Illustrative Financial Statements 2011 - bdo singapore

ABC SINGAPORE LIMITED AND ITS SUBSIDIARIES
REPORT OF THE DIRECTORS (Continued)
Commentary
SGX 853
SGX 1207: 15
CA 201: 11(b)
CA 201: 11(c)
CA 201: 11(d)
CA 201: 11(e)
CA 201: 12
SGX 852: 1(b)(iii)
Share Options
Where options are granted by the Company or its subsidiaries, the user is required to make
certain disclosures under Section 201(11) of the Companies Act.
For options granted by the Company during the financial year, the following disclosures have to
be made:
(a)
(b)
(c)
(d)
The number and class of shares in respect of which the option has been granted;
The date of expiration of the option;
The basis upon which the option may be exercised; and
Whether the person to whom the option has been granted has any right to participate by
virtue of the option in any share issue of any other company.
Please refer to the following as an illustrative guide:
At the end of the financial year, there were [ ] ordinary shares of ABC Singapore Limited
under option relating to the [name of option scheme] Share Option Scheme. [Please describe
the terms of the options.]
(a) Options granted to directors of the Company under the [name of option scheme] Share
Option Scheme are as follows:
Name
Options
granted
during 2011
Aggregate
options granted
since
commencement
of the Scheme
or date of
appointment, if
later, to
31 December
2011
Aggregate
options
exercised since
commencement
of the Scheme
or date of
appointment, if
later, to
31 December
2011
Aggregate
options lapsed
since
commencement
of the Scheme
or date of
appointment, if
later, to
31 December
2011
Aggregate
options
outstanding
at
31 December
2011
Aaron Chan
Bradley toh
Cathy Ng
SGX 852: 1(b)(ii)
SGX 852:1(b)(iii)
SGX 852: 1(d)
CA 201: 11(c), 11B,
12(b)
(b) The options granted to the controlling shareholder, Aaron Chan, are as described in
paragraph (a) above. There were no options granted to associates of controlling
shareholder during the financial year.
(c) During the financial year, no employee has received [ %] or more of the total number of
options available under the [name of option scheme] Share Option Scheme.
(d) No options were granted at a discount to market price during the financial year.
(e) Under the [name of option scheme] Share Option Scheme, share options granted, exercised
and lapsed during the financial year and outstanding as at December 31, 2010 were as
follows:
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