Captain Ltd grants 60 share options to each of its 70 employees on 1 July 2015, conditional upon the employee working for the entity for the next 3 years. The fair value of each share option at grant date is $30. At the end of the second year, 10 employees have left the company. No employees leave the company in the first year or in the third year. The cumulative remuneration expense at the end of the second year is $72,000.

The fair value of the options at the start of the third year is $10, because the share price of the company has fallen since 1 July 2015. The company decides to reprice the options so that the fair value increases to $17, effective for the year ending 30 June 2018.

In accordance with AASB 2, how much remuneration expense related to the share option issue should the company recognise in the third year, the year ended 30 June 2018 (rounded to nearest thousand dollars)?

Select one:

a. $54 000

b. $61 200

c. $36 000

d. $15 200

e. $57 200