NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2011
Year-end positive fair values Analysed by geography
a
2011 2010
Singapore 2,496
3,200 Hong Kong
1,788 2,302
Rest of Greater China 720
778 South and Southeast Asia
1,082 649
Rest of the World 15,078
9,838 Total
21,164 16,767
a Based on the country in which the counterparty is incorporated
The contractual or underlying principal amounts of derivative financial instruments of bank and non-bank counterparties
amounted to 1,277 billion 2010: 1,142 billion and 335 billion 2010: 206 billion respectively. These positions are
mainly booked in Singapore. For purpose of managing its credit exposures, the Group maintains collateral agreements and
enters into master netting agreements with most of these counterparties. For those arrangements that comply with the
regulatory requirements as set out in MAS Notice 637, the Group recognises the netting arrangements in the computation
of its Capital Adequacy Ratios.
40 CASH AND CASH EQUIVALENTS
The Group In millions
2011 2010
Cash on hand Note 17
1,629 1,369
Non-restricted balances with central banks Note 17
17,262 23,743
Total
18,891 25,112
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 based in
Singapore 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 benefits
when paid.
Ordinary shares Market value
Number In millions
2011 2010
2011 2010
Balance at 1 January
5,473,697 5,355,157 78
82 Balance at 31
December 5,933,584 5,473,697
68 78
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 official 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 first 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.
122
41.3 DBSH Share Plan
