Question

Air France–KLM (AF) , a French company, prepares its financial statements according to International Financial Reporting Standards. AF’s annual report for the year ended March 31, 2011, which includes financial statements and disclosure notes, is provided with all new textbooks. This material also is included in AF’s “Registration Document 2010–11,” dated June 15, 2011 and is available at www.airfranceklm.com.

Required:
1. What is the amount that AF reports in its income statement for its stock options for the year ended March 31, 2011? [Hint: See Note 28: “Share-Based Compensation.”] Are AF’s share options cliff vesting or graded vesting? How does accounting differ between U.S. GAAP and IFRS for graded-vesting plans?
2. What amount(s) of earnings per share did AF report in its income statement for the year ended March 31, 2011? If AF used U.S. GAAP would it have reported EPS using the same classification?



$1.99
Sales3
Views1103
Comments0
  • CreatedDecember 23, 2013
  • Files Included
Post your question
5000