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StarHub Ltd Annual Report 2015

20 Operating Expenses (continued) Overview

20.2.2 Share-based Payments (continued)

StarHub Restricted Stock Plans (continued)
The fair value of the share awards is estimated using a Monte-Carlo simulation methodology at the measurement dates, which

are grant dates of the share awards.

The assumptions under the model used for the grant in 2015 and 2014 are as follows: Year of grant 2014
2015
Fair value
Share price $3.65 – $3.82 $3.11 – $3.84 Strategy
Expected volatility of the Company’s shares $3.98 – $4.25 $4.07
Expected dividend yield 16.91%
Risk-free interest rates 16.23% 4.44%
4.48% – 5.15%
0.70% – 1.36% 0.26% – 0.46%

20.3 Other expenses Group Company
2015
Included in other expenses are the following: 2015 2014 2014
$m $m $m $m
Fees paid to auditors of the Company:
– Audit 0.4 0.4 0.1 0.1 Performance
– Non-audit 0.3 0.2 0.1 0.1
Foreign currency exchange (gain)/ loss (1.4) 3.1 (2.4) 1.8
Changes in fair value of financial instruments (1.0) 0.9 (1.0) 0.9

21 Other Income Group Company Governance & Sustainability
2015
Corporate recharges to related parties 2015 2014 2014
Dividend income from subsidiaries $m $m $m $m
Income related grants
0.2 – 215.2 231.4
– – 309.4 326.5
46.6
45.4 46.6 1.9 0.3
45.6 526.5 558.2

Financials