Asset Management

Expand all | Collapse all

Asset Values for Financial Reporting

  • 1.  Asset Values for Financial Reporting

    Posted 28 June 2020 19:39
    We have become aware some State and Federal agencies are implementing measures to reflect the impact of COVID-19 on asset values. Regardless of how assets are measured for fair value, fair value is a market exit value and must reflect market participant behaviour.

    Is Local Government  reflecting the impact of COVID-19 on asset values?

    Are auditors sufficiently armed to consider this question?

    Whilst the degree of uncertainty might be a topic for discussion, Local Government fixed assets are not Teflon coated.


    ------------------------------
    Martin Burns
    National Director of Valuations
    Liquid Pacific
    North Sydney
    02 9025 3788
    solutions@liquidpacific.com
    ------------------------------
    BlogPageSpacerBlank


  • 2.  RE: Asset Values for Financial Reporting

    Posted 17 days ago
    Hi Martin

    Which specific LG asset classes you were referring in above discussion?

    All infrastructure spending is "normal" if not increased , so no changes/ impacts there (ie replacement and WDV values).

    ------------------------------
    Views are personal only.

    Ashish Shah

    Principal Engineer
    Brisbane City Council
    ------------------------------

    BlogPageSpacerBlank