ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory
Share-based payments to employees, directors and others that provide similar services, which are settled in equity instruments of the Group, are measured at fair value on the grant date. On the grant date, the Company measures the fair value of the granted equity instruments by using the Black and Scholes model.
If the equity instruments granted to them have not vested until these employees and directors have completed a defined period of service, have met performance conditions or defined market conditions are met, the Company recognizes the share-based payment transactions in its financial statements over the vesting period against an increase in its shareholders' equity, under "Capital reserves" in respect of share based payments.
At each balance sheet date, the Company estimates the number of equity instruments that are expected to vest. Any change in the estimate relative to previous periods is recognized in the income statement over the remaining vesting period.