On January 1,2019, an entity granted 15,000 share options to its employees. The share options will vest at the end of three years provided the employees remain in the service. The option price is P 60 and the entity's share price on the date of grant is also P 60. The par value of each share is P 50. At the date of grant, the entity concluded that fair value of the share options cannot be reliably determined. The options can be exercised within 3 years from the vesting date. All share options vested at the end of three years and no employees left during the three-years and no employees left during the three-years vesting period. The share prices and the number of share options exercised at year end are as follows: Share price Options exercised 2019 P 63 2020 66 2021 76 2022 88 5,000 2023 100 7,500 2024 90 2,500 What is the amount of compensation expense for the year 2021?
On January 1,2019, an entity granted 15,000 share options to its employees. The share options will vest at the end of three years provided the employees remain in the service.
The option price is P 60 and the entity's share price on the date of grant is also P 60. The par value of each share is P 50. At the date of grant, the entity concluded that fair value of the share options cannot be reliably determined. The options can be exercised within 3 years from the vesting date.
All share options vested at the end of three years and no employees left during the three-years and no employees left during the three-years vesting period. The share prices and the number of share options exercised at year end are as follows:
Share price Options exercised
2019 P 63
2020 66
2021 76
2022 88 5,000
2023 100 7,500
2024 90 2,500
What is the amount of compensation expense for the year 2021?
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