Notes to the Financial Statements - SingTel
Notes to the Financial Statements - SingTel
Notes to the Financial Statements - SingTel
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<strong>Notes</strong> <strong>to</strong> <strong>the</strong> <strong>Financial</strong> <strong>Statements</strong>For <strong>the</strong> financial year ended 31 March 20115.3.2 Performance share plans (Cont’d)Senior Management Awards - cash-settled arrangementsThe movements of <strong>the</strong> number of performance shares under <strong>the</strong> Senior Management Awards, <strong>the</strong> fair value of <strong>the</strong> grants at <strong>the</strong>end of <strong>the</strong> reporting period and <strong>the</strong> assumptions of <strong>the</strong> fair value model for <strong>the</strong> relevant grants were as follows -Date of grantShare Plan 2004GroupFY2008 FY2009 FY2010 FY2011 And2011 29 May 07 4 June 08 3 June 09 3 June 10 CompanySenior Management AwardsNumber of performance shares (’000)Outstanding as at 1 April 2010 1,974 2,027 2,919 - 6,920Granted - - - 3,168 3,168Vested (1,974) - - - (1,974)Cancelled - (37) - - (37)Outstanding and unvested as at31 March 2011 - 1,990 2,919 3,168 8,077Fair value at 31 March 2011 S$2.96 S$2.49 S$2.05Assumptions under Monte-Carlo ModelExpected volatility<strong>SingTel</strong> 30.5% 30.5%MSCI Asia Pacific Telco Index 19.9% 19.9%MSCI Asia Pacific Telco Component S<strong>to</strong>cks800 days his<strong>to</strong>rical volatilitypreceding March 2011Risk free interest ratesYield of Singapore Government Securities on 31 March 2011 31 March 2011126 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES
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