IFRS valuation: why it matters and who needs it

IFRS (International Financial Reporting Standards) are international standards for financial reporting.

Valuation for IFRS purposes is a procedure that determines the value of a company’s assets based on international valuation and financial reporting standards. The use of IFRS significantly enhances the transparency and informativeness of a company’s financial statements and allows for in-depth analysis of its performance.

Reports prepared in accordance with IFRS are powerful tools for building successful relationships with foreign partners and investors, helping businesses enter international markets with confidence.

PKF Valuation of Property frequently conducts valuations for IFRS purposes. Some of our completed projects include:

✔️ Mercury Properties – the largest investment holding in Kazakhstan’s commercial real estate sector. As part of our collaboration, we conducted valuations of movable and immovable assets of retail and office properties located in Almaty, Astana, Aktobe, and Atyrau.

✔️ Shagala Group – a specialized provider of housing and office services for oil and gas companies and their contractors operating in the Caspian region of Kazakhstan.

Valuation tasks for IFRS purposes include:

1️⃣ Valuation for IFRS 1 – First-time Adoption of International Financial Reporting Standards
2️⃣ Valuation for IFRS 3 – Business Combinations
3️⃣ Valuation for IAS 16 – Property, Plant and Equipment
4️⃣ Valuation for IAS 36 – Impairment of Assets
5️⃣ Valuation for IAS 40 – Investment Property

✅ Valuation for IFRS purposes is a core service of our company
✅ Our reports have been accepted by international audit firms without comments
✅ Successful project execution with approval from all stakeholders

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