IFRS 2 - Share-based Payments

Question 1

What disclosures need to be made under IFRS 2: Share-based payments

Answer 1

1. The nature and extend of any share-based payment arrangement that existed during the year.
2. How the fair value of goods or services received or equity instruments granted were determined.
3. The effect the share-based payment transactions have on the entity’s profit or loss and financial position.’

Question 2

Grant date =

Answer 2

The date on which hé entity and the recipient of the share-based payment have a shared understanding of the terms of the arrangement.

Question 3

Vesting period =

Answer 3

The period during which all of the specified vesting conditions of the share-based payment arrangement are to be satisfied.

Question 4

Equity share-based payment:

Answer 4

The corresponding entry to the expense or asset is recognised in equity (reserves)

Question 5

Cash share-based payment:

Answer 5

The corresponding entry to the expense or asset is recognised as a liability.