25 Reasons to celebrate - Flipbook_1

Recommendations

Info

Annexure to the Directors' Report Annexure I Shoppers Stop Ltd. 11 Where the Company has calculated the employee compensation cost using the intrinsic value of the stock option, the difference between employee compensation cost so computed and the employee compensation cost that shall have been recognised if it had used the fair value of the option, shall be disclosed. The impact of this difference on profits and on EPS of the Company shall also be disclosed. 12 Diluted Earnings Per Share (EPS) pursuant to issue of shares on exercise of option calculated in accordance with (AS) 20 Earnings Per Share. 13 Weighted average exercise prices and weighted average fair value of the options shall be disclosed separately for options whose exercise price either equals or is less than the market price of the stock. B Options Movement During the year 1 Options Outstanding at the beginning of the year 2 Option Granted during the year 3 Options vested & exercisable during the year 4 Options exercised during the year Had the Company followed fair value method for accounting the stock option compensation, the compensation expenses would have been higher by ` 108.61 lacs. Consequently profit after tax would have been lower by ` 108.61 lacs and the basic EPS of the Company would have been ` 2.89 per share (lower by ` 0.13 per share) and the diluted EPS would have been ` 2.89 per share (lower by ` 0.13 per share). The diluted EPS of the Company calculated after considering the effect of potential equity shares arising on account of exercise of options is ` 2.89 per share. The Company has not granted options during the current financial year, under these ESOP schemes. ESOP 2008 - 1* ESOP 2008 - 2* ESOP 2008 - 3 ESOP 2008 - 4 ESOP 2008 - 5 ESOP 2008 - 6 ESOP 2008 - 7 Exercise price is ` 404 per option which is more than the market price; the fair value is ` 124.35 per option ESOP 2008 - 8 22,000 29,800 41,408 100,349 152,835 153,920 4,325 – – – – – – – – 3,275 – – – 56,383 45,095 46,029 – – 22,000 28,200 21,858 13,443 9,391 10,494 – – Annual Report 2015-16 | 42
Annexure to the Directors' Report Annexure I Shoppers Stop Ltd. 5 No. of shares arising as a result of exercise of options during the year 6 Options cancelled & lapsed during the year 7 Total number of Options in force 8 Options Outstanding at the end of the year 9 Money realised by exercise of options (in `) C D 22,000 28,200 21,858 13,443 9,391 10,494 – – – 1,600 19,550 2,740 15,740 17,596 4,325 – – – – 84,166 127,704 125,830 – 3,275 – – – 84,166 127,704 125,830 – 3,275 1,210,000 5,386,200 7,344,288 3,992,571 3,230,504 3,798,828 – – Options Granted to Senior Management Personnels Name Options Granted The Company has not granted options during the current financial year under these ESOP schemes. - Options granted to any employee during the year amounting to 5% or more of options granted during the year Name Options Granted Hemant Taware, Chief Operating Officer - Hypercity Retail (India) Ltd., a subsidiary company The Company has not granted options during the current financial year under these ESOP schemes. 3,275 Options granted to any employee equal to or exceeding 1% of the issued capital of the Company at the time of grant No such options have been granted A description The Company has not granted options during the current financial year under these ESOP schemes. of the method and significant assumption used during the year to estimate the fair values of options. Binomial Option Pricing model using Volatility of 32.07%, risk free rate of 7.71%, expected life of 3.05 years, dividend yield of 0.19% and stock price of ` 403.10. Volatility is the measure of the amount by which a price has fluctuated or is expected to fluctuate during a period. The measure of volatility used in the Black-Scholes options pricing model is the annualised standard deviation of the continuously compounded rates of return on the stock over a period of time. For calculating volatility, the daily volatility of the stock prices on the Bombay Stock Exchange, over a period prior to the date of grant, corresponding with the expected life of the options has been considered. The expected life is considered as average of the minimum & maximum life of the options. * The Equity Share of the Company was sub-divided from face value ` 10/- each into two equity shares of ` 5/- each w.e.f. January 13, 2011, consequently the options and its related information has been adjusted. # 6,200 options under ESOP 2008 - 2, 950 options under ESOP 2008 - 4 and 4,095 options under ESOP 2008 - 5 were exercised as on March 31, 2016 and are pending for allotment. Annual Report 2015-16 | 43
Page 1 and 2: REASONS TO CELEB TE ANNUAL REPORT 2
Page 3 and 4: Our journey began in 1991 at a time
Page 5 and 6: 300+ crème de la crème internatio
Page 7 and 8: RENOWNED LOYALTY PROGAMS 04 e Shopp
Page 9 and 10: TOP-NOTCH PRIVATE B NDS 0 6 Shopper
Page 11 and 12: ICONIC MARKETING CAMPAIGNS Shoppers
Page 13 and 14: EXPANSIVE REACH A total of 236 bric
Page 15 and 16: COMMI MAKING A DIFFERENCE 1 2 ED TO
Page 17 and 18: 14 UNWAVERING GROWTH Shoppers Stop
Page 19 and 20: 16 FRONT-RUNNER IN DATA ANALYTICS S
Page 21 and 22: COVETED FILM-INSPIRED MERCHANDISE I
Page 23 and 24: CLOSE-KNIT PARTNERSHIPS 20 Enduring
Page 25 and 26: DRIVING PROGRESS THROUGH SUSTAINABI
Page 27 and 28: STRONG INFORMATION TECHNOLOGY INF S
Page 29 and 30: CONTENT Chairman’s Statement 026
Page 31 and 32: Shoppers Stop Ltd. Board of Directo
Page 33 and 34: Financial Highlights & Key Ratios S
Page 35 and 36: Directors' Report Shoppers Stop Ltd
Page 43: Annexure to the Directors' Report A
Page 47 and 48: Annexure to the Directors' Report A
Page 49 and 50: Annexure to the Directors' Report A
Page 51 and 52: Notes to Consolidated Financial Sta
Page 57 and 58: Notes Shoppers Stop Ltd. Annual Rep

25 Reasons to celebrate - Flipbook_1

Create successful ePaper yourself

Delete template?

Save as template?