint ventures - - - 2,802 2,967 2,802
Sales of goods to related parties were made at the Group's usual list prices,
less average discounts. Purchases were made at market price discounted to
reflect the quantity of goods purchased and the relationship between parties.
This information is provided by RNS
The company news service from the London Stock Exchange