The International Financial Reporting Interpretations Committee (IFRIC) of the International Accounting Standards Board (IASB) has issued an Interpretation — IFRIC 11 IFRS 2—Group and Treasury Share Transactions. The Interpretation addresses how to apply IFRS 2 Share-based Payment to share-based payment arrangements involving an entity’s own equity instruments or equity instruments of another entity in the same group (eg equity instruments of its parent).