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Productive investments are the basis of sustainable economic development and are funded by reserves and have a long-term duration. Productive investments require productive assets that generate cash flow and profits. Integrated investments in several areas are needed to keep investments productive, as follows:   (a) acquisition of assets for the production of goods; (b) durability to maintain long-term benefits; (c) productivity; (d) entrepreneurship; (e) competitiveness; (f) growth; (g) employment; (h) technology and innovation; (i) research and development; (j) efficiency.   Asset appraisal and management services measure the performance of productive investments and provide reliable information for the best financial and…Read more

These expressions are used in valuations, business operations and financial reports and are described here to assist in standardized use.   Goodwill correspond to the additional amount paid by a company above the sum of the values ​​of its identifiable tangible and intangible assets that can be sold separately. Usually the assets that cannot be sold separately are: reputation, know-how, synergies, future technologies, workforce and the advantage of the thing done.   Going Concern is a premise in the evaluations that considers the company in operation, at least, for the term that the financial projections were made. The projection period…Read more

Corporate governance is the set of company measures ensuring profitable and sustainable results. Transparency of the management ensures more market value for the company. Audits and specialized consultancies contribute to the improvement of the processes. In the areas of asset and company valuations, fixed asset management and inventories, Mynarski is nationally and internationally recognized for excellence, contributing to the improvement of its clients’ corporate governance….Read more

Valuations are a vital component in the financial system, as they are used for many purposes such as mergers and acquisitions, investments, financial reporting, auditing, secured lending, compliance, taxation, litigation and insurance. International valuation standards (IVSC.org) and expertise are key points to meet the international financial market demand….Read more

The control premium comes from the interest of the buyer, who understands that the company is not being properly managed and agrees to pay a premium on the acquisition of the company because he believes he will be able to manage better and generate more profits. This premium is paid for the controller to dispose of the shares / quotas. This means that there is no premium for minority shareholders, except when clauses guarantee certain rights for minority shareholders. The rule of 20% as a premium for control is not true, as this depends on how much the company can…Read more

Investments in companies with environmental responsibility, sustainability and governance – ESG – have increased 400% in Europe in the last 2 years and are increasing in the United States. Investors are increasingly interested in this market that attracts more customers, generates more business opportunities and increases the companies’ values. The risks of these investments are similar to others in the market, but the future seems to be moving towards greater sustainability. Business valuation have projected better performances for companies with greater economic, social and environmental responsibilities….Read more

The Internal Revenue Service and the Treasury Department changed the IRS Manual, affecting the way the IRS reviews appraisals and impose a civil money penalty for misstatements in the appraisals, as per Section 6695A of the Internal Revenue Code. This change reduces the number of individuals involved in the decision to impose a 6695A penalty. Appraisers who do not follow the standards of valuation with due transparency and technical expertise will be directly affected and may involve their clients in tax and civil proceedings….Read more

Financial instruments are receivables, which include, but are not limited to swap, promissory, convertible stock, stock option, financial guarantee and bond agreements, and the valuation of these instruments requires the estimation of possible loss in value, considering future foreseeable factors….Read more

Theme parks have special features that include the diversity and exclusivity of themes. They are usually appraised using the replacement or Discounted Cash Flow methods. The influence area, per capita income of the population, infrastructure, diversity of income, operating costs, investments, vacancies, etc … are some of the points analyzed in these appraisals. Special structures have costs that must be budgeted with special attention. In most parks the economic value (DCF) is lower than the depreciated replacement cost and this is due to the high implementation and maintenance costs….Read more

The image of a professional sports company is associated with its track record and its athletes. Revenue is generate from various sources that may or not be associated with the sport. The sources of revenue associated with the sport are: TV, radio, iradio, tickets, fans, sponsors, advertising, seat sales, royalties, athletes, parking, etc …, and non-sport associated revenues are: shows, rentals, etc …. The value of these companies is very associated with mood and momentum, which change due to human behavior (panic, fear, euphoria, greed, etc …). The DCF – Discounted Cash Flow is the best method to valuate these…Read more