Valuation of assets and liabilities: Dickenson Builders Pravite Limited; A.F. Ferguson & Co.

Abstract

This section summarizes the approach adopted during the fact finding stage of the assignment and the valuation of the assets and liabilities of DBPL arrived at by AFF. It also provides a brief overview of the existing and the adjusted values of assets and liabilities of DBPL in form of a balance sheet. METHODOLOGY:- The approach to the valuation of assets and liabilities is summarized below : The valuation of assets and liabilities was carried out based on the un-audited accounts of DBPL as on 31st October 1994. For each category of asset and liability, books of accounts, registers maintained by DBPL, schedules and other relevant documents were scrutinised and verified. e A physical verification of fixed assets was conducted. After scrutiny and verification, accepted methods for valuation of the assets and - liabilities were adopted. The methodology followed for valuation has been detailed for each category of asset and liability later in this report.