Septiembre 2011

Share-based payment

Share-based payment transactions

Scope

These are transactions which, in exchange for receiving goods or services (including the services provided by employees), are settled by an entity with own equity instruments or with an amount of cash that is based on the value of the entity’s own equity instruments, such as share options or share appreciation rights.

Recognition

The entity recognises, on the one hand, the goods or services received as an asset or as an expense, when they are obtained, and on the other:

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  an increase in equity if the transaction is settled in equity instruments,
  

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  or a liability if the transaction is settled with an amount of cash that is based on the value of the equity instrument.
  

In transactions in which it is necessary to complete a specified period of service, the entity accounts for those services as they are rendered.

Share-based payment

Measurement

Equity-settled share-based payment transactions:

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  With employees: at the fair value at grant date of the equity instruments granted.
  

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  With suppliers (goods or services counterparty): at the fair value, if it can be measured reliably, of the goods or services at the date that they are received. Otherwise, the goods or services received and the increase in equity are measured at the fair value of the
  

equity instruments granted at the date on which the entity obtains the goods or the counterparty renders the service.

Having recognised the increase in equity, the entity does not make any subsequent adjustment to total equity after vesting date.

Cash-settled share-based payment transactions:

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  The goods or services acquired and the liability incurred are measured at the fair value of the liability at the date on which the requirements for the recognition thereof are met.
  

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  Until the liability is settled, the entity shall remeasure the fair value of the liability at the end of each reporting period, with any changes in fair value recognised in profit or loss for the period.