Hvornår får vi nok af IFRS 2?

Morten Rafn

Student thesis: Diploma thesis


Since the implementation of the IFRS-standard in 2005 on share-based payments the users of financial reporting have seen a great increase in corporate external reporting quality. The user’s have seen a standardized reporting format on this complex subject both of nature and of the interest hereof from investor’s as well as societies in general. However, it has been several years since the original implementation of IFRS 2 standard on share-based payments and is the standard still up to date covering the investor’s requirements in 2021? A way to answer this question is to focus on the presentation and disclosure of share-based payments of the companies in the elite stock index of Nasdaq OMX Copenhagen. The nature and complexity of the accounting of share-based incentive programmes is presented in the paper, however, it is the presentation and disclosure of said programmes in the companies external reporting that is analyzed. Furthermore, the users of financial reporting were subject to discussion. The requirements of mentioned users were identified and compared to the results of the analysis. To question whether the companies reporting was adequately presented to match the user’s requirements the paper introduces articles with comments from major Danish shareholders as well as theory on financial reporting and the fairly new EU Directive 2017/828. The results of the analysis gave an impression of a general high level of quality among the C25 companies in regard to reporting of this complex subject in the annual reports. It was further found that there are differences in how much the companies inform the users in the reports as some companies were found to not disclose matters according to the IFRS. Overall, when the analysis and the discussion were interrelated, it was concluded that the IFRS on share-based payments were not sufficient to inform the users to their requirements. However, as the IFRS is now complemented by remuneration reports from the EU Directive, it was found that the IFRS 2 does not necessarily require an update as the information that the users wanted is now disclosed in mentioned remuneration report.

EducationsGraduate Diploma in Accounting and Financial Management, (Diploma Programme) Final Thesis
Publication date2021
Number of pages71