The Accounting Standards Board has today published an amendment to FRS 20 (IFRS 2) ‘Share-Based Payment – Group Cash-settled Share-based Payment Transactions’. The amendment clarifies both the scope of the standard and the accounting for group cash-settled share-based payment transactions in the separate or individual financial statements of the entity receiving the goods or services when that entity has no obligation to settle the share-based payments transaction.
Click here to access the ASB's press release.