IFRS 2 - SHARE BASED PAYMENT

In a competitive landscape, attracting, retaining, and motivating top talent is paramount. Lux is proud to introduce a comprehensive suite of advisory services designed to optimize your employee incentive plans, ensuring they align with your strategic objectives and regulatory requirements. As a company licensed by the Securities and Commodities Authority (SCA) in the UAE to perform financial consulting and advisory services, Lux Actuaries provides end-to-end support, from initial scheme design to ongoing administration and financial reporting, enabling you to unlock the full potential of your workforce and drive sustainable growth with the confidence of regulatory compliance and market competitiveness.

We assist with:

• IFRS 2 Valuation & Reporting: Annual Actuarial valuation reports, using the Black-Scholes model, provide accurate valuations and transparent financial reporting.
• Strategic Scheme Design & Implementation: Craft tailored plans, ensuring regulatory compliance and competitive advantage.
• Scheme Review & Optimization: Enhance existing plans with data-driven insights and strategic adjustments.
• Scheme Administration: Simplify plan management with expert record-keeping and compliance.

Why choose Lux?

• SCA Licensed & Regionally Focused: Trust our expertise with full SCA licensing and deep understanding of the UAE and Saudi, and GCC market regulations.
• Complete, End-to-End Service: From initial scheme design to ongoing administration and accurate IFRS 2 valuations, we handle it all.
• Truly Customized Strategies: Tailored incentive plans (ESPPs, ESOPS, RSUs, performance shares) designed to align perfectly with your unique business goals.
• Data-Driven, Expert Optimization: We leverage regional benchmarking and industry best practices, backed by experienced HR professionals, to maximize your plan's effectiveness.
• Precise IFRS 2 Valuations & Reporting: Our experienced financial team ensures accurate valuations and comprehensive reporting, guaranteeing compliance.
• Serving All Business Sizes: We provide expert support to both startups and large listed companies, adapting our services to your specific needs.

IAS 19 - EMPLOYEE BENEFITS

Lux performs actuarial valuations of employee benefits, in accordance with several Reporting Standards, including IAS 19 (IFRS), ASC 715 (US GAAP), and others, for many clients. These various reporting standards are all similar. Scroll down for FAQs.

Our results are presented in an extensive Actuarial Report and are prepared to meet international accounting and actuarial standards for employee benefits. They are also presented in the same format as Financial Statements, making it easy for accountants and auditors to review and adopt.

The specific scope of our valuations includes:

Collation, reconciliation and validation of employee payroll data

Engagement with the client to agree the actuarial assumptions

Calculation of the actuarial cost of liabilities, expected costs for the following year and sensitivity analysis

Conclusions and recommendations, being mindful of the client’s particular circumstances and specific requirements

Provision of an employee-wise breakdown of the liability, in MS-Excel format

For free ias 19 valuation reports, for companies up to 200 employee size, please go to ias19.com and enter the required information. Accountants and other service providers are welcome to use this service.

FAQ’s