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88 89
2013 SAMSUNG ELECTRONICS ANNUAL REPORT
24. Share-Based Compensation
The Company has a stock option plan that provides for the granting of stock purchase options to employees or directors who have contributed or are expected to
contribute to the management and technological innovation of the Company. No share-based compensation has been granted since December 20, 2005.
All options currently issued are fully vested.
A summary of the terms and the number of outstanding stock options as of December 31, 2013 is as follows:
· Type of stock to be issued through stock options: registered common stock
· Granting method: Issuance of new common stock (use of treasury stock possible as well)
· Exercise conditions: 2 or more years of employee services from the date of the grant
· The number of shares and per-share exercise price of stock to be issued through stock options
(after the exclusion of stock options expired due to termination, etc.)
Date of the Grant
February 28,
2002
March 25,
2002
March 7,
2003
April 16,
2004
December 20,
2005
Granted 988,000 121,000 368,100 590,000 10,000
Expired 53,859 12,942 37,744 53,061 -
Exercised prior to December 31, 2012 934,141 108,058 314,509 438,034 5,000
Outstanding as of January 1, 2013 - - 15,847 98,905 5,000
Exercised during 2013 - - 15,847 51,375 -
Outstanding as of December 31, 2013 - - - 47,530 5,000
Exercise price ￦329,200 ￦342,800 ￦288,800 ￦580,300 ￦606,700
Weighted average share price at the date of
exercise during 2013 --
￦1,517,741 ￦1,448,886 -
Exercise period from the date of the grant 2-10 years 2-10 years 2-10 years 2-10 years 2-10 years
Note 1: The number of shares and exercise prices are subject to adjustments resulting from capital increase with or without consideration, stock dividends, stock
splits, stock consolidations, etc.
Note 2: As of reporting date, exercise periods of stock options granted on March 16, 2000, March 9, 2001, February 28, 2002, March 25, 2002, March 7, 2003,
and October 15, 2004 have all expired, and all such options have been exercised.
25. Expenses by Nature
Expenses by nature for the years ended December 31, 2013 and 2012, are as follows:
(In millions of Korean won)
2013 2012
Raw materials and goods ￦95,070,004 ￦85,193,865
Wages and salaries 17,250,962 13,629,400
Pension 971,997 768,423
Depreciation 15,470,012 14,835,046
Amortization 975,401 786,970
Welfare 3,142,187 2,481,756
Commission and service charges 9,124,803 6,961,701
Other expenses 49,902,288 47,397,114
Total (*) ￦191,907,654 ￦172,054,275
(*) Expenses above equal to the sum of cost of sales, and selling and administrative expenses on the statements of income.