QUESTION EIGHTEEN Jack and Jill AB granted 200 options on its ordinary shares of no par value to each of its 800 employees on 1 January 2011. Each grant is conditional upon the employee being employed by Jack and Jill AB until 31 December 2013. Jack and Jill AB estimated at 1 January 2011 that: (i) The fair value of each option was GH4.00 (before adjustment for the possibility of forfeiture). (ii) Approximately 50 employees would leave during the 2011, 40 during 2012 and 30 during 2013 thereby forfeiting their rights to receive the options. The departures were expected to be evenly spread within each year. The exercise price of the options wasGH1.50 and the market value of a Jack and Jill AB share on 1 January 2011 was GH3.00 In the event, only 40 employees left during 2011 (and the estimate of total departures was revised down to 95 at 31 December 2011), 20 during 2012 (and the estimate of total departures was revised to 70 at 31 December 2012) and none during 2013, spread evenly during the year. Required: The directors Jack and Jill AB have asked you to illustrate how the scheme is accounted for under IFRS2 Share-based payment