WHAT WE DO
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+971 4 876 8530Email:
info@luxactuaries.com
We deliver accurate, IFRS-compliant actuarial valuations of employee benefits. Our qualified actuaries handle the technical complexity of IAS 19 so you can focus on running your business.
An IAS 19 actuarial valuation measures an organisation's obligations for employee benefits such as gratuity, pensions, and post-employment medical care. Qualified actuaries use the Projected Unit Credit method to calculate the present value of these future liabilities for inclusion in IFRS-compliant financial statements.
IAS 19 requires organisations to recognise the cost of employee benefits in the period they are earned, not when they are paid. This creates actuarial obligations that need qualified expertise to measure properly.
Our results are presented in a comprehensive, accessible Actuarial Report designed to meet international accounting standards. The findings mirror the format of your Financial Statements, so your finance teams and external auditors can review and adopt them without friction.
Discuss your reporting requirements and audit timelines.
Client Manager
Marius van Rensburg
From scoping to audit sign-off, we handle every step of your IAS 19 valuation.
We start by understanding your benefit structure, employee demographics, and reporting requirements.
Our actuaries select and document financial and demographic assumptions based on market data, historical experience, and IAS 19 requirements.
Using the Projected Unit Credit method, we model each employee's benefit entitlement, project future cashflows, and discount to present value.
We test how changes in key assumptions affect the results, giving you a clear picture of risk for financial planning.
We prepare valuation reports and audit-ready IFRS disclosure schedules that meet all IAS 19 requirements.
We work directly with your auditors to address queries, explain methodology, and get the IAS 19 figures signed off.
IAS 19 is the international accounting standard that sets out how to account for employee benefits, including end-of-service benefits, pensions, and post-employment medical care. An actuarial valuation measures these liabilities so they can be accurately reported in the financial statements.
IAS 19 requires the Projected Unit Credit method and complex assumptions for discount rates, salary growth, and employee turnover. Qualified actuaries have the mathematical expertise to perform these calculations to a standard that auditors will accept.
Most organisations need a full IAS 19 valuation annually for their financial statements. Interim updates may be needed if there are material changes to the workforce, benefit plans, or market conditions during the year.
Get in touch for independent, accurate, and audit-ready employee benefit valuations under IAS 19.
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