We provide motivated valuations of property, plant and machinery for this purpose and can also assist with all IFRS (International Financial Reporting Standards) requirements.
Market Valuations may be needed for the following reasons:
A well-motivated valuation report enables you, the client, to make sound decisions in your business or generally with regard to any of your asset matters.
In addition, we also assist clients with the Internal Financial Reporting Standards (IFRS) requirements whereby land and building assets may need to be apportioned for depreciation purposes. We further assist with componentisation of the assets both under buildings and plant.
LAND AND BUILDINGS
The estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.
PLANT AND MACHINERY
Value of Plant and Machinery to the Business (VPMB)
An opinion of the price at which an interest in the plant and machinery utilised in a business would have been transferred at the date of valuation, assuming:
Market Value in Situ
The estimated amount for which an asset (as a whole in its working place) should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.
These will be assessed on the basis of the average of Trade/Retail Values as outlined within the latest edition of the Auto Dealers’ Guide, with adjustments for condition and odo readings.