How do you calculate end of service provision under IFRS?

Under IFRS, end of service provision is calculated based on the present value of expected future payments to employees upon termination of their service. This involves estimating the amount of benefits payable, considering factors such as salary, length of service, and any applicable legal or contractual obligations. The projected cash flows are then discounted using a suitable discount rate, typically reflecting the yield on high-quality corporate bonds. Additionally, actuarial assumptions about employee turnover, mortality, and future salary increases may also be factored into the calculation.