Health is wealth


Enjoy the wealth that good health brings

“Many years ago I was sent this post card. It has survived three office moves and still has pride of place in our office kitchen.

In the last two years it has become more poignant as my wife has been diagnosed with cancer, two close friends have had major life threatening surgeries and we have all experienced the COVID-19 pandemic.

My wife and my two friends now seem to be getting better and with the commencement of the new year I had time to reflect on this simple (badly spelt) message: “Helth = Welth”.

As the world slowly gets control of the COVID19 pandemic, I look forward spending quality time with my wife and friends and to travelling again to learn more about the world and myself.

My closing words – the Leadenhall team cannot place a value on it, but enjoy the wealth that good health brings.

I would like to thank Graham Chilman for the thought provoking image and for the other fantastic images.”

– Simon Dalgarno


leadenhall's market discount rate update 31 March 2024


Markets have declined over the last quarter as persistent inflation and the potential for further rate rises continue to weigh on the ASX 200. These fears have seen a rapid increase in government bond yields over the last month. With market conditions continuing to evolve rapidly, we have provided an update on our assessment of discount rates as at 30 September 2023.

Appraisal Foundation brief Professional Interactions Unique to Fair Value for Financial Reporting

Guidance regarding interactions between auditors and valuers

The Appraisal Foundation recently issued for comment a draft valuation brief titled Professional Interactions Unique to Fair Value for Financial Reporting. The article made several practical recommendations that are applicable to almost all auditor and valuer interaction.

Discount Rate 31 Dec 2023

Market Discount Rates – 31 December 2023

Optimism around the easing of inflation and potential interest rate cuts led to a rally in equity markets towards the end of December 2023. With markets continuing to fluctuate significantly, the selection of a reasonable discount rate remains a key consideration, whether for the purpose of financial reporting or for any valuation analysis.