Singapore Airlines 2011 Annual Report Download - page 142
Download and view the complete annual report
Please find page 142 of the 2011 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.-
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
 |
 |
SINGAPORE AIRLINES
140
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
14 Share Capital (in $ million) (continued)
The Company can also issue non-tradeable redeemable cumulative preference shares, which carry full
voting rights (“ASA shares”). When issued, the ASA shares will be paid at $0.01 each and will carry equal
voting rights as those of ordinary shares. These shares will be issued only when the directors determine
that the Company’s operating rights under any of the ASAs are threatened by reason of the nationality of
the majority shareholders.
During the financial year, the Company issued 5,552,283 shares (2009-10: 5,060,721) upon exercise of
options granted under the Employee Share Option Plan. 767,786 shares (2009-10: Nil) were issued for
RSP and PSP.
15 Treasury Shares (in $ million)
The Group and the Company
31-Mar
2011 2010
Balance at 1 April (0.9) (44.4)
Purchase of treasury shares (44.5) -
Treasury shares reissued pursuant to equity compensation plans:
- For cash on exercise of employee share options 2.2 36.0
- Transferred from share-based compensation reserve 0.2 13.7
- Gain on reissuance of treasury shares - (6.2)
2.4 43.5
Balance at 31 March (43.0) (0.9)
Treasury shares relate to ordinary shares of the Company that are held by the Company.
During the financial year, the Company purchased 3,149,000 of its ordinary shares by way of on-market
purchases at share prices ranging from $13.13 to $15.27. The total amount paid to purchase the shares
was $44.5 million and this is presented as a component within equity attributable to owners of the parent.
In the previous financial year, no shares were purchased for the purposes of fulfilling the Company’s
obligations under the equity compensation plans.
The Company reissued 114,236 (2010: 3,368,356) treasury shares pursuant to its employee share option
plans at a weighted average exercise price of $10.19 (2010: $10.67) each. In addition, 51,500 (2010: Nil)
shares were reissued pursuant to the time-based RSP. During the previous financial year, 104,966 shares
and 357,392 shares were reissued pursuant to the PSP and RSP respectively. The number of treasury
shares as at 31 March 2011 was 3,059,748 (2010: 76,484).
Where the consideration paid by the Company for the purchase or acquisition of treasury shares is made
out of revenue reserves, such consideration will correspondingly reduce the amount available for the
distribution of cash dividends by the Company.