Singapore Airlines 2013 Annual Report Download - page 136

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134
SINGAPORE AIRLINES
NOTES TO THE FINANCIAL STATEMENTS
5 Staff Costs (in $ million) (continued)
Share-based compensation expense (continued)
Share option plans (continued)
Movement of share options during the financial year
The following table illustrates the number and weighted average exercise prices of, and movements in, the ESOP during
the financial year:
2012-13 2011-12
Weighted Weighted
Number of average Number of average
options exercise price options exercise price
Balance at 1 April 37,139,973 $11.77 43,213,533 $12.25
Cancelled (1,695,988) $11.49 (859,445) $11.19
Exercised (1,712,015) $9.14 (5,214,115) $9.95
Balance at 31 March 33,731,970 $11.92 37,139,973 $11.77
Exercisable at 31 March 33,731,970 $11.92 35,865,297 $11.76
The range of exercise prices for options outstanding at the end of the year is $7.33 to $15.71 (2011-12: $7.33 to $15.71).
Following the expiry of the share option plans in March 2009, the Company ceased to grant options under ESOP.
The weighted average share price for options exercised during the year was $10.68 (2011-12: $11.90). The weighted
average remaining contractual life for these options is 3.79 years (2011-12: 4.54 years).
Terms of share options outstanding as at 31 March 2013:
Number Number
Exercisable period Exercise price outstanding exercisable
1.7.2004 - 30.6.2013 $7.33 122,369 122,369
1.7.2005 - 30.6.2013 $7.33 481,767 481,767
1.7.2006 - 30.6.2013 $7.33 147,561 147,561
1.7.2007 - 30.6.2013 $7.33 268,754 268,754
1.7.2005 - 30.6.2014 $7.69 276,080 276,080
1.7.2006 - 30.6.2014 $7.69 926,856 926,856
1.7.2007 - 30.6.2014 $7.69 441,591 441,591
1.7.2008 - 30.6.2014 $7.69 592,122 592,122
1.7.2006 - 30.6.2015 $8.27 475,621 475,621
1.7.2007 - 30.6.2015 $8.27 2,200,908 2,200,908
1.7.2008 - 30.6.2015 $8.27 776,556 776,556
1.7.2009 - 30.6.2015 $8.27 809,848 809,848
31 March 2013