Directors' Report - Alibaba

More documents

Recommendations

Info

NOTES TO THE FINANCIAL STATEMENTS For the year ended December 31, 2010 27 SHARE-BASED COMPENSATION (Continued) (a) Share-based incentive schemes operated by the Group (Continued) Share options granted under the Share Option Scheme (Continued) The above share options outstanding as of December 31 have the following remaining contractual lives and exercise prices: 2009 2010 Weighted weighted Number of average Number of average underlying remaining underlying remaining shares (ii) contractual life shares (ii) contractual life Exercise price (i) (’000) (years) (’000) (years) HK$5.54 – HK$7.25 31,745 5.2 26,958 4.1 HK$12.74 – HK$14.57 1,990 4.5 2,447 4.4 HK$16.12 – HK$17.62 2,290 6.0 12,633 5.1 HK$19.86 – HK$20.60 6,926 4.6 5,744 3.4 Alibaba.com Limited Annual Report 2010 42,951 5.1 47,782 4.3 (i) Exercise price is expressed in the currency in which the ordinary shares of the Company are denominated. (ii) Number of underlying shares represents the number of ordinary shares that are issuable by the Company upon exercise of the relevant options. The significant inputs into the Black-Scholes Model in determining the fair value of the share options granted by the Company under Share Option Scheme during the years presented are as follows: 126 2009 2010 Risk-free annual interest rate 1.17% to 1.66% 1.14% to 1.73% Dividend yield 0% 0% Expected life (years) 4.25 to 4.38 4.25 to 4.38 Expected volatility (i) 51.75% to 52.72% 53.56% to 54.52% Weighted average fair value of each share option HK$3.77 HK$6.76 (i) Expected volatility is assumed based on the historical volatility of the Company as well as its comparable companies in the period that has the same length of the expected life.
27 SHARE-BASED COMPENSATION (Continued) (a) Share-based incentive schemes operated by the Group (Continued) RSUs granted under the RSU Scheme Movements in the number of RSUs outstanding and the respective weighted average grant date fair value attributable to the employees of the Group as grantees of the RSU Scheme of the Company are as follows: 2009 2010 Weighted weighted average Number of average Number of grant date underlying grant date underlying fair value (i) shares fair value (i) shares HK$ (’000) HK$ (’000) Outstanding as of January 1 16.87 4,064 10.70 19,892 Granted 9.84 19,103 15.13 25,936 Vested 18.39 (1,334) 9.38 (4,190) Cancelled 9.88 (1,941) 13.72 (3,991) Outstanding as of December 31 10.70 19,892 13.58 37,647 (i) Grant date fair value represents the fair value of the ordinary shares of the Company at the time of grant. Restricted shares granted under the Share Award Scheme Movements in the number of shares held for the Share Award Scheme for the year ended December 31, 2010 (2009: nil) are as follows: 127 Shares held for the Share Award Awarded Scheme shares (’000) (’000) Outstanding as of January 1 – – Purchased (Note 24(c)) 2,750 – Granted (i) (1,600) 1,600 Outstanding as of December 31 1,150 1,600 (i) The weighted average fair value of the awarded shares, calculated based on the market prices of the Company’s ordinary shares at the grant date, was HK$14.10. Alibaba.com Limited Annual Report 2010
Page 3 and 4:
02 Financial and Operational Highli
Page 5 and 6:
FINANCIAL HIGHLIGHTS Total register
Page 7 and 8:
SEPTEMBER AUGUST Organized a big bu
Page 9 and 10:
Award / Recognition Awarding Organi
Page 11 and 12:
LEGAL ADVISERS Freshfields Bruckhau
Page 13 and 14:
In closing, a word about the import
Page 15 and 16:
A WINDOW ON THE GLOBAL MARKET MANAG
Page 17 and 18:
were officially launched in the sec
Page 19 and 20:
At the end of September 2010, we an
Page 21 and 22:
Trust and safety With tens of milli
Page 23 and 24:
Financial performance summary Reven
Page 25 and 26:
Revenue from our international mark
Page 27 and 28:
Product development expenses Our pr
Page 29 and 30:
Profit attributable to equity owner
Page 31 and 32:
In 2010, our capital expenditures d
Page 33 and 34:
OUTLOOK Looking ahead to 2011, we f
Page 35 and 36:
PENG Yi Jie, Sabrina TSAI Chung, Jo
Page 37 and 38:
more than 30 years of global manage
Page 39 and 40:
CULTURE DEVELOPMENT Alibaba.com has
Page 41 and 42:
WE TRULY BELIEVE THAT SOCIAL RESPON
Page 43 and 44:
GROWING A GREENER COMMUNITY
Page 45 and 46:
Composition and attendance Director
Page 47 and 48:
Key principle/practice CP/RBP Note
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
We firmly believe that a sound cont
Page 61 and 62:
Upholding Alibaba values is somethi
Page 63 and 64:
RESERVES Details of movements in th
Page 65 and 66:
Note (continued): (2) These securit
Page 68 and 69:
DIRECTORS’ REPORT SHARE-BASED INC
Page 70 and 71:
DIRECTORS’ REPORT (ii) Participan
Page 72 and 73:
DIRECTORS’ REPORT (b) Particulars
Page 74:
DIRECTORS’ REPORT DIRECTORS’ IN
Page 77 and 78: We have also engaged our auditors t
Page 79 and 80: Under the New Cooperation Framework
Page 81 and 82: Unless the parties otherwise agree
Page 83: PURCHASE, SALE OR REDEMPTION OF THE
Page 86 and 87: CONSOLIDATED BALANCE SHEET As of De
Page 88 and 89: BALANCE SHEET As of December 31, 20
Page 90 and 91: CONSOLIDATED STATEMENT OF CHANGES I
Page 92 and 93: CONSOLIDATED CASH FLOw STATEMENT Fo
Page 94 and 95: NOTES TO THE FINANCIAL STATEMENTS F
Page 146: FINANCIAL SUMMARY CONSOLIDATED INCO
show all

Directors' Report - Alibaba

Create successful ePaper yourself

Delete template?

Save as template?