How to Assess Your Discount Rates Reliably


Leadenhall appoints new director

Nathan Timosevski, corporate finance, business valuationSydney, Australia: Leadenhall is proud to welcome Nathan Timosevski as a director, bringing a wealth of experience to business valuation clients.

Prior to joining Leadenhall, Nathan spent more than five years as a partner in the corporate finance team for Crowe Horwath, Australia’s fifth largest accounting firm, during a tenure of more than 14 years.

Nathan’s expertise is in business, equity and intellectual property valuations for strategic, transactional and regulatory purposes, including purchase price allocations and public company independent expert reports. He works with small privately owned businesses through to listed groups and large multinational companies, across a broad range of sectors.

Before Crowe Horwath, Nathan spent five years as a senior tax accountant at the Sydney practice of PKF Chartered Accountants & Business Advisers (now BDO).

A proud family person and a keen runner, Nathan is looking forward to joining a team of like-minded colleagues at Leadenhall.

“I’ve been familiar with Leadenhall and the team’s reputation in the industry for quite some time. This is the perfect opportunity for me – it brings together the chance to leverage my experience for a diverse range of clients and to work with a team known for its integrity and care,” says Nathan.

“When we were searching for the right person for the role, Nathan stood out in that his vision aligns to where we want to be,” said Leadenhall Director Richard Norris. “He shares our values and will make a great cultural fit for the team. He also upholds the same ethos about the quality of service we provide and is passionate about working together to get the right outcome for clients.”



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.