Valuation Guidance for Property, Plant and Equipment, Including Specialised Items in the Health and Education Sectors

Revision published Oct 2007
Previously revised 2003
First published 2002

Prepared by Wareham Cameron & Co Ltd, Rider Levett Bucknall and the Treasury.

These guidelines have been prepared to assist public sector reporting entities and their valuers (and particularly those within the health and education sectors) to comply with the valuation requirements of the New Zealand Equivalent to International Accounting Standard 16: Property Plant and Equipment (NZ IAS 16) and Crown accounting policies in relation to NZ IAS 16. They are also intended to help achieve consistency in such valuations. These guidelines predominantly focus on specialised items of property, plant and equipment (which are the majority of assets in the health and education sectors). These comprise assets that are not regularly bought and sold in the market, and therefore need to valued on a depreciated replacement cost basis.

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Introduction Background Crown accounting policies Section 1: Financial reporting and valuation standards Section 2: Asset classification and valuation methodology Section 3: Valuations in the health and education sectors â specific considerations Section 4: Instructing and liaising with valuers Appendix A: Specific guidance for assessing the replacement cost of health and education buildings Appendix B: Worked example â optimised depreciated replacement cost calculations	val-guidance-property.pdf (1,685 KB) pp. 1â64

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Introduction

Background

Crown accounting policies

Section 1: Financial reporting and valuation standards

Section 2: Asset classification and valuation methodology

Section 3: Valuations in the health and education sectors â specific considerations

Section 4: Instructing and liaising with valuers

Appendix A: Specific guidance for assessing the replacement cost of health and education buildings

Appendix B: Worked example â optimised depreciated replacement cost calculations

val-guidance-property.pdf (1,685 KB) pp. 1â64

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Publication Details

Valuation Guidance for Property, Plant and Equipment, Including Specialised Items in the Health and Education Sectors

Table of Contents

Introduction

Background

Crown accounting policies

Section 1: Financial reporting and valuation standards

Section 2: Asset classification and valuation methodology

Section 3: Valuations in the health and education sectors â specific considerations

Section 4: Instructing and liaising with valuers

Appendix A: Specific guidance for assessing the replacement cost of health and education buildings

Appendix B: Worked example â optimised depreciated replacement cost calculations

Global Navigation

Personal tools

Publication Details

Valuation Guidance for Property, Plant and Equipment, Including Specialised Items in the Health and Education Sectors

Table of Contents

Introduction

Background

Crown accounting policies

Section 1: Financial reporting and valuation standards

Section 2: Asset classification and valuation methodology

Section 3: Valuations in the health and education sectors â specific considerations

Section 4: Instructing and liaising with valuers

Appendix A: Specific guidance for assessing the replacement cost of health and education buildings

Appendix B: Worked example â optimised depreciated replacement cost calculations

Section 3: Valuations in the health and education sectors â specific considerations

Appendix B: Worked example â optimised depreciated replacement cost calculations