40 CASH AND CASH EQUIVALENTS
The Group
In millions 2010
2009
Cash on hand Note 17 1,369 1,388
Non-restricted balances with central banks Note 17
23,743 17,893
Total 25,112 19,281
41 SHARE-BASED COMPENSATION PLANS
41.1 DBSH Share Ownership Scheme The DBSH Share Ownership Scheme is a fund set up to hold units
of the Company’s ordinary shares. All employees with at least one year of service and who are not participating in the DBSH Share
Option Plan or DBSH Share Plan are eligible.
Under the Scheme, participants and the Group contribute up to 10 and 5 of monthly base salary respectively to buy units of
the Company’s ordinary shares. Amounts contributed by the Group under the Scheme are recognised as employee benefi ts
when paid.
Ordinary shares
Market value
Number In millions
2010 2009 2010 2009
Balance at 1 January
5,355,157 3,522,570 82 30
Balance at 31 December
5,473,697 5,335,157 78 82
41.2 DBSH Share Option Plan Under the DBSH Share Option Plan the Option Plan, options
to subscribe for the Company’s ordinary shares may be granted to Group executives who hold the rank of Vice President or
equivalent and above and selected employees below the rank of Vice President or equivalent.
The exercise price of the granted options is equal to the average of the last dealt prices for the Company’s shares, as
determined by reference to the daily offi cial list published by the Singapore Exchange Securities Trading Ltd, for the three
consecutive trading days immediately preceding the date of the grant.
These share options vest over a period in accordance with a vesting schedule determined by the Compensation and
Management Development Committee Committee, and are exercisable after the fi rst anniversary of the date of the grant
up to the date of expiration of the options. The fair value of options granted is determined using the Binomial model.
The DBSH Share Option Plan expired on 19 June 2009 and the Plan was neither extended nor replaced. The termination of this
Plan will, however, not affect the rights of holders of any outstanding existing Options.
DBS GROUP HOLDINGS LTD ITS SUBSIDIARIES
The following table sets out the movement of the unissued ordinary shares of the Company under outstanding options, the weighted average exercise prices and expiration dates.
2010 2009 Unissued number of
Weighted Unissued number of
Weighted ordinary
shares average
ordinary shares
average under
outstanding exercise
under outstanding
exercise options
price options
price
a
Balance at 1 January 14,920,398 13.26 14,373,192
13.15 Movements during the year:
– Issue of rights
– – 2,537,599 13.15
– Exercised 1,362,039 11.66 1,011,601
11.63 – Forfeited Expired
2,140,540 17.91 978,792 13.00
Balance at 31 December 11,417,819 12.58 14,920,398
13.26 Additional information:
Outstanding options exercisable at 31 December
11,417,819 12.58 14,920,398 13.26
Weighted average remaining contractual life of options outstanding at 31 December
1.77 years 2.5
