text: **2. Significant Accounting Policies (continued)**
  
  The cost of equity‑settled transactions is recognized, together with a corresponding increase in contributed surplus in equity, over the 
  period in which the performance and/or service conditions are fulfilled. The cumulative expense recognized for equity‑settled transactions 
  at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Company’s best estimate of 
  the number of equity instruments that will ultimately vest. The movement in cumulative expense recognized at the beginning and end of a 
  period is recognized in administration expense. 
  
  Where the terms of an equity‑settled transaction award are modified, the minimum expense recognized is the expense as if the terms had 
  not been modified, if the original terms of the award are met. An additional expense is recognized for any modification that increases the 
  total fair value of the share‑based payment transaction, or is otherwise beneficial to the employee as measured at the date of modification. 
  
  Where an equity‑settled award is cancelled, it is treated as if it vested on the date of cancellation, and any expense not yet recognized for 
  the award is recognized immediately. This includes any award where non‑vesting conditions within the control of either the entity or the 
  employee are not met. However, if a new award is substituted for the cancelled award, and designated as a replacement award on the 
  date that it is granted, the cancelled and new awards are treated as if they were a modification of the original award, as described in the 
  previous paragraph. 