Singapore Airlines 2014 Annual Report Download - page 144

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142
NOTES TO THE FINANCIAL STATEMENTS
31 March 2014
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:
FY2013/14 FY2012/13
Weighted Weighted
Number of average Number of average
options exercise price options exercise price
Balance at 1 April 33,731,970 $11.92 37,139,973 $11.77
Cancelled (1,263,135) $11.43 (1,695,988) $11.49
Exercised (1,658,991) $7.91 (1,712,015) $9.14
Balance at 31 March 30,809,844 $12.16 33,731,970 $11.92
Exercisable at 31 March 30,809,844 $12.16 33,731,970 $11.92
The range of exercise prices for options outstanding at the end of the year is $7.69 to $15.71 (FY2012/13: $7.33 to $15.71).
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 $10.28 (FY2012/13: $10.68). The weighted
average remaining contractual life for these options is 2.95 years (FY2012/13: 3.79 years).
Terms of share options outstanding as at 31 March 2014:
Number outstanding
Exercisable period Exercise price and exercisable
1.7.2005 - 30.6.2014 $7.69 156,078
1.7.2006 - 30.6.2014 $7.69 734,471
1.7.2007 - 30.6.2014 $7.69 307,281
1.7.2008 - 30.6.2014 $7.69 482,575
1.7.2006 - 30.6.2015 $8.27 452,107
1.7.2007 - 30.6.2015 $8.27 2,045,656
1.7.2008 - 30.6.2015 $8.27 720,076
1.7.2009 - 30.6.2015 $8.27 753,570
3.7.2007 - 2.7.2016 $9.59 588,190
3.7.2008 - 2.7.2016 $9.59 3,537,021
3.7.2009 - 2.7.2016 $9.59 748,725
3.7.2010 - 2.7.2016 $9.59 811,927