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Air FranceKLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AFs

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Air France–KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF’s financial statements and disclosure notes for the year ended December 31, 2017, are available in Connect. This material is also available under the Finance link at the company’s website (www.airfranceklm-finance.com). 


Required: 

1. AF provides share-based compensation in the form of PPSs, Phantom Performance Shares.  Recipients receive compensation in what form?  Are such plans reported in the balance sheet as (a) assets, (b) liabilities, or (c) equity?

2. Are AF’s PPSs cliff vesting or graded vesting?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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