IAS 19 governs how an employer recognises the cost of employee benefits — principally end-of-service indemnities, defined benefit pension promises, and other long-term employee benefits — as a liability on the balance sheet and an expense in profit or loss, rather than only when cash is paid out. That means estimating, today, the present value of benefits employees have earned so far, using assumptions about salary growth, discount rates, turnover and mortality.
Calculation of the defined benefit obligation and current service cost.
Financial and demographic assumptions — discount rate and salary growth modelling.
Roll-forward calculations and movement analysis between reporting dates.
Sensitivity testing on key actuarial assumptions.
• Auditor-ready disclosures and reporting
• Executive summaries for senior management
• Bilingual actuarial report
• Excel calculation model
Our actuarial reports are prepared in accordance with internationally recognised best-practice actuarial standards and are fully acceptable to external auditors and regulatory authorities.