Page 166 - Annual Report 2014

19 Operating Expenses (continued) Overview
19.2.2 Share-based Payments (continued)
StarHub Restricted Stock Plans (continued) Year of grant Strategy
The assumptions under the model used for the grant in 2014 and 2013 are as follows:
2014 2013
Fair value
Share price $3.11 - $3.84 $3.61 Performance
Expected volatility of the Company’s shares $4.07 $4.01
Expected dividend yield 16.30%
Risk-free interest rates 16.91% 4.80%
4.44% 0.35% - 0.46%

0.26% - 0.46%

19.3 Other expenses Group Company
Included in other expenses are the following:
2014 2013 2014 2013
Fees paid to auditors of the Company:
– Audit $m $m $m $m Governance
– Non-audit
Foreign currency exchange loss 0.4 0.4 0.1 0.1 Financials
Changes in fair value of financial instruments 0.2 0.3 0.1 0.1
3.1 2.7 1.8 0.5
0.9 (1.7) 0.9 (1.7)

20 Other Income Group Company

Corporate recharges to subsidiaries 2014 2013 2014 2013
Dividend income from subsidiaries
Income related grants $m $m $m $m

– – 231.4 217.1
– – 326.5 150.0
46.6 49.9
46.6 49.9 0.3 0.1
558.2 367.2

21 Finance Income and Expense Group Company

Interest income: 2014 2013 2014 2013
– Bank deposits
– Subsidiaries $m $m $m $m
Finance income
2.0 2.8 1.9 2.7
Interest expense: –– 12.6 18.9
– Bank loans 14.5 21.6
– Medium term note 2.0 2.8
– Subsidiaries
Finance expense 15.8 12.0 15.8 11.9
6.8 6.8 6.8 6.8
– – 1.6 1.4

22.6 18.8 24.2 20.1

StarHub Ltd | Annual Report 2014 163