Singapore Airlines 2010 Annual Report Download - page 196

Download and view the complete annual report

Please find page 196 of the 2010 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 214

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214

SINGAPORE AIRLINES
194
notes to the financial statements
31 march 2010
40 Related Party Transactions (in $ million) (continued)
RSP Final Awards (Pending Release) R1
Aggregate
ordinary shares
released to
participant since
Final Awards Final Awards Adjustment Balance commencement
Balance granted released arising from as at of RSP to end of
Name of as at during the during the dividend 31 March financial year
participant 1 April 2009 financial year# financial year in specie* 2010 under review
Chew Choon Seng 18,472 50,840 34,620 4,162 38,854 53,120
Bey Soo Khiang 6,124 18,640 12,420 1,480 13,824 18,620
Huang Cheng Eng 4,642 15,250 9,925 1,196 11,163 14,525
Mak Swee Wah 3,062 11,870 7,435 899 8,396 10,535
Ng Chin Hwee - - - - - -
Goh Choon Phong 4,642 11,870 8,235 993 9,270 12,835
PSP Base Awards R2
Aggregate
Aggregate ordinary shares
Base Awards released to
granted since participant since
Base Awards Base Awards Adjustment Balance commencement commencement
Balance granted vested arising from as at of PSP to end of of PSP to end of
Name of as at during the during the dividend 31 March financial year financial year
participant 1 April 2009 financial year financial year in specie* 2010 under review under review
Chew Choon Seng 134,625 48,000 27,729 18,587 173,483 201,212 20,796
Bey Soo Khiang 54,350 22,000 13,864 7,498 69,984 83,848 10,398
Huang Cheng Eng 37,594 15,000 10,270 5,078 47,402 57,672 7,702
Mak Swee Wah 28,967 15,000 7,805 4,339 40,501 48,306 5,853
Ng Chin Hwee 15,000 15,000 - 3,600 33,600 33,600 -
Goh Choon Phong 23,978 8,000 8,216 2,851 26,613 34,829 6,162
R1 The actual number of RSP Final Awards of fully paid ordinary shares will range from 0% to 150% of the Base Awards and is contingent
on the Achievements against Targets over the two-year performance periods relating to the relevant awards.
R2 The actual number of PSP Final Awards of fully paid ordinary shares will range from 0% to 200% of the Base Awards and is contingent
on the Achievements against Targets over the three-year performance periods relating to the relevant awards.
* Arising from the dividend in specie of shares in SATS on 1 September 2009.
# Final Awards granted during the financial year is determined by applying the achievement factor to the Base Awards that have vested
during the financial year.
41 Subsequent Events
The Company signed an agreement on 29 April 2010 to lease out six B777-200ER aircraft to an airline for a lease
period of 2 to 2.5 years each.
In addition, an agreement was signed on 3 May 2010 for the sale of four B777-200 aircraft to another airline.
The four aircraft are to be delivered in 2010 after their scheduled releases from the operating fleet.