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)Date of grantShare Plan 2004GroupFY2007 FY2008 FY2009 FY2010 And2010 25 May 06 29 May 07 4 June 08 3 June 09 CompanySenior Management AwardsNumber of performance shares (’000)Outstanding as at 1 April 2009 1,980 2,058 2,074 - 6,112Granted - - - 2,919 2,919Vested (1,980) - - - (1,980)Cancelled - (84) (47) - (131)Outstanding and unvested as at31 March 2010 - 1,974 2,027 2,919 6,920Fair value at 31 March 2010 S$3.17 S$2.15 S$2.50Assumptions under Monte-Carlo ModelExpected volatility<strong>SingTel</strong> 33.7% 33.7%MSCI Asia Pacific Telco Index 22.8% 22.8%MSCI Asia Pacific Telco Component S<strong>to</strong>cks800 days his<strong>to</strong>rical volatilitypreceding March 2010Risk free interest ratesYield of Singapore Government Securities on 31 March 2010 31 March 2010ANNUAL REPORT 2010/2011 127
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