New World Development Company Limited
146
Financial Section
14 Staff Costs
(a) Staff costs
2016
2015
HK$m
HK$m
Wages, salaries and other benefits
5,678.7
5,896.3
Pension costs — defined benefit plans
7.8
7.1
Pension costs — defined contribution plans
265.8
294.5
Share options (note (b))
124.8
168.9
6,077.1
6,366.8
Staff costs include directors’ remuneration.
(b) Share options
During the year, the Company and its subsidiaries, NWCL and NWS Holdings Limited (“NWSH”) operate share option
schemes whereby options may be granted to eligible employees and directors, to subscribe for shares of the
Company, NWCL and NWSH respectively.
Details of share options are as follows:
Grantor
Date of grant
Exercise
price
HK$
At 1 July
2015
Granted
Adjusted Exercised
Lapsed/
cancelled
At
30 June
2016
Number
of share
options
exercisable
as at
30 June
2016
Note
The Company 19 March 2012 to
10 June 2016
7.2 to 11.238
148,374,701
108,337,928
167,970
(470,000)
(86,863,044)
169,547,555
118,248,348
(i)
Weighted average
exercise price of
each category (HK$)
–
9.457
7.929
9.510
7.650
9.111
8.619
8.452
NWCL
31 May 2010 to
26 July 2011
2.349 to 3.036
9,238,930
–
–
(9,002,188)
(236,742)
–
–
(ii)
Weighted average
exercise price of
each category (HK$)
–
3.013
–
–
3.021
2.720
–
–
3 May 2012 to
23 July 2015
2.450 to 5.420
26,708,970
3,206,000
–
(4,520,497)
(25,394,473)
–
–
(ii)
Weighted average
exercise price of
each category (HK$)
–
4.211
4.504
–
3.862
4.310
–
–
NWSH
9 March 2015
14.137
55,478,053
–
82,018
–
(284,248)
55,275,823
44,220,658
(iii)
Weighted average
exercise price of
each category (HK$)
–
14.158
–
14.142
–
14.148
14.137
14.137
