We calculate your employee benefit provision under IAS 19
Companies that prepare their financial statements under IFRS measure employee benefits under IAS 19 (who they are is explained in the guide “IAS 19 in the Czech Republic”). This calculation requires actuarial methods.
We offer
If you are interested, our actuaries, certified by the National Bank of Slovakia, will provide:
- Calculation of the provision
- Consultation on setting the actuarial assumptions
- Preparation of the necessary documentation
- Answers to any questions you may have
Employee benefits for which provisions are made
Typical examples of employee benefits for which provisions are made are:
- Financial benefit on retirement (old-age pension)
- Financial benefit on the award of a disability pension
- Financial benefit on reaching a life jubilee (milestone birthday)
- Financial benefit on a work jubilee (service anniversary)
References
ALAS SLOVAKIA, s.r.o.
Národná banka Slovenska
Branson Ultrasonics, a.s.
CEMMAC a.s.
Continental Matador Rubber, s.r.o.
Guides
- NÚR I-52 Employee Benefits: what the interpretation means for your financial statements: what an employee benefit is, when to recognise the liability, how to measure and present it.
- Retirement and jubilee bonuses: how often collective agreements include them, average amounts by length of employment (IPP 2025) and how to measure the liability.
- IAS 19 in the Czech Republic: who must apply it and how the actuarial valuation works: mandatory and voluntary use of IFRS under the Accounting Act, and the calculation method.
- New Czech Accounting Act: current status, effective date and mandatory IFRS: the status of the bill, the proposed effective date of 1 January 2028, who will have to use IFRS and what this means for employee benefits.