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. If you are also transitioning to the UAE EOSB Alternative Savings Scheme under Cabinet Resolution 96, our advisory team at LAFC handles the transition analysis while we handle the ongoing IAS 19 compliance.
Discuss your reporting requirements and audit timelines.
Client Manager
Marius van RensburgFrom 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.
Whether you stay with traditional gratuity or transition to the alternative savings scheme under Cabinet Resolution 96, you still need an IAS 19 valuation for financial reporting. The valuation covers your legacy gratuity liability for past service and any ongoing obligations. Our advisory team can handle both the transition analysis and the IAS 19 compliance.
We derive the discount rate from high-quality corporate bond yields at the duration matching your liability. For UAE valuations we reference UAE government bond yields. For KSA we reference Saudi Sukuk yields. The discount rate materially affects the reported liability, so we document our methodology and sources for auditor review.
Yes. We regularly perform valuations for groups operating across the UAE, Saudi Arabia, Egypt, Jordan, Kenya, and other markets. Each jurisdiction has different labour law requirements for end-of-service benefits, and we adjust the benefit formula and assumptions accordingly.
Get in touch for independent, accurate, and audit-ready employee benefit valuations under IAS 19.
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