Singapore Airlines 2014 Annual Report Download - page 205

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203
ANNUAL REPORT FY2013/14
40 Related Party Transactions (in $ million) (continued)
Deferred Share Award
Aggregate Awards
released to
participant since
commencement
฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ Awards฀฀ ฀ of฀time-based
granted Balance RSP to end of
Balance as at during the as at financial year
Name of participant 1 April 2013 financial year 31 March 2014 under review
Goh Choon Phong - 41,020 41,020 -
Mak Swee Wah - 16,470 16,470 -
Ng Chin Hwee - 16,470 16,470 -
PSP Base Awards R2
Aggregate
Aggregate ordinary shares
Base Base Base Awards released to
Awards Awards granted since participant since
granted vested commencement commencement
during the during the Balance as at of PSP to end of of PSP to end of
Balance as at financial financial 31 March financial year financial year
Name฀of฀participant฀ ฀1฀April฀2013฀฀ year฀ year฀ 2014฀ under฀review฀ ฀under฀review฀*
Goh Choon Phong 140,141 82,500 15,887 206,754 258,000 46,912
Mak Swee Wah 65,588 33,000 15,887 82,701 147,888 66,053
Ng Chin Hwee 65,588 33,000 15,887 82,701 133,182 49,840
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.
# 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.
* During the financial year, 30,746, 158,877 and 7,170 treasury shares were issued to Director and key executives of the Company pursuant to
the RSP, time-based RSP and PSP respectively.
41 Reclassifications
Certain comparative figures have been reclassified to conform with current year’s presentation after adopting Revised FRS
19 Employee Benefits as disclosed in Note 2. As a result of the reclassification, the Group and the Company’s long-term
liabilities increased by $163.7 million and $156.4 million respectively. Correspondingly, current liabilities decreased by the
same amounts.
The effect of this restatement is not significant and consequently a restated balance sheet as at 1 April 2012 has not been presented.
42 Subsequent Events
On 8 April 2014, the Company issued $200 million in aggregate principal amount of 3.145% notes due 2021 and $300
million in aggregate principal amount of 3.750% notes due 2024 under the $2 billion multicurrency medium term note
programme. The notes will mature on 8 April 2021 and 8 April 2024 respectively.
On 8 May 2014, the Company agreed to subscribe to 400 million shares of Scoot Pte. Ltd. at a price of $1 per share, to
support Scoot’s investment in its new fleet of 787 aircraft. The subscription date is expected to be before 30 June 2014.