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Key Questions
- How complex is the transaction/structure/business unit?
- Is your company prepared to accept the risk of challenge on valuations by preparing valuations in-house?
- Does your accountant, tax adviser or auditor have sufficient skills and independence to prepare a valuation acceptable to the ATO and/or ASIC?
- Does your adviser have the experience to prepare a valuation which will not be challenged by the authorities?
- Are you prepared to take the risk of challenge and possible penalties for inadequate valuations?
- Does your adviser have an understanding of how valuations prepared for different purposes interact with each other?
- How will the market perceive a valuation performed in-house or by a related party?
- Will the preparation by your advisers improve your understanding of the valuation processess involved and all the complexities?
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How we can help
Leadenhall's independence and expertise is recognised by those authorities that matter.
Leadenhall explains valuation processes and methodologies to you in a pragmatic way so that the end result is not just the production of a number but an understanding of how the numbers work and what drives value and the valuation.
Leadenhall understands, and is experienced in dealing with, valuation issues arising from tax and corporate legislation. Leadenhall has undertaken purchase price allocation and goodwill impairment exercises for overseas companies and is familiar with the accounting standards involved.
We can work with your team to determine: - the purpose of the valuation
- the data required for the valuation
- what is required for a valuation to be acceptable to the authorities
Leadenhall can use company internal data and data from external sources on the industry to prepare a robust valuation for your purpose.
Leadenhall's advisers will be in contact with you during the valuation process, checking on detail and making certain that key aspects of the asset being measured are taken into consideration.
We will then discuss with you a draft valuation in order to determine whether there is incorrect data or misinterpretation of facts before presenting you with a final valuation Report.
We can also assist you on subsequent revaluations of the asset by guiding you in your use of the existing model or assisting in its updating.
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Our track record
Leadenhall is a member of the ASIC Panel of Independent Experts and an adviser to the Australian Taxation Office on valuation matters.
Leadenhall has over 20 years experience as an independent corporate advisory firm with its focus on valuation and related issues. Experience has included:
- Valuation of intangible assets as part of a purchase price allocation assignment pursuant to US Accounting Standards as a result of an acquisition by Sonic Innovations Inc.
- Valuation (in 2003) of intangibles of a Group as at 1993 for the purposes of establishing taxation liabilities.
- Review of valuation issues of subsidiaries and sub-subsidiaries of a major overseas corporation as part of tax consolidation planning.
- Allocation of purchase price for a US corporation on the purchase of an Australian subsidiary. A subsequent assignment reviewed impairment issues for the intangible assets acquired.
- Critique for the Australian Taxation Office of the valuation undertaken by a major Australian accounting firm of a financial services company as a prelude to a more detailed review of valuations in excess of $1 billion.
- Critique for the Australian Taxation Office of valuations undertaken by a major US accounting firm of an Australian international Group.
- Valuation of a scheduling software solution and related consulting services provider to establish an appropriate carrying value of the business for a Government department.
- Valuation of B-Class shares in the company which operates the Virginia Pipeline BOOT Scheme.
- Review the methodology employed by a private company in preparing valuations to ensure compliance with ATO tax consolidation guidelines for market valuations.
- Valuations of technology in the software, biotech, transport building materials and energy sectors for the Australian Taxation Office.
- Valuation review of a complex corporate group in the quarrying industry for the purposes of a share transfer within the group.
- Valuation review for statutory reporting purposes of Austrust Ltd (now part of Tower Ltd. Subsequent assignments have included valuations of the Wills Bank for Tower.
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For your interest
The following pieces of legislation and articles may be of interest:
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