On 1 January 2016, IESB granted its senior management staff 30,000 share option conditional upon remaining in service for four years until 31 December 2019. The share options could not be exercised unless the share price increased from RM10 to RM25 by the end of 31 December 2019. The duration period to exercise the share option is from 1 January 2020 to 31 December 2021.

The estimated the fair value of the option was RM8 after taking into consideration the potential increase in the share price. The exercise price was RM18 per share.

Required:

i. Identify the type of share based payment on the above transactions as per MFRS 2. State the vesting condition (if any).

ii. Record the transaction for the relevant years

iii. Prepare the extract of statement of financial position for each year (2016 to 2019), assuming all the options are exercised on 1 February 2020.