Corporate Valuations

The corporate sector requires a range of valuations to cater for the following standards:

• AASB 6    Exploration for and Evaluation of Mineral Resources.

There are significant tax allowances available for the above. See also our article on AASB 6

• AASB 116    Property Plant and Equipment.

Expertise is available for both real estate and plant and equipment, which obliterates the need to employ several valuers for the task.

• AASB 137    Provisions, Contingent Liabilities and Contingent Assets.

This concerns the future liabilities of quarries and landfill sites for restoration and after care proposals.

• AASB 138    Intangible Assets.

This involves any assets that are either State or privately owned and the value of the working or extraction rights need to be quantified.

• AASB 1041    Revaluation of Non Current Assets.

• IVS (GN14)    Valuation of Properties in the Extractive Industry.

This determines the standards required to perform extractive industry valuations.

• IAS 36    Impairment of Assets.

Company book values quickly become out of date, and require revaluations to maximise depreciation / obsolescence claims.