Valuation / Appraisal
We are fully licensed to carry out appraisal activitiesin accordance with Act No. 36/1967 Coll. On Experts and Translators, as amended.
We also have significant experience with the fair value assessment required by IFRS. Our appraisal reports are accepted by Czech courts.
Valuation during acquisitions, mergers and other restructuring
We prepare expert opinions for you in these areas:
- Mergers
- Transfers of assets to the main shareholder
- Divisions
- The separation of part of the assets
- Changes of legal form
Valuation for IFRS
International financial reporting standards (IFRS) currently uses the “fair value” (the real value of the valuated property), i.e. the valuated property can be obtained at the given time in the given location for the given value. This substantial change leads to a more transparent and conclusive reporting of the accounting, but it places higher demands on companies due to the demonstration of the correct determination of the real prices.
We provide these services to our clients:
- The preparation of a financial model according to which the regular revaluation is carried out;
- Services of the regular revaluation of the company’s assets for the proper assessment of decreases to the value of the assets (impairment);
- Reporting assets in annually updated real values;
- Consulting regarding the solution of complications arising from the different reporting of these complex transactions according to Czech accounting standards and IFRS
Determination of prices during transactions between connected entities
In this area we primarily focus on the preparation of expert opinions pursuant to the provisions of Section 196a of the Commercial Code, which regulates the transfer of property between connected entities. These provisions relate to all transfers of property between connected entities in the amount of at least one tenth of the subscribed authorised capital. During this transaction the value must be verified by an expert opinion from an expert named by a commercial judge, and the methodology for specifying the transfer prices should be based on the recommended OECD guidelines.
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06 April 2009
Product sheet of Valuation / Appraisal Institute of Mazars in the Czech Republic.
- Copyright 2010 - Mazars - Czech Republic
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- Copyright 2010 - Mazars - Czech Republic
