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To Securities Premium 2,87,100
(319 Emp x 24 Options x
Rs. 37.50)
To Balance c/d 66,080

11,20,580 11,20,580
Year 3
To Retained Earnings 672 By Balance b/d 66,080

[(297 - 295) Emp x 24 By Employees Benefit
Options x Rs. 14] Expenses A/c 33,712
To Share Capital By Bank A/c
(295 Emp x 24 Options 7,08,000 (295 Emp x 24 8,85,000
x Rs. 100) Options x Rs. 125)
To Securities Premium (295
Emp x 24 Options x Rs. 2,76,120
39)
9,84,792 9,84,792

Working Note:

Calculation of Securities Premium
Group I Group II Group III
Year 1 Year 2 Year 3
Exercise Price received per share 125.00 125.00 125.00
Value of service received per share, being the FV
of the Options 10.00 12.50 14.00
Total Consideration received per share 135.00 137.50 139.00
Less: Nominal Value per share (100.00) (100.00) (100.00)
Securities Premium per share 35.00 37.50 39.00

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