Amendment to FRS 20 (IFRS 2) 'Share-Based Payment': Vesting Conditions And Cancellations (Exposure Draft) March 2006

摘要

1 In April 2004 the Accounting Standards Board (the ASB) issued FRS 20 (IFRS 2) 'Share-based Payment'. FRS 20 implemented the requirements of IFRS 2 for those applying UK standards. 2 In February 2006, the IASB issued 'Proposed Amendments to IFRS 2 Share-based Payment' proposing limited amendments to IFRS 2. 3 The ASB is proposing to make equivalent amendments to FRS 20, as set out in this exposure draft. 4 The proposals would amend IFRS 2 and FRS 20 to define vesting conditions and clarify the accounting treatment of cancellations by parties other than the entity. These proposals are being made because of uncertainties as to how the standards apply to employee share purchase plans. 5 Under IFRS 2 and FRS 20, where share options are granted to employees, the value of the options (at grant date) is treated as an expense over the period in which services are received from the employees in exchange for the options - normally the period until the options can be exercised.