We are currently working on the development of an Australian extension to the IFRS taxonomy. The Australian version of IAS24 adds a complete set of additional disclosures for each Key Management Person (KMP). Where IAS requires disclosure of the compensation details in aggregate, we are required to show these by KMP.
In addition there are detailed disclosures required for:
- Principles of Compensation
- Modification of Terms of Share-based Payment Transactions
- Equity Instruments
- Different Classes to be Separately Identified
- Options and Rights Provided as Compensation
- Equity Instruments Provided on Exercise of Options and Rights Granted as Compensation
- Options and Rights Holdings
- Equity Holdings and Transactions
- Other Transactions and Balances
These are supposed to be disclosed for each KMP but sometimes some license is taken and disclosures are made for all as the same applies to all. An example of the latter might be details of options exercised during the period. The table normally shown has the details per KMP except for the price, which is dislcosed in a paragraph at the foot of the table because all KMPs who exercised options on the same data did so at the same price. Humans can understand this but computers will not be able to attach the price to an individual KMP.
I am asking for some suggestions on how to model all of this in XBRL. I can see two possible options, but there may be others.
If you want to read the standard to see the details you can download a PDF (114KB) of it from this link.
 The required details are all at the end in paragraphs Aus 25+.
Another concern is that some are remuneration disclosures and some are transactions disclosures related to remuneration. Some of the latter might fit the Related Parties Transactions tuple but I am wondering whether it would be better to keep all of this logically together rather than keep things in different places.
We considered if there is anything in IFRS2 Share Based Payments that duplicates or replaces anything for KMPs required to be disclosed in AASB124 paragaphs Aus25+. The response from the AASB was that the disclosure requirements in AASB 2 (IFRS 2) are for all employees, not just KMP. Some of the disclosures in each of the Standards (AASB 2 and AASB 124) are of the same type, but they are not precisely the same. So, unfortunately there are no economies to be had here in their view.
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