End of service benefits (EOSB) Valuation

End of service benefits (EOSB) is critically dependent on a wide variety of conditions. Owing to which the amount and timing of End of service benefits (EOSB) pay-outs are unpredictable. Therefore, it is critical that liabilities remain consistent with regulatory requirements and, at the same time, mitigate risk in this environment of uncertainties.
We have excellent experience evaluating the End of service benefits (EOSB) program for the UAE & middle east region companies under the Gulf Labor Laws. Our team of experts knows the expectations of the client and has a firm hold on local and accounting laws related to employee compensation.

Badri End of service benefits (EOSB) Valuation

Badri provides End of service benefit (EOSB) actuarial valuations according to US GAAP and International Accounting Standard 19 (IAS 19) for various companies.

  • An actuarial valuation of the End of Service (EOS) benefit liabilities as at the balance sheet date that will assist the auditors in the report;
  • Estimation of the charge to P&L and Other Comprehensive Income (OCI) for the current year;
  • Calculation of the estimated expenditure for the following financial year can be used for budgetary and interim reporting purposes.
EOSB Valuations

How can we help you?

Badri Consultancy is an actuarial consulting company that facilitates the fulfillment of financial reporting criteria under International Financial Reporting Standards by conducting actuarial evaluations of employee benefits, including EOSB and other benefits listed under IAS 19.

  • Actuarial valuations to determine the financial effects of the implementation of new schemes and systems or the various advantages of existing schemes (including one-time and recurring costs);
  • Funding actuarial valuations for the assessment of surplus/deficit, evaluating the suitability of the existing unfunded plan, and suggesting adjustments if necessary.
  • Assistance in selecting the benefits that are acceptable to the company’s goals, standards, and cost constraints.
  • Assistance in the designing of an appropriate plan for the funding of start-up or benefit modification costs.
  • Preparing cash flow estimates for employee benefit plans to support companies in the control of cash flow and budgeting.
  • Prudent advice on the suitability of investment strategies adopted by financed schemes in the various approved instruments by evaluating their yields and accounting for cash flow criteria for benefit payments, etc.
  • The actuarial valuation is based on the IAS-19 and US GAAP rules, including financial reporting to the Board of Directors and the firms’ management.
  • Actuarial valuation of other miscellaneous activities, including termination of the fund/scheme, transfer of staff, merger of funds/schemes.

End of service benefits Saudi Arabia: Actuarial valuation of EOSB has now become mandatory for all the companies in Saudi Arabia after IFRS is implemented in the country.

End of service benefits UAE: New legislation, which was introduced on 1 July 2016, states that companies operating within the UAE are required to prepare their financial statements in compliance with IAS-19, including the Actuarial valuation of EOSB

Badri Consultancy is the leading actuarial services provider to many companies in the UAE & middle east region. We provide a wide range of actuarial services, including actuarial valuation of End of service gratuity and many more as per requirements.

EOSB-Valuation Form