GREY:IPHAF - Post by User
Post by
stockman6on Jun 06, 2002 3:59pm
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Post# 5185542
Teevee.........
Teevee.........Can you comment on what you think of the following policy?
Stock Based Compensation
Effective January 1, 2002, the Company adopted a new accounting standard issued by the Canadian
Institute of Chartered Accountants (“CICA”) relating to stock-based compensation and other stock-based
payments. This new standard requires either the recognition of compensation expense for
grants of stock, stock options and other equity instruments to employees, or, alternatively, the
disclosure of pro forma net earnings and net earnings per share data as if stock-based compensation
had been recognized in earnings. The Company has elected to disclose pro forma net earnings and
earnings per share data for options granted after January 1, 2002. Therefore, there is no effect of
adopting this standard on the Company’s results of operations and financial position.