Page 75 - OneVue Annual Report 2015

Notes to the financial statements

Note 20. Equity - issued capital (continued)

Employee share scheme

Information relating to the employee share scheme, including details of shares issued under the scheme is set out
in note 39.

Options
Information relating to the OneVue Employee Option Plan is set out in note 39.

Repayment of loans by shareholders secured by shares
In May 2014 options held by management were exercised and per the terms of the exercising of the options
OneVue provided an interest free limited recourse loan for former employees for 1 year and current employees for
3 years which is repayable upon selling the shares. The loan is based on the exercise price of the initial options at
25 cents per unit. During the current financial year OneVue received $0.29 million relating to the repayment of
these limited recourse loans.

Note 21. Equity - reserves

Share based payments reserve Consolidated 2014
2015 $'000
Reserves relating to convertible note on acquisition of $'000
business 421 420

165 165
586 585

Share based payments reserve
The share based payments reserve records the fair value of options issued.

Reserves relating to convertible note on acquisition of business
The loan note reserve records the fair value of the loan notes issued.

Movements in reserves
Movements in each class of reserve during the current and previous financial year are set out below:

Consolidated Share based Gain on Reserve Total
Balance at 1 July 2013 Payment acquisition relating to
Loan notes issued reserve Convertible $'000
Options issued $'000 492
Transfer of reserves $'000 492 note on 165
Balance at 30 June 2014 - - acquisition 420
Share based payment expense - -
Repayment of limited recourse loans $'000 (492)
Balance at 30 June 2015 420 (492) - 585
- - 17
- 165 (16)
420 - - 586
17 - -

(16) 165
421 -
-

165

ONEVUE ANNUAL REPORT - 75