Singapore Airlines 2016 Annual Report Download - page 152

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Notes to the Financial Statements
31 March 2016
15 Treasury Shares (in $ million)
The Group and the Company
31 March
2016 2015
Balance at 1 April (326.3) (262.2)
Purchase of treasury shares (85.4) (107.0)
Treasury shares reissued pursuant to equity compensation plans:
- For cash on exercise of employee share options 20.1 28.6
- Transferred from share-based compensation reserve 11.3 17.1
- Gain on reissuance of treasury shares (1.2) (2.8)
30.2 42.9
Balance at 31 March (381.5) (326.3)
Treasury shares relate to ordinary shares of the Company that are held by the Company.
During the financial year, the Company purchased 8,438,700 (FY2014/15: 10,635,000) of its ordinary shares by way of on-market purchases at
share prices ranging from $9.75 to $10.70 (FY2014/15: $9.64 to $10.45). The total amount paid to purchase the shares was $85.4 million (FY2014/15:
$107.0 million) and this is presented as a component within equity attributable to owners of the Parent.
The Company reissued 2,365,478 (FY2014/15: 3,459,334) treasury shares pursuant to its employee share option plans at a weighted average
exercise price of $8.52 (FY2014/15: $8.29) each. In addition, 355,413 (FY2014/15: 359,603) shares, nil (FY2014/15: 36,410) shares and 109,893
(FY2014/15: 102,010) shares were reissued pursuant to the RSP, PSP and time-based RSP respectively. The number of treasury shares as at
31 March 2016 was 36,070,359 (2015: 30,462,443).
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
31 March
The Company
31 March
2016 2015 2016 2015
Capital reserve (129.2) 215.9 (5.1) (6.3)
Foreign currency translation reserve (151.3) (135.7) – –
Share-based compensation reserve 123.7 113.2 108.0 96.1
Fair value reserve (498.6) (706.2) (470.9) (581.8)
General reserve 11,935.5 11,446.6 10,901.6 10,541.5
11,280.1 10,933.8 10,533.6 10,049.5
(a) Capital reserve
Capital reserve mainly arises from the loss on the acquisition of non-controlling interests in a subsidiary company (Note 23(g)), 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.
Singapore Airlines150
FINANCIAL