Singapore Airlines 2015 Annual Report Download - page 206
Download and view the complete annual report
Please find page 206 of the 2015 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 -
209 -
210 -
211 -
212 -
213 -
214 -
215 -
216 -
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
 |
 |
Notes to the Financial Statements
31 March 2015
40 Related Party Transactions (in $ million) (continued)
PSP Base Awards R2
Name of Participant
Balance as
at 1 April
2014
Base
Awards
granted
during the
financial
year
Base
Awards
vested
during the
financial
year Modification^
Balance as
at 31 March
2015
Aggregate
Base Awards
granted since
commencement
of PSP to end of
financial year
under review
Aggregate
ordinary shares
released to
participant since
commencement
of PSP to end of
financial year
under review *
Goh Choon Phong 206,754 82,500 58,254 5,728 236,728 346,228 61,482
Mak Swee Wah 82,701 33,000 23,301 2,290 94,690 183,178 71,883
Ng Chin Hwee 82,701 33,000 23,301 2,290 94,690 168,472 55,670
R1
The actual number of 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 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.
^ Following approval by the Company’s shareholders of a special dividend of $0.25 per share on 30 July 2014, the Board Compensation & Industrial
Relations Committee approved an increase in all restricted and performance shares outstanding on 14 August 2014.
* During the financial year, 50,090, 79,437 and 26,230 treasury shares were issued to Director and key executives of the Company pursuant to the RSP,
time-based RSP and PSP respectively.
41 Subsequent Event
On 17 April 2015, the Company subscribed to 45% of the equity interest in Airbus Asia Training Centre Pte Ltd (“AATC”), which
has been jointly established with Airbus SAS. The Company was issued 14,850,045 shares in AATC for a consideration of
USD15 million ($20 million). AATC, which is considered an associated company of the Group, will provide flight training services
on full-flight simulators for all in-production Airbus aircra types.
204 FINANCIAL