commiss regul ec februari amend regul ec adopt intern account standard accord regul ec european parliament council intern financi report standard ifr intern account standard iass text eea relev commiss european commun regard treati establish european commun regard regul ec european parliament council juli applic intern account standard articl thereof commiss regul ec intern standard interpret extant septemb adopt februari intern account standard board iasb publish intern financi report standard ifr share base payment ifr requir time compani reflect incom statement effect share base payment transact includ expens transact share option grant manag employe past transact share option grant employe recogn compani incom statement disclos note affect report earn capit market consult technic expert field confirm ifr meet technic criteria adopt set articl regul ec requir conduc european public good ifr valuat model describ factor account estim fair share base payment purpos order prevent develop measur techniqu hitherto exist form share base payment tradabl long term employe stock option altern method develop futur accommod compani auditor investor newli list compani compani suffici track record difficulti estim futur share price commiss note critic complex ifr share base payment advanc concern parti consult process commiss awar remain technic issu standard relat concern econom impact commiss recogn view potenti impact employe stock option scheme implic competit eu compani applic regularli monitor endors interest european capit market european investor commiss monitor futur effect ifr european compani review applic standard juli latest commiss recal regul ec ia regul juli requir financi year start januari compani govern law member state prepar consolid account conform intern account standard adopt accord procedur laid articl balanc sheet date secur admit trade regul market member state mean articl council direct eec invest servic secur field adopt ifr impli consequ amend intern account standard order ensur consist intern account standard consequenti amend affect intern financi report standard ifr intern account standard iass no regul ec amend measur provid regul accord opinion account regulatori committe adopt regul articl annex regul ec amend intern financi report standard ifr share base payment insert annex regul ec adopt ifr impli consequ amend ifr intern account standard iass order ensur consist intern account standard text insert set annex regul articl regul enter forc dai public offici journal european union regul bind entireti directli applic member state brussel februari commiss charli mccreevi member commiss oj oj regul amend regul ec oj oj direct amend direct ec european parliament council oj annex intern financi report standard ifr share base payment reproduct allow european econom area exist right reserv eea except reproduc purpos person fair deal inform obtain iasb www iasb org uk intern financi report standard share base payment summari object scope recognit equiti settl share base payment transact overview transact servic receiv transact measur refer fair equiti instrument grant determin fair equiti instrument grant treatment vest condit treatment reload featur vest date fair equiti instrument estim reliabl modif term condit equiti instrument grant includ cancel settlement cash settl share base payment transact share base payment transact cash altern share base payment transact term arrang provid counterparti choic settlement share base payment transact term arrang provid entiti choic settlement disclosur transit provis effect date object object ifr financi report entiti undertak share base payment transact requir entiti reflect profit loss financi posit effect share base payment transact includ expens transact share option grant employe scope entiti appli ifr account share base payment transact includ equiti settl share base payment transact entiti receiv good servic consider equiti instrument entiti includ share share option cash settl share base payment transact entiti acquir good servic incur liabil supplier good servic amount base price entiti share equiti instrument entiti transact entiti receiv acquir good servic term arrang provid entiti supplier good servic choic entiti settl transact cash asset issu equiti instrument note paragraph purpos ifr transfer entiti equiti instrument sharehold parti suppli good servic entiti includ employe share base payment transact transfer purpos payment good servic suppli entiti appli transfer equiti instrument entiti parent equiti instrument entiti group entiti parti suppli good servic entiti purpos ifr transact employe parti capac holder equiti instrument entiti share base payment transact entiti grant holder class equiti instrument acquir addit equiti instrument entiti price fair equiti instrument employe receiv holder equiti instrument class grant exercis subject requir ifr note paragraph ifr appli share base payment transact entiti acquir receiv good servic good includ inventori consum properti plant equip intang asset financi asset entiti appli ifr transact entiti acquir good part net asset acquir busi combin ia busi combin appli equiti instrument issu busi combin exchang control acquire scope ifr equiti instrument grant employe acquire capac employe return continu servic scope ifr similarli cancel replac modif share base payment arrang busi combin equiti restructur account accord ifr ifr appli share base payment transact entiti receiv acquir good servic contract scope paragraph ia financi instrument disclosur present revis paragraph ia financi instrument recognit measur revis recognit entiti recognis good servic receiv acquir share base payment transact obtain good servic receiv entiti recognis increas equiti good servic receiv equiti settl share base payment transact liabil good servic acquir cash settl share base payment transact good servic receiv acquir share base payment transact qualifi recognit asset recognis expens typic expens aris consumpt good servic servic typic consum immedi case expens recognis counterparti render servic good consum period time case inventori sold date case expens recognis good consum sold recognis expens good servic consum sold qualifi recognit asset entiti acquir good part research phase project develop product good consum qualifi recognit asset applic ifr equiti settl share base payment transact overview equiti settl share base payment transact entiti measur good servic receiv increas equiti directli fair good servic receiv fair estim reliabl entiti estim reliabl fair good servic receiv entiti measur increas equiti indirectli refer fair equiti instrument grant appli requir paragraph transact employe provid similar servic entiti measur fair servic receiv refer fair equiti instrument grant typic estim reliabl fair servic receiv explain paragraph fair equiti instrument measur grant date typic share share option equiti instrument grant employe part remuner packag addit cash salari employ benefit measur directli servic receiv compon employe remuner packag measur fair total remuner packag independ measur directli fair equiti instrument grant share share option grant part bonu arrang part basic remuner incent employe remain entiti emploi reward effort improv entiti perform grant share share option addit remuner entiti pai addit remuner obtain addit benefit estim fair addit benefit difficult difficulti measur directli fair servic receiv entiti measur fair employe servic receiv refer fair equiti instrument grant appli requir paragraph transact parti employe rebutt presumpt fair good servic receiv estim reliabl fair measur date entiti obtain good counterparti render servic rare case entiti rebut presumpt estim reliabl fair good servic receiv entiti measur good servic receiv increas equiti indirectli refer fair equiti instrument grant measur date entiti obtain good counterparti render servic transact servic receiv equiti instrument grant vest immedi counterparti requir complet period servic uncondition entitl equiti instrument absenc evid contrari entiti presum servic render counterparti consider equiti instrument receiv case grant date entiti recognis servic receiv full increas equiti equiti instrument grant vest counterparti complet period servic entiti presum servic render counterparti consider equiti instrument receiv futur vest period entiti account servic render counterparti vest period increas equiti employe grant share option condit complet year servic entiti presum servic render employe consider share option receiv futur year vest period employe grant share option condit achiev perform condit remain entiti emploi perform condit satisfi length vest period vari depend perform condit satisfi entiti presum servic render employe consider share option receiv futur expect vest period entiti estim length expect vest period grant date base outcom perform condit perform condit market condit estim length expect vest period consist assumpt estim fair option grant subsequ revis perform condit market condit entiti revis estim length vest period subsequ inform length vest period differ previou estim transact measur refer fair equiti instrument grant determin fair equiti instrument grant transact measur refer fair equiti instrument grant entiti measur fair equiti instrument grant measur date base market price take account term condit equiti instrument grant subject requir paragraph market price entiti estim fair equiti instrument grant valuat techniqu estim price equiti instrument measur date arm length transact knowledg parti valuat techniqu consist gener accept valuat methodolog price financi instrument incorpor factor assumpt knowledg market particip set price subject requir paragraph appendix guidanc measur fair share share option focus specif term condit common featur grant share share option employe treatment vest condit grant equiti instrument condit satisfi vest condit grant share share option employe typic condit employe remain entiti emploi period time perform condit satisfi entiti achiev growth profit increas entiti share price vest condit market condit account estim fair share share option measur date vest condit account adjust number equiti instrument includ measur transact amount ultim amount recognis good servic receiv consider equiti instrument grant base number equiti instrument eventu vest cumul basi amount recognis good servic receiv equiti instrument grant vest failur satisfi vest condit counterparti fail complet servic period perform condit satisfi subject requir paragraph appli requir paragraph entiti recognis amount good servic receiv vest period base estim number equiti instrument expect vest revis estim subsequ inform number equiti instrument expect vest differ previou estim vest date entiti revis estim equal number equiti instrument ultim vest subject requir paragraph market condit target share price vest exercis condit account estim fair equiti instrument grant grant equiti instrument market condit entiti recognis good servic receiv counterparti satisfi vest condit servic receiv employe remain servic period servic irrespect market condit satisfi treatment reload featur option reload featur reload featur account estim fair option grant measur date reload option account option grant reload option subsequ grant vest date recognis good servic receiv accord paragraph increas equiti entiti make subsequ adjust total equiti vest date entiti subsequ revers amount recognis servic receiv employe vest equiti instrument forfeit case share option option exercis requir preclud entiti recognis transfer equiti transfer compon equiti fair equiti instrument estim reliabl requir paragraph appli entiti requir measur share base payment transact refer fair equiti instrument grant rare case entiti unabl estim reliabl fair equiti instrument grant measur date accord requir paragraph rare case entiti measur equiti instrument intrins initi date entiti obtain good counterparti render servic subsequ report date date final settlement chang intrins recognis profit loss grant share option share base payment arrang final settl option exercis forfeit cessat employ laps end option life recognis good servic receiv base number equiti instrument ultim vest applic ultim exercis appli requir share option entiti recognis good servic receiv vest period accord paragraph requir paragraph market condit appli amount recognis good servic receiv vest period base number share option expect vest entiti revis estim subsequ inform number share option expect vest differ previou estim vest date entiti revis estim equal number equiti instrument ultim vest vest date entiti revers amount recognis good servic receiv share option forfeit laps end share option life entiti appli paragraph appli paragraph modif term condit equiti instrument grant account appli intrins method set paragraph entiti settl grant equiti instrument paragraph appli settlement occur vest period entiti account settlement acceler vest recognis immedi amount recognis servic receiv remaind vest period payment made settlement account repurchas equiti instrument deduct equiti extent payment exce intrins equiti instrument measur repurchas date excess recognis expens modif term condit equiti instrument grant includ cancel settlement entiti modifi term condit equiti instrument grant reduc exercis price option grant employe repric option increas fair option requir paragraph account effect modif express context share base payment transact employe requir appli share base payment transact parti employe measur refer fair equiti instrument grant case refer paragraph grant date refer date entiti obtain good counterparti render servic entiti recognis minimum servic receiv measur grant date fair equiti instrument grant equiti instrument vest failur satisfi vest condit market condit grant date appli irrespect modif term condit equiti instrument grant cancel settlement grant equiti instrument addit entiti recognis effect modif increas total fair share base payment arrang benefici employe guidanc appli requir appendix entiti cancel settl grant equiti instrument vest period grant cancel forfeitur vest condit satisfi entiti account cancel settlement acceler vest recognis immedi amount recognis servic receiv remaind vest period payment made employe cancel settlement grant account repurchas equiti interest deduct equiti extent payment exce fair equiti instrument grant measur repurchas date excess recognis expens equiti instrument grant employe date equiti instrument grant entiti identifi equiti instrument grant replac equiti instrument cancel equiti instrument entiti account grant replac equiti instrument modif origin grant equiti instrument accord paragraph guidanc appendix increment fair grant differ fair replac equiti instrument net fair cancel equiti instrument date replac equiti instrument grant net fair cancel equiti instrument fair immedi cancel amount payment made employe cancel equiti instrument account deduct equiti accord entiti identifi equiti instrument grant replac equiti instrument cancel equiti instrument entiti account equiti instrument grant equiti instrument entiti repurchas vest equiti instrument payment made employe account deduct equiti extent payment exce fair equiti instrument repurchas measur repurchas date excess recognis expens cash settl share base payment transact cash settl share base payment transact entiti measur good servic acquir liabil incur fair liabil liabil settl entiti remeasur fair liabil report date date settlement fair recognis profit loss period entiti grant share appreci right employe part remuner packag employe entitl futur cash payment equiti instrument base increas entiti share price level period time entiti grant employe receiv futur cash payment grant share includ share issu exercis share option redeem mandatorili cessat employ employe option entiti recognis servic receiv liabil pai servic employe render servic share appreci right vest immedi employe requir complet period servic entitl cash payment absenc evid contrari entiti presum servic render employe exchang share appreci right receiv entiti recognis immedi servic receiv liabil pai share appreci right vest employe complet period servic entiti recognis servic receiv liabil pai employe render servic period liabil measur initi report date settl fair share appreci right appli option price model take account term condit share appreci right grant extent employe render servic date share base payment transact cash altern share base payment transact term arrang provid entiti counterparti choic entiti settl transact cash asset issu equiti instrument entiti account transact compon transact cash settl share base payment transact extent entiti incur liabil settl cash asset equiti settl share base payment transact extent liabil incur share base payment transact term arrang provid counterparti choic settlement entiti grant counterparti choos share base payment transact settl cash issu equiti instrument entiti grant compound financi instrument includ debt compon counterparti demand payment cash equiti compon counterparti demand settlement equiti instrument cash transact parti employe fair good servic receiv measur directli entiti measur equiti compon compound financi instrument differ fair good servic receiv fair debt compon date good servic receiv transact includ transact employe entiti measur fair compound financi instrument measur date take account term condit right cash equiti instrument grant appli paragraph entiti measur fair debt compon measur fair equiti compon take account counterparti forfeit receiv cash order receiv equiti instrument fair compound financi instrument sum fair valu compon share base payment transact counterparti choic settlement structur fair settlement altern counterparti choic receiv share option cash settl share appreci right case fair equiti compon fair compound financi instrument fair debt compon convers fair valu settlement altern differ fair equiti compon greater case fair compound financi instrument greater fair debt compon entiti account separ good servic receiv acquir respect compon compound financi instrument debt compon entiti recognis good servic acquir liabil pai good servic counterparti suppli good render servic accord requir appli cash settl share base payment transact paragraph equiti compon entiti recognis good servic receiv increas equiti counterparti suppli good render servic accord requir appli equiti settl share base payment transact paragraph date settlement entiti remeasur liabil fair entiti issu equiti instrument settlement pai cash liabil transfer direct equiti consider equiti instrument issu entiti pai cash settlement issu equiti instrument payment appli settl liabil full equiti compon previous recognis remain equiti elect receiv cash settlement counterparti forfeit receiv equiti instrument requir preclud entiti recognis transfer equiti transfer compon equiti share base payment transact term arrang provid entiti choic settlement share base payment transact term arrang provid entiti choic settl cash issu equiti instrument entiti determin present oblig settl cash account share base payment transact entiti present oblig settl cash choic settlement equiti instrument commerci substanc entiti legal prohibit issu share entiti past practic state polici settl cash gener settl cash counterparti ask cash settlement entiti present oblig settl cash account transact accord requir appli cash settl share base payment transact paragraph oblig exist entiti account transact accord requir appli equiti settl share base payment transact paragraph settlement entiti elect settl cash cash payment account repurchas equiti interest deduct equiti note entiti elect settl issu equiti instrument account requir transfer compon equiti note entiti elect settlement altern higher fair date settlement entiti recognis addit expens excess differ cash paid fair equiti instrument issu differ fair equiti instrument issu amount cash paid whichev applic disclosur entiti disclos inform enabl user financi statement understand natur extent share base payment arrang exist period give effect principl paragraph entiti disclos descript type share base payment arrang exist time period includ gener term condit arrang vest requir maximum term option grant method settlement cash equiti entiti substanti similar type share base payment arrang aggreg inform separ disclosur arrang satisfi principl paragraph number weight averag exercis price share option group option outstand begin period ii grant period iii forfeit period iv exercis period expir period vi outstand end period vii exercis end period share option exercis period weight averag share price date exercis option exercis regular basi period entiti disclos weight averag share price period share option outstand end period rang exercis price weight averag remain contractu life rang exercis price wide outstand option divid rang meaning assess number time addit share issu cash receiv exercis option entiti disclos inform enabl user financi statement understand fair good servic receiv fair equiti instrument grant period determin entiti measur fair good servic receiv consider equiti instrument entiti indirectli refer fair equiti instrument grant give effect principl paragraph entiti disclos share option grant period weight averag fair option measur date inform fair measur includ option price model input model includ weight averag share price exercis price expect volatil option life expect dividend risk free interest rate input model includ method assumpt made incorpor effect expect earli exercis ii expect volatil determin includ explan extent expect volatil base histor volatil iii featur option grant incorpor measur fair market condit equiti instrument grant period share option number weight averag fair equiti instrument measur date inform fair measur includ fair measur basi observ market price determin ii expect dividend incorpor measur fair iii featur equiti instrument grant incorpor measur fair share base payment arrang modifi period explan modif ii increment fair grant result modif iii inform increment fair grant measur consist requir set applic entiti measur directli fair good servic receiv period entiti disclos fair determin fair measur market price good servic entiti rebut presumpt paragraph disclos fact give explan presumpt rebut entiti disclos inform enabl user financi statement understand effect share base payment transact entiti profit loss period financi posit give effect principl paragraph entiti disclos total expens recognis period aris share base payment transact good servic receiv qualifi recognit asset recognis immedi expens includ separ disclosur portion total expens aris transact account equiti settl share base payment transact liabil aris share base payment transact total carri amount end period ii total intrins end period liabil counterparti cash asset vest end period vest share appreci right inform requir disclos ifr satisfi principl paragraph entiti disclos addit inform satisfi transit provis equiti settl share base payment transact entiti appli ifr grant share share option equiti instrument grant novemb vest effect date ifr entiti encourag requir appli ifr grant equiti instrument entiti disclos publicli fair equiti instrument determin measur date grant equiti instrument ifr appli entiti restat compar inform applic adjust open balanc retain earn earliest period present grant equiti instrument ifr appli equiti instrument grant novemb entiti disclos inform requir paragraph ifr effect entiti modifi term condit grant equiti instrument ifr appli entiti appli paragraph account modif liabil aris share base payment transact exist effect date ifr entiti appli ifr retrospect liabil entiti restat compar inform includ adjust open balanc retain earn earliest period present compar inform restat entiti requir restat compar inform extent inform relat period date earlier novemb entiti encourag requir appli retrospect ifr liabil aris share base payment transact liabil settl period compar inform present effect date entiti appli ifr annual period begin januari earlier applic encourag entiti appli ifr period begin januari disclos fact ifr phrase quot refer quot quot quot transact ultim measur multipli fair equiti instrument grant measur date paragraph whichev applic number equiti instrument vest explain paragraph remaind ifr refer employe includ provid similar servic paragraph refer cash includ asset entiti appendix defin term appendix integr part ifr cash settl share base payment transact share base payment transact entiti acquir good servic incur liabil transfer cash asset supplier good servic amount base price entiti share equiti instrument entiti employe provid similar servic individu render person servic entiti individu regard employe legal tax purpos individu work entiti direct individu regard employe legal tax purpos servic render similar render employe term encompass manag personnel person author respons plan direct control activ entiti includ execut director equiti instrument contract evid residu interest asset entiti deduct liabil equiti instrument grant condit uncondit equiti instrument entiti confer entiti parti share base payment arrang equiti settl share base payment transact share base payment transact entiti receiv good servic consider equiti instrument entiti includ share share option fair amount asset exchang liabil settl equiti instrument grant exchang knowledg parti arm length transact grant date date entiti parti includ employe agre share base payment arrang entiti counterparti share understand term condit arrang grant date entiti confer counterparti cash asset equiti instrument entiti provid vest condit met agreement subject approv process sharehold grant date date approv obtain intrins differ fair share counterparti condit uncondit subscrib receiv price counterparti requir pai share share option exercis price cu share fair cu intrins cu market condit condit exercis price vest exercis equiti instrument depend relat market price entiti equiti instrument attain share price amount intrins share option achiev target base market price entiti equiti instrument rel index market price equiti instrument entiti measur date date fair equiti instrument grant measur purpos ifr transact employe provid similar servic measur date grant date transact parti employe provid similar servic measur date date entiti obtain good counterparti render servic reload featur featur automat grant addit share option option holder exercis previous grant option entiti share cash satisfi exercis price reload option share option grant share satisfi exercis price previou share option share base payment arrang agreement entiti parti includ employe enter share base payment transact entitl parti receiv cash asset entiti amount base price entiti share equiti instrument entiti receiv equiti instrument entiti provid vest condit met share base payment transact transact entiti receiv good servic consider equiti instrument entiti includ share share option acquir good servic incur liabil supplier good servic amount base price entiti share equiti instrument entiti share option contract holder oblig subscrib entiti share fix determin price period time vest entitl share base payment arrang counterparti receiv cash asset equiti instrument entiti vest satisfact vest condit vest condit condit satisfi counterparti entitl receiv cash asset equiti instrument entiti share base payment arrang vest condit includ servic condit requir parti complet period servic perform condit requir perform target met increas entiti profit period time vest period period vest condit share base payment arrang satisfi framework defin liabil present oblig entiti aris past event settlement expect result outflow entiti resourc embodi econom benefit outflow cash asset entiti appendix monetari amount denomin quot currenc unit quot cu appendix applic guidanc appendix integr part ifr estim fair equiti instrument grant paragraph appendix discuss measur fair share share option grant focus specif term condit common featur grant share share option employe exhaust valuat issu discuss focu share share option grant employe assum fair share share option measur grant date valuat issu discuss determin expect volatil appli context estim fair share share option grant parti employe date entiti obtain good counterparti render servic share share grant employe fair share measur market price entiti share estim market price entiti share publicli trade adjust account term condit share grant vest condit exclud measur fair accord paragraph employe entitl receiv dividend vest period factor account estim fair share grant similarli share subject restrict transfer vest date factor account extent post vest restrict affect price knowledg market particip pai share share activ trade deep liquid market post vest transfer restrict effect price knowledg market particip pai share restrict transfer restrict exist vest period account estim grant date fair share grant restrict stem exist vest condit account accord paragraph share option share option grant employe case market price option grant subject term condit appli trade option trade option similar term condit exist fair option grant estim appli option price model entiti factor knowledg market particip select option price model appli employe option long live exercis period vest date end option life exercis earli factor consid estim grant date fair option entiti preclud black schole merton formula possibl exercis end option life adequ reflect effect expect earli exercis possibl expect volatil model input vari option life share option short contractu live exercis short period time vest date factor identifi appli instanc black schole merton formula produc substanti flexibl option price model option price model account minimum factor exercis price option life option current price underli share expect volatil share price dividend expect share risk free interest rate life option factor knowledg market particip set price account vest condit reload featur exclud measur fair accord paragraph share option grant employe typic exercis period vest period period secur regul factor account option price model appli assum option exercis time life entiti option price model valu option exercis end option life adjust requir inabl exercis vest period period option life model assum option exercis period similarli factor common employe share option possibl earli exercis option option freeli transfer employe exercis vest option cessat employ effect expect earli exercis account discuss paragraph factor knowledg market particip set price share option equiti instrument account estim fair share option equiti instrument grant share option grant employe factor affect option individu employe perspect relev estim price set knowledg market particip input option price model estim expect volatil dividend underli share object approxim expect reflect current market negoti exchang price option similarli estim effect earli exercis employe share option object approxim expect parti access detail inform employe exercis behaviour develop base inform grant date rang reason expect futur volatil dividend exercis behaviour expect calcul weight amount rang probabl occurr expect futur gener base experi modifi futur expect differ past circumst identifi factor unadjust histor experi poor predictor futur experi entiti distinctli line busi dispos significantli riski histor volatil inform base reason expect futur circumst histor inform newli list entiti histor data volatil share price unlist newli list entiti discuss summari entiti simpli base estim volatil exercis behaviour dividend histor inform extent past experi expect predict futur experi expect earli exercis employe exercis share option earli varieti reason employe share option typic transfer employe exercis share option earli employe liquid posit employe ceas employ requir exercis vest option short period time share option forfeit factor earli exercis employe share option factor caus earli exercis risk avers lack wealth diversif mean effect expect earli exercis account depend type option price model appli expect earli exercis account estim option expect life employe share option period time grant date date option expect exercis input option price model black schole merton formula altern expect earli exercis model binomi similar option price model contractu life input factor estim earli exercis includ length vest period share option typic exercis end vest period determin valuat implic expect earli exercis base assumpt option vest implic vest condit discuss paragraph averag length time similar option remain outstand past price underli share experi employe tend exercis option share price reach level exercis price employe level organis experi higher level employe tend exercis option lower level employe discuss paragraph expect volatil underli share averag employe tend exercis option highli volatil share earlier share low volatil note paragraph effect earli exercis account estim option expect life input option price model estim expect life share option grant group employe entiti base estim appropri weight averag expect life entir employe group appropri weight averag live subgroup employe group base detail data employe exercis behaviour discuss separ option grant group employe homogen exercis behaviour import option linear function option term increas decreas rate term lengthen assumpt equal year option worth year option worth mean calcul estim option basi singl weight averag life includ wide differ individu live overst total fair share option grant separ option grant group narrow rang live includ weight averag life reduc overstat similar consider appli binomi similar model experi entiti grant option broadli level employe top level execut tend hold option longer middl manag employe hold lower level employe tend exercis option earlier group addit employe encourag requir hold minimum amount employ equiti instrument includ option averag exercis option employe subject provis situat separ option group recipi homogen exercis behaviour result accur estim total fair share option grant expect volatil expect volatil measur amount price expect fluctuat period measur volatil option price model annualis standard deviat continu compound rate return share period time volatil typic express annualis term compar time period calcul daili weekli monthli price observ rate return posit neg share period measur sharehold benefit dividend appreci depreci share price expect annualis volatil share rang continu compound annual rate return expect fall approxim third time share expect continu compound rate return cent volatil cent mean probabl rate return share year cent cent approxim third share price cu begin year dividend paid year end share price expect cu cu cu cu approxim third time factor estim expect volatil includ impli volatil trade share option entiti share trade instrument entiti includ option featur convert debt histor volatil share price recent period gener commensur expect term option take account remain contractu life option effect expect earli exercis length time entiti share publicli trade newli list entiti high histor volatil compar similar entiti list longer guidanc newli list entiti tendenc volatil revert long term averag level factor indic expect futur volatil differ past volatil entiti share price extraordinarili volatil identifi period time fail takeov bid major restructur period disregard comput histor averag annual volatil regular interv price observ price observ consist period period entiti close price week highest price week close price week highest price week price observ express currenc exercis price newli list entiti note paragraph entiti histor volatil share price recent period gener commensur expect option term newli list entiti suffici inform histor volatil comput histor volatil longest period trade activ histor volatil similar entiti compar period live entiti list year grant option averag expect life year pattern level histor volatil entiti industri year share entiti publicli trade unlist entiti unlist entiti histor inform estim expect volatil factor set case unlist entiti regularli issu option share employe parti set intern market share volatil share price consid estim expect volatil altern entiti histor impli volatil similar list entiti share price option price inform estim expect volatil entiti base share share price similar list entiti entiti base estim share share price similar list entiti valuat methodolog share entiti deriv estim expect volatil consist valuat methodolog entiti share net asset earn basi expect volatil net asset valu earn expect dividend expect dividend account measur fair share option grant depend counterparti entitl dividend dividend equival employe grant option entitl dividend underli share dividend equival paid cash appli reduc exercis price grant date exercis date option grant valu dividend paid underli share input expect dividend similarli grant date fair share grant employe estim adjust requir expect dividend employe entitl receiv dividend paid vest period convers employe entitl dividend dividend equival vest period exercis case option grant date valuat right share option expect dividend account fair option grant estim expect dividend includ applic option price model fair share grant estim valuat reduc present dividend expect paid vest period option price model gener call expect dividend yield model modifi expect dividend amount yield entiti expect yield expect payment entiti histor pattern increas dividend entiti polici gener increas dividend approxim cent year estim option assum fix dividend amount option life evid support assumpt gener assumpt expect dividend base publicli inform entiti pai dividend plan assum expect dividend yield emerg entiti histori pai dividend expect begin pai dividend expect live employe share option entiti averag past dividend yield dividend yield appropri compar peer group risk free interest rate typic risk free interest rate impli yield coupon govern issu countri currenc exercis price express remain term equal expect term option valu base option remain contractu life take account effect expect earli exercis substitut govern issu exist circumst impli yield coupon govern issu repres risk free interest rate high inflat economi substitut market particip typic determin risk free interest rate substitut impli yield coupon govern issu estim fair option life equal expect term option valu capit structur effect typic parti entiti write trade share option share option exercis writer deliv share option holder share acquir exist sharehold exercis trade share option dilut effect contrast share option written entiti share issu share option exercis issu issu substanc share previous repurchas held treasuri share issu exercis price current market price date exercis actual potenti dilut reduc share price option holder make larg gain exercis exercis similar trade option dilut share price signific effect share option grant depend factor number share issu exercis option compar number share issu market expect option grant place market factor potenti dilut share price date grant entiti dilut effect futur exercis share option grant impact estim fair grant date option price model adapt account potenti dilut effect modif equiti settl share base payment arrang paragraph requir irrespect modif term condit equiti instrument grant cancel settlement grant equiti instrument entiti recognis minimum servic receiv measur grant date fair equiti instrument grant equiti instrument vest failur satisfi vest condit market condit grant date addit entiti recognis effect modif increas total fair share base payment arrang benefici employe appli requir paragraph modif increas fair equiti instrument grant reduc exercis price measur immedi modif entiti includ increment fair grant measur amount recognis servic receiv consider equiti instrument grant increment fair grant differ fair modifi equiti instrument origin equiti instrument estim date modif modif occur vest period increment fair grant includ measur amount recognis servic receiv period modif date date modifi equiti instrument vest addit amount base grant date fair origin equiti instrument recognis remaind origin vest period modif occur vest date increment fair grant recognis immedi vest period employe requir complet addit period servic uncondition entitl modifi equiti instrument similarli modif increas number equiti instrument grant entiti includ fair addit equiti instrument grant measur date modif measur amount recognis servic receiv consider equiti instrument grant consist requir modif occur vest period fair addit equiti instrument grant includ measur amount recognis servic receiv period modif date date addit equiti instrument vest addit amount base grant date fair equiti instrument origin grant recognis remaind origin vest period entiti modifi vest condit manner benefici employe reduc vest period modifi elimin perform condit market condit account accord entiti modifi vest condit account appli requir paragraph entiti modifi term condit equiti instrument grant manner reduc total fair share base payment arrang benefici employe entiti continu account servic receiv consider equiti instrument grant modif occur cancel equiti instrument grant account accord paragraph modif reduc fair equiti instrument grant measur immedi modif entiti account decreas fair continu measur amount recognis servic receiv consider equiti instrument base grant date fair equiti instrument grant modif reduc number equiti instrument grant employe reduct account cancel portion grant accord requir paragraph entiti modifi vest condit manner benefici employe increas vest period modifi ad perform condit market condit account accord entiti modifi vest condit account appli requir paragraph appendix amend ifrss amend appendix appli account period begin januari entiti appli ifr earlier period amend appli earlier period ia incom tax amend paragraph refer paragraph chang paragraph subhead insert quot current defer tax aris share base payment transact tax jurisdict entiti receiv tax deduct amount deduct determin taxabl profit relat remuner paid share share option equiti instrument entiti amount tax deduct differ relat cumul remuner expens aris account period jurisdict entiti recognis expens consumpt employe servic receiv consider share option grant accord ifr share base payment receiv tax deduct share option exercis measur tax deduct base entiti share price date exercis research cost discuss paragraph standard differ tax base employe servic receiv date amount taxat author permit deduct futur period carri amount nil deduct temporari differ result defer tax asset amount taxat author permit deduct futur period end period estim base inform end period amount taxat author permit deduct futur period depend entiti share price futur date measur deduct temporari differ base entiti share price end period note paragraph amount tax deduct estim futur tax deduct measur accord paragraph differ relat cumul remuner expens paragraph standard requir current defer tax recognis incom expens includ profit loss period extent tax aris transact event recognis period directli equiti busi combin acquisit amount tax deduct estim futur tax deduct exce amount relat cumul remuner expens tax deduct relat remuner expens equiti item situat excess current defer tax recognis directli equiti quot paragraph ia properti plant equip paragraph ia intang asset paragraph ia invest properti revis definit cost amend read quot cost amount cash cash equival paid fair consider acquir asset time acquisit construct applic amount attribut asset initi recognis accord specif requir ifrss ifr share base payment quot ia employe benefit amend introduct paragraph amend read quot standard identifi categori employe benefit termin benefit quot paragraph delet standard paragraph amend read quot standard appli employ account employe benefit ifr share base payment appli quot paragraph amend read quot employe benefit standard appli includ provid quot paragraph amend read quot employe benefit includ termin benefit categori identifi characterist quot paragraph definit equiti compens benefit equiti compens plan delet definit short term employe benefit post employ benefit long term employe benefit refer equiti compens benefit delet paragraph final sentenc delet paragraph delet ia financi instrument disclosur present paragraph insert quot financi instrument contract oblig share base payment transact ifr share base payment appli contract scope paragraph standard standard appli ii paragraph standard appli treasuri share purchas sold issu cancel connect employe share option plan employe share purchas plan share base payment arrang quot ia earn share amend paragraph insert quot share option share base payment arrang ifr share base payment appli issu price refer paragraph exercis price refer paragraph includ fair good servic suppli entiti futur share option share base payment arrang quot ia intang asset paragraph delet ia financi instrument recognit measur paragraph insert quot financi instrument contract oblig share base payment transact ifr share base payment appli contract scope paragraph standard standard appli quot ifr time adopt intern financi report standard amend paragraph refer paragraph chang paragraph amend subparagraph insert quot asset liabil subsidiari associ joint ventur paragraph design previous recognis financi instrument paragraph share base payment transact paragraph quot paragraph insert quot time adopt encourag requir appli ifr share base payment equiti instrument grant novemb time adopt encourag requir appli ifr equiti instrument grant novemb vest date transit ifrss januari time adopt elect appli ifr equiti instrument entiti disclos publicli fair equiti instrument determin measur date defin ifr grant equiti instrument ifr appli equiti instrument grant novemb time adopt disclos inform requir paragraph ifr time adopt modifi term condit grant equiti instrument ifr appli entiti requir appli paragraph ifr modif occur date transit ifrss januari time adopt encourag requir appli ifr liabil aris share base payment transact settl date transit ifrss time adopt encourag requir appli ifr liabil settl januari liabil ifr appli time adopt requir restat compar inform extent inform relat period date earlier novemb quot