Singapore Airlines 2015 Annual Report Download - page 149

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15 Treasury Shares (in $ million) (continued)
During the financial year, the Company purchased 10,635,000 (FY2013/14: 1,560,000) of its ordinary shares by way of on-market
purchases at share prices ranging from $9.64 to $10.45 (FY2013/14: $10.17 to $10.44). The total amount paid to purchase the
shares was $107.0 million (FY2013/14: $16.0 million) and this is presented as a component within equity attributable to owners
of the Parent.
The Company reissued 3,459,334 (FY2013/14: 1,658,991) treasury shares pursuant to its employee share option plans at a weighted
average exercise price of $8.29 (FY2013/14: $7.91) each. In addition, 359,603 (FY2013/14: 248,229) shares, 36,410 (FY2013/14:
16,830) shares and 102,010 (FY2013/14: 206,539) shares were reissued pursuant to the RSP, PSP and time-based RSP respectively.
The number of treasury shares as at 31 March 2015 was 30,462,443 (2014: 23,784,800).
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.
16 Other Reserves (in $ million)
The Group The Company
31 March 31 March
2015 2014 2015 2014
Capital reserve 215.9 123.7 (6.3) (9.1)
Foreign currency translation reserve (135.7) (101.5) – –
Share-based compensation reserve 113.2 134.5 96.1 113.6
Fair value reserve (706.2) (40.4) (581.8) (51.5)
General reserve 11,446.6 11,527.0 10,541.5 10,465.2
10,933.8 11,643.3 10,049.5 10,518.2
(a) Capital reserve
Capital reserve mainly arises from the revaluation of land and buildings owned by RCMS Properties Private Limited, an
associated company, the share of other changes in equity of Virgin Australia Holdings Limited (“Virgin Australia”), an
associated company, and the gains or losses on the reissuance of treasury shares.
(b) Foreign currency translation reserve
The foreign currency translation reserve represents exchange dierences arising from the translation of the financial
statements of foreign operations whose functional currencies are dierent from that of the Group’s presentation currency.
(c) Share-based compensation reserve
Share-based compensation reserve represents the equity-settled share options and awards granted to employees. The
reserve is made up of the cumulative value of services received from employees recorded on grant of equity-settled share
options and awards.
Singapore Airlines | Annual Report FY2014/15 |147