Singapore Airlines 2003 Annual Report Download - page 88

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86 SIA Annual Report 02/03
Notes to the Financial Statements
31 March 2003
14 Share Capital (in $ million) (continued)
SIAEC ESOP
Exercisable period Exercise price Number outstanding Number exercisable
28.3.2001 – 27.3.2010 $2.05 322,012 322,012
28.3.2002 – 27.3.2010 $2.05 13,738,713 13,738,713
28.3.2003 – 27.3.2010 $2.05 322,012 322,012
28.3.2004 – 27.3.2010 $2.05 322,013 –
3.7.2001 – 2.7.2010 $1.95 569,086 569,086
3.7.2002 – 2.7.2010 $1.95 12,034,788 12,034,788
3.7.2003 – 2.7.2010 $1.95 561,888 –
3.7.2004 – 2.7.2010 $1.95 561,888 –
2.7.2002 – 1.7.2011 $1.41 815,750 815,750
2.7.2003 – 1.7.2011 $1.41 12,976,150 –
2.7.2004 – 1.7.2011 $1.41 772,550 –
2.7.2005 – 1.7.2011 $1.41 772,550 –
1.7.2003 – 30.6.2012 $2.38 984,425 65,500
1.7.2004 – 30.6.2012 $2.38 13,709,325 –
1.7.2005 – 30.6.2012 $2.38 918,925 –
1.7.2006 – 30.6.2012 $2.38 918,925 –
Total number of options issued @ 60,301,000 27,867,861
@ The total number of options outstanding includes:
(a) 3,794,950 share options not exercised by departed employees who have retired or ceased to be employed by
the Company or any of the subsidiary companies by reason of (i) ill health, injury or disability or death; (ii)
redundancy; or (iii) any other reason approved in writing by the Committee. The said options are exercisable
up to the expiration of the applicable exercise period or the period of 5 years from the date of retirement or
cessation of employment, whichever is earlier; and
(b) 119,900 share options not exercised by departed employees who have completed their fixed term contracts
during the financial year. The said options, if unvested yet, shall immediately vest and be exercisable from the
date of cessation of employment to the date falling 1 year from the date of cessation of employment.
15 Deferred Account (in $ million)
The Group The Company
31 March 31 March
2003 2002 2003 2002
Deferred gain on sale and leaseback transactions
– operating leases 463.7 562.2 462.7 562.2
– finance leases 59.4 29.7 – –
523.1 591.9 462.7 562.2