Page 175 - eco_eng

The schemes for 2009 are as follows:

No. of options Strike Price

Assignment date

From To

Plans outstanding at 31 December 2005

1,483,500 19,70 2005 27/07/08 26/07/10

Options granted 1,733,150 18,57 2006 26/07/09 25/07/11 Options cancelled (263,000) 19,70 2005 Plans outstanding at 31 December 2006

2,953,650

Options granted 1,153,650 20,82 2007 25/07/10 24/07/12 Options cancelled (89,500) 19,70 2005 (105,500) 18,57 2006 (18,000) 20,82 2007 Plans outstanding at 31 December 2007

3,894,300

Options granted 590,325 8,21 2008 30/07/11 29/07/13 Options cancelled (94,500) 19,70 2005 (111,500) 18,57 2006 (57,000) 20,82 2007 Plans outstanding at 31 December 2008

4,221,625

Options granted 319,163 6,29 2009 29/07/12 28/07/14 Options cancelled (30,000) 19,70 2005

(36,000) 18,57 2006 (36,000) 20,82 2007 (18,000) 8,21 2008 Plans outstanding at 31 December 2009

4,420,788

22. Financial Instruments

22.1. Derivatives

The Group uses fnancial instruments to hedge the foreign currency risks relating to purchases of audiovisual property rights in the year and, when necessary, to hedge those related to commercial transactions with customers, which are recognised in the consolidated statement of fnancial position.

The breakdown, by maturity, of the notional amounts of derivatives outstanding at the Group at 31 December 2010 is as follows:

2010

Notional amount/ Maturity up to one

year

Amount in USD

Fair value Dollars Year - end (€/$) exc. rate

Purchase of unmatured currency

Purchase of dollars in euros 9,899 13,643 1,378 332 Sales of dollars in euros - - - - Net 9,899 13,643 332

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Financial Statements, Management and Corporate Governance Report. 2010