IFRS-2 – Share-based Payment :

Entities often grant shares or share option to employees or other parties. An entity shall recognize the goods or services received or acquired in a share-based payment transaction when it obtains the goods or as the services are rendered. The entity shall recognize a corresponding increase in equity if the goods or services were received in an equity- settled share-based payment transaction, or a  liability if the goods or services were acquired incash settled share based payment transaction. When the goods or services received or acquired in a sharebased payment transaction do not qualify for recognition as assets, they shall be recognized as expenses. For equity settled share based payment transactions, the entity shall measure the goods or services received, and the corresponding increase in equity directly, at the fair value of the goods or services received, unless that fair value cannot be estimated reliably. For cash-settled share-based payment transactions, the entity shall measure the goods or services acquired and the liability incurred at the fair value of the liability. For share-based payment transactions in which the terms of the arrangement provide either the entity or the counterparty with the choice of whether the entity settles the transaction in cash (or other assets) or by issuing equity instruments, the entity shall account for that transaction, or the components of that transaction, as a cash-settled share-based payment transaction if, and to the extent that, the entity has incurred a liability to settle in cash or other assets, or as an equity settled share-based payment transaction if, and to the extent that, no such liability has been incurred.