On 1 July 2012,Manchester Ltd granted 50 000 share options to its Chief Executive Officer with an exercise price of $40 per share,conditional upon the entity achieving the following non-market vesting conditions:
$$\begin{array} { | l | l | }
\hline \text { Year ending 30 June } & { \text { Condition } } \
\hline 2013 & \text { lf earnings have increased by } 12 \% \
\hline 2014 & \begin{array} { l }
\text { If earnings have increased by } 10 \% \text { averaged across } \
\text { the 2 year period }
\end{array} \
\hline 2015 & \begin{array} { l }
\text { If earnings have increased by at least } 8 \% \text { averaged } \
\text { across the 3 year period }
\end{array} \
\hline
\end{array}$$
Earnings information available follows:

In accordance with AASB 2,when will this share option vest?

Question

On 1 July 2012,Manchester Ltd granted 50 000 share options to its Chief Executive Officer with an exercise price of $40 per share,conditional upon the entity achieving the following non-market vesting conditions:
$$\begin{array} { | l | l | } 
\hline \text { Year ending 30 June } &  { \text { Condition } } \
\hline 2013 & \text { lf earnings have increased by } > 12 \% \
\hline 2014 & \begin{array} { l } 
\text { If earnings have increased by } > 10 \% \text { averaged across } \
\text { the 2 year period }
\end{array} \
\hline 2015 & \begin{array} { l } 
\text { If earnings have increased by at least } 8 \% \text { averaged } \
\text { across the 3 year period }
\end{array} \
\hline
\end{array}$$ 
Earnings information available follows:

In accordance with AASB 2,when will this share option vest?

Quizplus · Accepted Answer

The Answer of On 1 July 2012,Manchester Ltd granted 50 000 share options to its Chief Executive Officer with an exercise price of $40 per share,conditional upon the entity achieving the following non-market vesting conditions:
$$\begin{array} { | l | l | } 
\hline \text { Year ending 30 June } &  { \text { Condition } } \
\hline 2013 & \text { lf earnings have increased by } > 12 \% \
\hline 2014 & \begin{array} { l } 
\text { If earnings have increased by } > 10 \% \text { averaged across } \
\text { the 2 year period }
\end{array} \
\hline 2015 & \begin{array} { l } 
\text { If earnings have increased by at least } 8 \% \text { averaged } \
\text { across the 3 year period }
\end{array} \
\hline
\end{array}$$ 
Earnings information available follows:

In accordance with AASB 2,when will this share option vest?

On 1 July 2012,Manchester Ltd Granted 50 000 Share Options