NO.PZ2023040501000172
问题如下:
An analyst is building a financial statement model for SKI andprojects share-based compensation expense to be 10% of revenues next fiscalyear. Based on the following assumptions, the analyst’s estimated basic sharecount for SKI will increase by how many shares next fiscal year?
RevenuesFY2025E = SGD 506 million
Weighted-averagegrant-date fair value per share of vesting RSUs = SGD 46.36
Forfeitures=0 shares (the analyst’s share-based compensation expense is net offorfeitures).
选项:
A.
1.1 million
B.
1.3 million
C.
10.9 million
解释:
A is correct. Share-based compensation expense is estimatedto be SGD 506 million x 0.10 = SGD 50.6 million. The expense is recognized uponvesting (which for RSUs is coincident with settlement). The number of sharesissued and therefore increasing basic shares outstanding is SGD 50.6 million /SGD 46.36 = 1.1 million shares.
明年的compensation expense是50.6million,用它除今年的平均价格是什么意思呢?