Asset valuation and management

As one of the leaders on the valuation market, FBK provides valuation services which are in great demand. But we are also constantly developing the new services needed to meet our clients’ requirements in an optimal fashion. And as a diversified company, FBK is able to draw on the extensive the experience of our consultants in accounting, audit, taxation, law and international reporting etc. in providing our valuation services.

With more than 10 years of experience in valuation, we have accumulated a unique body of knowledge in different sectors, allowing us to tackle the most complicated and unusual problems. FBK has provided valuation services on countless occasions to the oil and gas, mining, food-processing, telecommunications, metallurgical, engineering and rail sectors. With several hundred implemented projects under our belt, we can guarantee our clients the validity of our estimates.

Business valuation

Business valuation is a necessary step in the development of every company. It is necessary for business acquisitions or sales, mergers and acquisitions, security issues, corporate planning, pledges of shares, transfers of shares into trust management and transfers of shares as a contribution to charter capital, as well as for the creation or disposal of subsidiaries as part of business restructuring, external management or bankruptcy administration, evaluation of the company management’s performance etc.

Business valuation includes determining the cost of the following:
   
>  Joint-stock company’s shares/block of shares

>  Share/interest in the authorized capital of the enterprises of other forms of incorporation

>  Derivative securities (options)

>  Property portfolios

>  Rights of claim and other rights

FBK’s experts have over 10 years’ experience in business valuation, allowing us to accumulate unique expertise in the business valuation of companies operating in various sectors and industries. This is one of the pillars of our success and enables us to take into account the individual features of the client’s business and conduct the objective evaluation necessary for managerial decision making.

Valuation for reporting compliant with IFRS and US GAAP

Valuation for generating reporting in compliance with IFRS and US GAAP is one of FBK’s newer services, but one which is nevertheless already in great demand. In just a few years working in this field, FBK has already accumulated extensive experience and developed methodologies which are recognised by the leading Western auditors. 
  
>  Asset valuation on first-time IFRS application (IFRS 1)

>  Division of value in the acquisition of a company according to IFRS and US GAAP (IFRS 3 / SFAS 141)

>  Valuation of a company’s fixed assets for IFRS-compliant reporting (IFRS 16)

>  Valuation of intangible assets for IFRS and US GAAP-compliant reporting (IFRS 38 / SFAS 142)< LI>

>  Analysis of depreciation (IFRS 36 / SFAS 144)

Valuation of intangible assets

The valuation of intangible assets is primarily a question of valuing a company’s intellectual property, including:
   
>  patents, licenses, certificates for industrial property assets (inventions, utility models, industrial prototypes, trademarks and service marks, commodities’ places of origin etc.)

>  know-how

>  certificates of authorship for scientific, literary and art works, software, databases etc.

Intellectual property valuation is necessary to include intangible assets in the enterprise’s authorised capital when negotiating purchase and sale contracts and concluding licensing agreements for the right to exploit intellectual property, as well as for determining compensation etc. Objective information concerning the asset’s actual value is essential for managerial decision-making.

Valuation of immovable and movable assets

Real estate and movable assets are some of the most active areas for valuation services, which are necessary when acquiring or selling such assets or when using them as a contribution to the authorized capital and pledge or for insurance purposes etc.

These assets can include the office, manufacturing and warehouse buildings and facilities, installations, infrastructure, machines and capital equipment, vehicles, office appliances and furniture. FBK offers its clients valuation services for all kinds of real estate and movable assets, employing methodologies approved by Russia’s leading companies and banks.

Our valuation experts have accumulated a great deal of information on the real estate market, as well as on the machinery and equipment market, and constantly analyse market conditions. In our practical work, we employ original methodologies and algorithms, including numerous in-house mathematical models of economic processes. FBK can therefore provide high-quality valuation services for any immovable or movable assets.

Asset revaluation in accordance with RAS requirements

Russian companies can revalue their assets annually, so FBK also offers services to determine the replacement value of assets to revalue them in accordance with Russian Accounting Standards. FBK has revalued the fixed assets of several leading Russian companies.

Our experts have developed a unique method for the valuation of large amounts of fixed assets which we have tested many times. We have shown its effectiveness and used it to implement major projects for our customers within compressed timeframes.

The practical experience accumulated by the experts at FBK’s Valuation Department allows us to employ our own know-how with great success. In addition, our experts frequently publish in professional journals, writing about our valuation expertise and experience and covering a wide range of studies and areas, including some of the more neglected aspects of valuation.