FRS 20 (IFRS 2) Share-based Payment
Published April 2004. Effective 1 January 2 for listed companies and 1 January 2006 for unlisted companies (other than those applying the Financial Reporting Standard for Smaller Entities (FRSSE).
FRS 20 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:
Synopsis
FRS 20 is the equivalent of IFRS 2. It requires share-based payments to be recognised in the financial statements at fair value, based on the value of the entity’s shares or the value of the goods and services received.
The scope of FRS 20 includes employee share options, transactions in which shares or other equity instruments are issued in return for goods and services, and transactions where the payment amount is based the on the price of the entity’s shares.
Last updated 21 June 2015
