FINANCIAL REPORTING VALUATIONS
At MitchellMunn, we provide expert machinery appraisal and plant and machinery valuation services. Our team of accredited plant and machinery valuers have experience across a broad range of industry sectors and all kinds of plant and machinery.
Plant and machinery valuation services include identifying and describing the equipment, determining price and establishing value using a range of methodologies including direct sales or market comparison, depreciated replacement cost, and income-based approaches.
We offer plant and equipment valuations for a range of purposes including insurance, mergers and acquisitions, financial reporting, tax requirements and more.
Whether you need valuation on a single piece of machinery or across an entire mining or manufacturing operation, MitchellMunn can provide the expert valuation services you require.
Companies complying with International Financial Reporting Standards are required to report their financial position in a transparent manner so that property, plant and equipment are consistently stated at fair value. Supportable and cost-effective plant and machinery valuation information enables your accountants to accurately and efficiently prepare your financial statements in compliance with IAS 16 and AASB 116 Property, Plant and Equipment and AASB136 impairment of assets.
IAS16 AND AASB116 PROPERTY, PLANT AND EQUIPMENT: MEASUREMENT OF FIXED ASSETS AT FAIR VALUE
The objective of IAS 16 is to prescribe the accounting treatment for property, plant, and equipment. The principal issues are the timing of recognition of assets and the determination of their carrying amounts in accordance with fair value guidelines.
AASB136 IMPAIRMENT OF ASSETS
AASB 136 requires an entity to make a realistic assessment of the future economic environment and its ability to recover its investments in tangible and intangible assets at each period end date. The spirit of the standard is to ensure that assets are not carried in the balance sheet at an amount above what the entity expects to recover from the assets future use.
GET IN TOUCH
We are based in Melbourne. Our valuers provide advice on a local, national and international basis. We do business where you do business, no matter how large or how small your business. Please contact us to discuss your valuation requirement