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AASB 2
What are the types of share based payments?
1. Equity based transactions
2. Cash based transactions
3. 'Choice' or combination transactions
Definition of a share based transaction.
where the entity receives goods or services as 'consideration' for equity instruments of the entity OR acquires the same goods or services by incurring liabilities to the supplier - 'based on the price of the entity's shares' ...or... other equity instruments of the entity.
Implications - economic and practical
- forced previous uncosted transactions to be costed
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Disclosure
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How to measure value of the goods or services received under AASB 2 regarding equity based transactions?
always fair value ...unless...fair value cannot be determined ie. antique or one-of-a-kind, then the value is measured to the value of the equity instruments provided.
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