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The amendments, which were developed through the IFRS Interpretations Committee, provide requirements on the accounting for:
a. the effects of vesting and non-vesting conditions on the measurement of cash-settled share-based payments;
b. share-based payment transactions with a net settlement feature for withholding tax obligations; and
c. a modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled.
Companies are required to apply the amendments for annual periods beginning on or after 1 January 2018. Earlier application is permitted.