A B c According to FRS 2 Share-based Payment, there is a difference between equity- settied transactions and cash-settled transactions. Briefly explain the difference between these two types of share-based payment transactions (3 marks) Based on equity-settled transactions for transacting with employees, explain how a company determines the fair value of the equity instruments granted (3 marks) Karlovy Bhd granted 20 share options per employee to 100 employees on 1 January 2008 Each option has a fair value of RM15 at the date of the grant. These options vest at the end of a three-year period. Karlovy Bhd expected 10 employees to leave in 2008 and another 4 employees to leave in 2009. The actual number of employees that left the company was 5 in 2008 and 5 in 2009. The company's financial year ends on 31 December each year. Required: Determine the amount of expenses to be charged to the Income Statements and the amount of equity reserves for the Balance Sheets for the years 2008, 2009 and 2010 (Assume no employees leave the company in year 2010), (9 marks)