Co issued 100 share options to each of their 10 000 employees on 1 July 2022. The fair value of the share options at grant date amounted to $20 per option. The shares are conditional upon the employees completing a further two years of service, the entitys net profit increasing by 10% each year (compounded) over the vesting period and, lastly, the share price increasing to $35 at the end of the vesting period.

The following share options will be granted should the following net profit increases be achieved:

% Increase in net profit	# Of share options per employee
10-12 %	110
12-14%	115
>14%	120

On 30 June 2023, it was expected that 82% of the employees would remain employed at SFU Co. The net profit increased by 12%, however, the share price remained at $20, and it is only expected to increase to $28 at the end of the vesting period.

a. Discuss and calculate the share-based payments calculation at 30 June 2023, with reference to the vesting conditions applicable to the exhibit. Please make reference to the IFRS Standard and IAS Standard, Definition, Recognition, Derecognition etc so I can understand