On 1 January 2016, Ifar Limited granted 250 cash share appreciation rights (SARs) to each of its 500 employees on condition that they continued to work for the company until 31 December 2018. During 2016, 50 employees left Ifar Limited and it was estimated that a further 100 employees in total would leave the company during 2017 and 2018.

During 2017, a further 30 employees left Ifar Limited and it was estimated that 50 employees would leave the company during 2018.

During 2018, 25 employees left Ifar Limited.

The fair value of each SAR on 31 December in each of the following years was

Requirement Calculate the expense to be recognised in the statement of profit or loss and other comprehensive income of Ifar Limited for each of the three years ending 31 December 2016-18, together with the corresponding liability in the statement of financial position on each of these dates.

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Year 2016 Fair value of SAR 10.00 2017 12.00 2018 14.00