At the beginning of 2015, company A grants 3000 employee share options with an exercise price of $45 to its newly appointed chief executive officer, conditional on the executive remaining in the company's employ for the next 3 years. The exercise price drops to $35 if company A earnings increase by an average of 10% per year over the 3-year period. On grant date, the estimated fair value of the employee share options with an exercise price of $35 is $22 per option. If the exercise price is $45, the options have an estimated fair value of $17 each.

During 2015, company A earnings increased by 8% and are expected to continue to increase at this rate over the next 2 years.

required :

prepare a schedule setting out the annual remuneration expense to be recognised by the company and the cumulative remuneration expense for 2015