Singapore Airlines 2007 Annual Report Download - page 104

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NOTES TO THE FINANCIAL STATEMENTS
31 March 2007
Singapore Airlines 102 Annual Report 2006-07
13 Share Capital (in $ million) (continued)
Share option plans (continued)
SATS ESOP
2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––– ––––––––––––––––––––––––––––––––––––––––––––
Weighted average Weighted average
Number of options exercise price Number of options exercise price
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at 1 April 59,863,300 $2.07 62,756,850 $1.87
Granted 14,878,000 $2.10 15,865,800 $2.27
Cancelled (1,335,100) $2.07 (705,700) $2.07
Exercised (15,897,545) $2.04 (18,053,650) $1.57
–––––––––––––––––––––––––– –––––––––––––––––––––––––
Balance at 31 March 57,508,655 $2.09 59,863,300 $2.07
–––––––––––––––––––––––––– –––––––––––––––––––––––––
Exercisable at 31 March 26,710,655 $1.98 27,346,625 $1.96
–––––––––––––––––––––––––– –––––––––––––––––––––––––
The range of exercise prices for options outstanding at the end of the year is $1.24 to $2.27 (2005-06: $1.24 to $2.27).
The weighted average fair value of options granted during the year was $0.45 (2005-06: $0.48). The weighted average
share price for options exercised during the year was $2.38 (2005-06: $2.30). The weighted average remaining
contractual life for these options is 6.93 years (2005-06: 6.84 years).
SIAEC ESOP
2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––– ––––––––––––––––––––––––––––––––––––––––––––
Weighted average Weighted average
Number of options exercise price Number of options exercise price
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at 1 April 60,225,575 $2.02 63,709,775 $1.84
Granted 15,244,800 $3.44 16,313,700 $2.45
Cancelled (648,350) $2.27 (416,850) $2.06
Exercised (25,090,737) $1.65 (19,381,050) $1.79
–––––––––––––––––––––––––– –––––––––––––––––––––––––
Balance at 31 March 49,731,288 $2.40 60,225,575 $2.02
–––––––––––––––––––––––––– –––––––––––––––––––––––––
Exercisable at 31 March 17,836,788 $1.71 28,144,350 $1.85
–––––––––––––––––––––––––– –––––––––––––––––––––––––
The range of exercise prices for options outstanding at the end of the year is $1.01 to $3.44 (2005-06: $1.21 to $2.45).
The weighted average fair value of options granted during the year was $1.22 (2006-05: $0.49). The weighted average
share price for options exercised during the year was $3.91 (2005-06: $2.58). The weighted average remaining
contractual life for these options is 7.49 years (2005-06: 7.18 years).