2014 Registration Document and Annual Financial Report - page 231

5
Financial Statemements
Consolidated Financial Statements and Notes
The cost of the performance share plan – corresponding to the fair
value of the share grants – amounted to €16.6 million at June 18,
2014 and is being recognized on a straight-line basis over the vesting
period under “Employee benefits expense” with a corresponding
adjustment to equity. The fair value of the share grants was
measured as the Accor opening share price on the grant date less
the present value of unpaid dividends multiplied by the number of
shares granted under the plan.
At December 31, 2014, the 2014 performance criteria had substantially
been met. The cost of this plan recorded in 2014 amounted to
€4.0 million.
Cost of share-based payments recognized
in the accounts
The total cost recognized in profit or loss by adjusting equity in respect
of share-based payments amounted to €10.0million at December 31,
2014 when it amounted to €13.5 million at December 31, 2013 of
which €2.7 million due to changes in the Executive Management.
NOTE 27
FAIRVALUE ADJUSTMENTS ON FINANCIAL INSTRUMENTS RESERVE
Fair value adjustments on financial instruments reserve break down as follows:
(inmillions of euros)
2013 Adjusted
2014
Interest rate and currency swaps
(0)
(0)
Fair value adjustments to non-consolidated investments
(4)
(5)
TOTAL FAIRVALUE ADJUSTMENTS ON FINANCIAL INSTRUMENTS RESERVE
(4)
(5)
Changes in this reserve break down as follows:
(inmillions of euros)
2013 Adjusted
2014
CASH FLOW HEDGES
4
0
Gains (losses) recognized in Equity during the period
4
0
Gains (losses) reclassified to profit or loss
-
-
AVAILABLE FOR SALE FINANCIAL ASSETS
(4)
(2)
Gains (losses) recognized in Equity during the period
(4)
(2)
Gains (losses) reclassified to profit or loss
-
-
CHANGES IN FAIRVALUE ADJUSTMENTS ON FINANCIAL INSTRUMENTS RESERVES
0
(2)
Registration Document 2014
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