IAS 19



Companies, that have to prepare their financial statements according to the IFRS, have to measure the liabilities arises from employee benefits. This valuation is carried out according to rules laid down in the IAS 19 standard.

These liabilities can be thought of as a special form of the portfolio valuation. The portfolio in question in this case consists of the contracts between the company and the – current or former – employees. How to measure these liabilities and how to take into account them in the financial statements is regulated by the IAS 19.

ModelOffice Ltd. carry out the calcualtion according to the generally accepted actuarial principles. For calculation purposes we create an easy-to-use MS Office – VBA application, that can independently be used by the company later.