Question 1 Jack and Jill AB granted 200 options on its ordinary shares of no par value to each of its 800 employees on 1

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Question 1
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:
The exercise price of the options
wasGH¢1.50 and the market value of a Jack and Jill AB share on
1January2011 was GH¢3.00
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. (10 Marks)
Question 2
(a) The statement of financial position of three companies as at
31 December 2017 showed the following position.
Accra Ltd
GHC
Tema Ltd
GHC
Kumasi Ltd GHC
Non-Current Assets
Property Plant & Equipment
420,000
410,000
400,000
Investment
480,000
150,000
-
900,000
560,000
400,000
Current asset
Inventory
150,000
120,000
100,000
Trade receivables
200,000
150,000
130,000
Bank balances
100,000
50,000
20,000
450,000
320,000
250,000
Total Asset
1,350,000
880,000
650,000
Equity and Liability
Stated Capital
Ordinary Shares (atGHC1 each)
500,000
200,000
100,000
Preference Shares (at GHC1 each)
200,000
150.000
20,000
Income Surplus
150,000
100,000
80,000
Capital Surplus
230,000
80,000
50,000
1,080,000
530,000
250,000
Non – Current Liabilities
30% Bonds
100,000
120,000
50,000
Current Liability
Trade Payable
100,000
150,000
300,000
Income Tax
70,000
80,000
50,000
Total Equity and Liability
1,350,000
880,000
650,000
Additional information
Required:
Prepare the consolidated statement of financial
position as at 31 December 2017 for Accra Ltd and its subsidiaries
in accordance with the relevant IFRS.
(20marks)