Aer Lingus 2012 Annual Report Download - page 114

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FINANCIAL STATEMENTS Aer Lingus Group Plc
ANNUAL REPORT 2012
112
Share premium
The share premium of €510.6 million relates to the share premium arising on share issues.
Capital conversion reserve fund
The capital conversion reserve fund is attributable to the re-denomination of the nominal value of the Group’s shares from punt to euro in 2000.
Capital redemption reserve fund
The capital redemption reserve fund is attributable to shares which were purchased and cancelled by the Group prior to its initial public offering
for nil consideration pursuant to Sections 41(2) and 43 of the Companies (Amendment) Act, 1983.
Cash flow hedging reserve
The cash flow hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments (net
of tax) principally relating to fuel and forward currency contracts.
Available-for-sale reserve
The available for sale reserve is attributable to the unamortised portion of fair value gains realised on the reclassification of available for sale bonds
to loans and receivables in 2008. The reserve is amortised over remaining bond maturity periods.
Treasury shares
The treasury shares reserve comprises the weighted average cost of Aer Lingus Group plc ordinary shares held in order to fulfil award conditions
under the LTIP share based performance award scheme.
Share based payment reserve
The reserve comprises amounts expensed in the Group Income Statement in connection with awards made under the LTIP share based
performance award scheme, less any exercises or lapses of such awards.
Outstanding options and awards
Options Awards LTIP Schemes
2012 2011 2012 2011 2012 2011
Awards outstanding at 1 January 1,500,000 1,500,000 -500,000 9,522,994 4,409,994
Forfeitures during year - - - - (1,438,365) -
Exercised during year - - - (500,000) - -
Grants during year - - - - 4,590,000 5,113,000
Awards outstanding at 31 December 1,500,000 1,500,000 - - 12,674,629 9,522,994
Exercisable at year end 500,000 NIL NIL NIL NIL NIL
Range of exercise price (€) 0.573 – 0.886 0.573 - 0.886 N/A N/A N/A N/A
Remaining weighted average contractual life 6.7 years 7.7 years - - 2.0 years 2.5 years
Notes to the consolidated financial statements (continued)