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Singapore Airlines Annual Report 2007-08
112
14 Share Capital (in $ million) (continued)
Share option plans (continued)
SATS ESOP
2007-08 2006-07
Weighted average Weighted average
Number of options exercise price Number of options exercise price
Balance at 1 April 57,508,655 $2.09 59,863,300 $2.07
Granted 14,093,000 $3.01 14,878,000 $2.10
Cancelled (1,018,320) $2.11 (1,335,100) $2.07
Exercised (14,710,060) $2.04 (15,897,545) $2.04
Balance at 31 March 55,873,275 $2.28 57,508,655 $2.09
Exercisable at 31 March 26,550,137 $2.03 26,710,655 $1.98
The range of exercise prices for options outstanding at the end of the year is $1.19 to $3.01 (2006-07: $1.24 to $2.27).
The weighted average fair value of options granted during the year was $0.72 (2006-07: $0.45). The weighted average
share price for options exercised during the year was $2.99 (2006-07: $2.38). The weighted average remaining contractual
life for these options is 7.02 years (2006-07: 6.93 years).
SIAEC ESOP
2007-08 2006-07
Weighted average Weighted average
Number of options exercise price Number of options exercise price
Balance at 1 April 49,731,288 $2.40 60,225,575 $1.82
Granted 15,483,000 $4.67 15,244,800 $3.44
Cancelled (785,575) $2.92 (648,350) $2.27
Exercised (12,423,925) $2.01 (25,090,737) $1.65
Balance at 31 March 52,004,788 $3.16 49,731,288 $2.40
Exercisable at 31 March 20,424,138 $1.92 17,836,788 $1.71
The range of exercise prices for options outstanding at the end of the year is $1.01 to $4.67 (2006-07: $1.01 to $3.44).
The weighted average fair value of options granted during the year was $0.93 (2006-07: $1.22). The weighted average
share price for options exercised during the year was $4.47 (2006-07: $3.91). The weighted average remaining contractual
life for these options is 7.41 years (2006-07: 7.49 years).
NOTES TO THE FINANCIAL STATEMENTS
31 March 2008