Financial Reporting and Insurance 

Public Private Property offers the resources and experience necessary to deliver accurate and compliant valuations for the following classes of assets: 

Land • INFRASTRUCTURE • BUILDINGS • PLANT AND EQUIPMENT

Valuations for Financial Reporting Purposes 

(AASB 116 and AASB 13)

Valuations for Financial Reporting purposes require skills in both market and cost based valuation techniques. They also require an appreciation of total useful lives applicable to each class of asset together with the components that make up those assets.

An appreciation of the way in which geographical and climatic elements impact the lifecycle of assets is also critical (valuation pattern).

At PPP we place heavy emphasis on AASB13 Disclosure requirements. This ensures the highest possible level of transparency in the valuation process which is inclusive of componentisation and depreciation of each individual asset. Such emphasis on Disclosure provides confidence not only to our clients, but also very importantly to our client’s auditors and the communities they serve.

Valuations for Insurance Purposes

(ISR Policy Wording)

An understanding of the insurance policy type and policy wording is essential to ensure commercially satisfactory and timely insurance claims. 

Strict compliance with Australian Property Institute Practice Standards supported by rigorous research and quality control are also paramount.

The insurance valuation process is complex. At PPP we commence with accurate capture of asset specifications. Next steps include a staged analysis of the full extent of costs incurred in the event of a loss.

Such costs include design and engineering of replacement asset, time and costs to obtain necessary approvals, calling for tenders, rebuilding, fit-out, commissioning and demolition and removal of debris.