Pri likvidaciji vrednosti se pregleda vsa sredstva in obveznosti, ki jih ima podjetje v svojih knjigah.
Osnovna predpostavka je da se sredstva ‘znebijo’ oziroma odprodajo in pokrijejo nastale obveznosti (po pogajanjih).
Tako se pride do faktorjev (diskontov oziroma premij) na posameznih postavkah bilanc stanja.
Ti faktorji se pomnožijo z knjigovodskimi vrednostmi, od ‘prodanih’ sredstev odštejemo ‘izpogajane obveznosti, odštejemo še ostale stroške likvidacije (odpravnine, postopki) in dobimopreostalo vrednost podjetja – likvidacijsko vrednost.
Ta metoda je najprimernejša za vrednotenje – holdingov, skladov oziroma podjetij katerih dejavnost se ne odraža preko izkaza uspeha pač pa preko naložb. sicer se uporablja za oceno v primeru zaključka poslovanja podjetja.
|
Adjusted Book Value Method – Liquidation |
|
|
|
|
Premija (+) / Discount (-) |
Factor |
|
Total Assets |
|
|
|
Fixed Assets |
|
|
|
Intangible Assets |
+ |
0,00% |
|
Tangible Assets |
|
|
|
Real Estates |
+ |
105,00% |
|
Equipment and other TA |
– |
10,00% |
|
LT Financial Assets and reval. TA |
+ |
0,00% |
|
Current Assets |
|
|
|
Inventory |
– |
5,00% |
|
LT Account Receivable (LT A/R) |
– |
20,00% |
|
ST Account Receivable (ST A/R) |
– |
1,00% |
|
ST Financial Assets |
– |
100,00% |
|
Cash and Equivalence |
+ |
0,00% |
|
Prepaid Exp. & Accrued Rev. |
– |
0,00% |
|
Off Balance Sheet Assets |
– |
100,00% |
|
|
|
|
|
Total Liabilities |
|
|
|
Capital |
|
|
|
Paid in Capital |
|
|
|
Capital Reservations |
|
|
|
Revaluation of Capital |
|
|
|
P/L from Previous Years |
|
|
|
P/L – Earnings |
|
|
|
LT Reservations |
– |
10,00% |
|
LT Liabilities |
+ |
1,00% |
|
ST Liabilities |
|
|
|
ST Liabilities from Operations (ST A/P) |
+ |
1,00% |
|
ST Liabilities from Financing |
– |
100,00% |
|
Deferred Rev. & Accrued Costs |
– |
0,00% |
|
Off Balance Sheet Liabilities |
– |
100,00% |
|
|
|
|
|
Costs of Labour |
– |
30,00% |
|
Costs of Liquidation (Forced/Normal) |
– |
3,00% |
