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When  revaluing assets, should the land on which the road sits be taken into account in the fair value, in the same way that the land on which a building sits is part of the asset value? Or should the road not be considered as an asset in itself because it is already giving value to the building (or any other infrastructure such as a quay) which it serves?

Thanks for your valuable comments

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Dharmanand Sooredoo
Mega Design Ltd, Consulting Engineers
Quatre Bornes
Mauritius
megadesign@intnet.mu
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Both are usually valued - land under a road is valued separately from the built road asset. The ownership or control of the land under the road would need to be determined. Refer to:
https://www.aasb.gov.au/admin/file/content105/c9/AASB1051_12-07_COMPdec13_01-14.pdf
And for local government:
https://www.olg.nsw.gov.au/council-circulars/governance/09-25-land-under-roads/



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GrantSheldon
Sheldon Consulting Pty Ltd
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Original Message:
Sent: 16 February 2021 03:49
From: Dharmanand Sooredoo
Subject: Valuing access roads as an asset

When  revaluing assets, should the land on which the road sits be taken into account in the fair value, in the same way that the land on which a building sits is part of the asset value? Or should the road not be considered as an asset in itself because it is already giving value to the building (or any other infrastructure such as a quay) which it serves?

Thanks for your valuable comments

------------------------------
Dharmanand Sooredoo
Mega Design Ltd, Consulting Engineers
Quatre Bornes
Mauritius
megadesign@intnet.mu
------------------------------