In an era of evolving financial reporting requirements, increasing cross border investments and increasing audit and regulatory scrutiny, it is necessary to rely on an independent valuation partner to provide objective, supportable conclusions of value that comply with Accounting and Valuation Standards. At BMCL, we assist many Local and Multinational Corporations and Fund houses to efficiently manage their financial reporting Valuation of Fixed Assets. We offer a mix of technical and financial expertise and keep current on developments in Financial reporting methods under IndAS.

The purposes for these include:

• IndAS-16 and 113: Fair Value estimate of Property Plant and Equipment (PPE) for first time Adoption of IndAS/ IFRS and for those adopting Revaluation Model
• Assessment of Componentization: This is required to assess the life of each major component including Useful Life Study of Assets.
• Fair Value of Investments in Non-Current assets such as unlisted equity shares, Debentures, Security Receipts etc.
• IndAS-40: Valuation of Investment Properties for disclosure in Annual Reports
• IndAS-36: Impairment Testing: Financial accounting and reporting requires an analysis of impairment review of tangible assets as and when circumstances indicates that there is a diminution in the valuation of tangible assets as compared to its carrying cost. An individual tangible asset may be tested for impairment at a cash generating unit (“CGU”) level where independent cash flows cannot be attributed to a single asset. The carrying value of the tangible asset/CGU is compared to its recoverable amount – Fair Value less Cost of Disposal to determine whether the asset or CGU is impaired or not.