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Amendments to IFRS 2
11 October 2016
The International Accounting Standards Board has issued amendments to IFRS 2 Share-based Payment, clarifying how to account for certain types of share-based payment transactions.
The amendments, provide requirements on the accounting for:
• The effects of vesting and non-vesting conditions on the measurement of cash-settled shared-based payments.
• Share-based payment transactions with a net settlement feature for withholding tax obligations.
• A modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled.
Companies are required to apply the amendments for annual periods beginning on or after 1 January 2018. Earlier application is permitted.
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