Skip to content (Press enter)
Show Sections

Final stage

On 12 December 2013, the International Accounting Standards Board issued Annual Improvements to IFRSs 2010—2012 Cycle. The amendments have an effective date of 1 July 2014, but earlier adoption is permitted.


The IASB identified the need to clarify the definition of 'vesting condition' in IFRS 2 to ensure the consistent classification of conditions attached to a share-based payment. Previously, this IFRS did not separately define a 'performance condition' or a 'service condition', but instead describes both concepts within the definition of 'vesting condition'.

The IASB decided to separate the definitions of a 'performance condition' and a 'service condition' from the definition of a 'vesting condition' and thus make the description of each condition clearer.

Related IFRS Standards

IFRS 2 Share-based Payment