Singapore Airlines 2012 Annual Report Download - page 134

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132 SINGAPORE AIRLINES
5 Staff Costs (in $ million) (continued)
Share-based compensation expense (continued)
Share option plans (continued)
Movement of share options during the financial year
The following table illustrates the number and weighted average exercise prices of, and movements in, the ESOP during
the financial year:
฀ ฀ 2011-12฀ 2010-11
Weighted Weighted
Number of average Number of average
options exercise price options exercise price
Balance at 1 April 43,213,533 $12.25 52,411,320 $9.22
Cancelled (859,445) $11.19 (3,531,268) $14.22
Exercised (5,214,115) $9.95 (5,666,519) $11.15
Balance at 31 March 37,139,973 $11.77 43,213,533 $12.25
Exercisable at 31 March 35,865,297 $11.76 39,413,208 $11.00
The range of exercise prices for options outstanding at the end of the year is $7.33 to $15.71 (2010-11: $8.13 to $16.51).
Following the expiry of the share option plans in March 2009, the Company ceased to grant options under ESOP.
The weighted average share price for options exercised during the year was $11.90 (2010-11: $15.11). The weighted
average remaining contractual life for these options is 4.54 years (2010-11: 5.24 years).
Terms of share options outstanding as at 31 March 2012:
Number Number
Exercisable period Exercise price outstanding exercisable
1.7.2003 - 30.6.2012 $9.81 200,092 200,092
1.7.2004 - 30.6.2012 $9.81 1,026,750 1,026,750
1.7.2005 - 30.6.2012 $9.81 273,275 273,275
1.7.2006 - 30.6.2012 $9.81 256,315 256,315
1.7.2004 - 30.6.2013 $7.33 152,839 152,839
1.7.2005 - 30.6.2013 $7.33 565,819 565,819
1.7.2006 - 30.6.2013 $7.33 179,330 179,330
1.7.2007 - 30.6.2013 $7.33 333,460 333,460
1.7.2005 - 30.6.2014 $7.69 291,752 291,752
1.7.2006 - 30.6.2014 $7.69 988,369 988,369
1.7.2007 - 30.6.2014 $7.69 471,394 471,394
1.7.2008 - 30.6.2014 $7.69 634,758 634,758
Notes to the Financial Statements
31 March 2012