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The entity estimates the fair value of the share options on grant date to be P5 per option. The esti account the following market conditions.

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The entity estimates the fair value of the share options on grant date to be P5 per option. The esti account the following market conditions. The possibility that the share will exceed P30 at the end of year 3, i.e., share options becor and The possibility that the share price will not exceed P30 at the end of year 3, ie., the share forfeited. The following actual events occurred in years 1 to 3: Year 1 The share price has increased to P24 The entity's estimate of the fair value of the options is P4 at the end of year 1. This takes in whether the market condition will be satisfied by the end of year 3. Year 2 The share price has decreased to P22. However, the entity remains optimistic that the sha will be met by the end of year 3. The estimated fair value of the share option is P3. Again, this estimate takes into account condition noted above. Year 3 The share price only reaches P28 by the end of year 3. The estimated fair value of the share option is zero, as the market condition has not been

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