Carphone Warehouse 2002 Annual Report Download - page 49

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The Carphone Warehouse Group PLC Annual Report 2002 47
2. Employee share option schemes
Date Exercise Exercisable Expiry Number of options outstanding
options price per share from date 2002 2001
granted £
31/12/99 – 01/01/01 31/12/09 357,950 389,350
05/06/00 1.50 01/01/02 05/06/10 514,300 561,300
872,250 950,650
The savings-related share option scheme permits the grant to employees of options linked to a bank save-as-you-earn contract for a term of
three or five years with contributions from employees of an amount between £5and £250 per month. Options may be exercised at the end
of the three or five year period at a subscription price not less than 80% of the middle market quotation of an ordinary share immediately
prior to the date of grant. The following options were outstanding at 30 March 2002:
Date Exercise Exercisable Expiry Number of options outstanding
options price per share from date 2002 2001
granted £
30/05/01 1.00 30/05/04 30/11/04 1,540,703 –
30/05/01 1.00 30/05/06 30/11/06 1,080,350 –
2,621,053 –
3. Other share options
At 30 March 2002 there were 4,000,000 (2001 - 4,000,000) options to subscribe for shares in the Company at an exercise price of £1.50
expiring on 24 June 2010.
At 30 March 2002 there were 4,996,690 (2001 - 7,381,918)outstanding options to subscribe for shares in the Group’s subsidiary, MViva
Limited, at exercise prices of between £0.10 and £3.13.
23 Reserves
Profit and Share Capital Total
loss account premium redemption
reserve
£’000 £’000 £’000 £’000
Group
At 31 March 2001 as previously stated 79,660 356,235 30 435,925
Prior period adjustments (see note 10) (3,941) – – (3,941)
At 31 March 2001 as restated 75,719 356,235 30 431,984
Loss for the financial period (28,262) – – (28,262)
Currency translation (302) – – (302)
Issue of share capital (70) 3,070 – 3,000
At 30 March 2002 47,085 359,305 30 406,420
Company
At 31 March 2001 680 356,235 – 356,915
Profit for the financial period 23,500 – – 23,500
Currency translation (169)– – (169)
Issue of share capital – 3,070 – 3,070
At 30 March 2002 24,011 359,305 –383,316
In accordance with the exemption permitted by section 230 of the Companies Act 1985, the profit and loss account of the Company is not
separately presented. The profit attributable to shareholders of the Company for the period is £23.5m (2001 – £0.6m).