Scrip fiction.

Australasian Business Intelligence, March, 2006

Byline: Stuart Washington

Mar 16, 2006 (BRW - ABIX via COMTEX) -- Austar's CFO, Philip Knox, has commented on accounting standards under the International

Financial Reporting Standards (IFRS). At Austar's company results announcement on 22 February 2006, Knox announced a cost of $A2 million for the share-based payments to 13 senior executives of the pay TV company. Austar used Deloitte to value the options and KPMG audited its accounts. However, it is

interesting to note that based on the volatility of Austar's sharemarket performance, the options were valued at a price significantly below the $A0.3755 issue price. In a wider context, there has been...

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