Ryder plc granted share appreciation rights SARs to its employees on November based
on ten million shares. The SARs provide employees at the date the rights are exercised with the
right to receive cash equal to the appreciation in the companys share price since the grant date.
The rights vested on October and payment was made on schedule on December
The fair value of the SARs per share at October was $ at October was $ and
at December was $ The company has recognised a liability for the SARs as at October
based upon IFRSSharebased Payment but the liability was stated at the same amount at
October
No employees were expected to or did leave during the years to
REQUIRED
Discuss the accounting treatment with supporting calculations of this event in the financial
statements of Ryder plc for the year ended October considering the implications of events
occurring after the end of the reporting period.
marks
