Balance Sheet Analysis Essay

958 Words4 Pages

Larsen & Toubro
Balance Sheet: • Weighted average share price at the date of exercise for stock options exercised during the period is 1452.14 (previous year: 1540.11) per share.
• In respect of stock options granted pursuant to the Company’s stock options schemes, the intrinsic value of the options (excess of market price of the share over the exercise price of the option) is treated as discount and accounted as employee compensation over the vesting period.
• Expense on Employee Stock Option Schemes debited to the Statement of Profit and Loss during 2012-13 is 85.41 crore (previous year: 156.73 crore) net of recoveries of 6.18 crore (previous year: 10.52 crore) from its group companies towards the stock options granted to deputed employees, pursuant to the employee stock option schemes. (Note N). The entire amount pertains to equity-settled employee share-based payment plans.
• During the year, the Company has recovered 12.44 crore (previous year: 31.51 crore) from its subsidiary companies towards the stock options granted to their employees, pursuant to the employee stock option

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