Valuation in the BelCCI

Property valuation

Independent valuation of movable property or its parts (excluding money, securities, precious metals, stones and works of art of stone, transport vehicles).

Objectives of property valuation are as follows:

a) sale without auctioning or competition, including sale of property under the economic insolvency (bankruptcy) procedure;
b) non-monetary deposit to the statutory fund of the legal entity;
c) sale through a bidding process (auctioning and competition), including under the bankruptcy procedure;
d) pledge;
e) gratuitous alienation;
f) gratuitous assignment;
g) granting for free use, rent;
h) granting for trust management;
i) exchange;
j) property inheritance;
k) settlement of property disputes;
l) recovery of loss (damage);
m) implementation of management decisions;
n) inclusion of excess of assets on the balance sheet, found during inventory survey, and cost-free assets;
o) revaluation of assets, profitable investments into stocks of materials, equipment for installation, using direct estimate method;
p) itemization (allocation) of the inventory item initial cost;
q) sale of property which was exempted, seized or transferred to the state revenue;
r) other activities not contradicting the applicable law.

The objective “implementation of management decisions” is used only to determine the feasibility of the decision related to making a deal or other legally binding actions, but cannot be used for objectives a) - l), n) - s).

The result of independent valuation can be used only in accordance with the objective specified in the Valuation Report.