Which of the following statements in relation to disclosures required under IFRS 2 Share-based Payment is NOT correct?
A) For arrangements that were modified during the year, the incremental fair value granted as a result.
B) The weighted average price at the date of exercise for options exercised during the period.
C) A description of the plan, including the general terms and conditions, vesting requirements, maximum term of options granted and method of settlement must be disclosed.
D) for liabilities arising from share-based payment transactions, the total intrinsic value at the end of the period for liabilities where the counter party's right had not yet vested.

Question

Quizplus · Accepted Answer

The statement in option D is not correct. Under IFRS 2, the disclosure requirement for liabilities arising from share-based payment transactions is to disclose the total fair value of the liabilities at the end of the period, not just the intrinsic value. The intrinsic value only reflects the amount by which the market price of the share exceeds the exercise price of the share option and does not represent the total fair value of the liability.

Which of the Following Statements in Relation to Disclosures Required