What is fair value for plant and equipment under AASB 13?
Fair value for plant and equipment under AASB 13 is the market-based price that would be received to sell the asset in an orderly transaction between market participants at the measurement date. It reflects current economic conditions and assumes the highest and best use of the asset.
Reducing Audit Exposure and Tax Risk Through Fair Value Asset Valuations
Well-executed valuations protect CFOs from downstream issues by ensuring asset values are accurate, defensible, and fully compliant. They reduce financial statement risk, ensure audit alignment, and create a strong governance trail for regulators and tax authorities.
- Fair Value Measurement for Financial Reporting (AASB 13, AASB 116, IFRS)
- Market Valuation for Depreciation, Tax Consolidation & Stamp Duty
- Impairment Testing & Economic Obsolescence Assessments
- Asset Valuation for Mergers, Acquisitions & CGU Restructuring
Trusted by CFOs in capital-intensive sectors.”
Plant & Equipment Valuation Aligned with AASB 13
Accurate plant and equipment valuations are essential for meeting AASB 13 compliance, as they ensure fair value is measured using market-based assumptions, not internal estimates. This supports transparent financial disclosures, reduces audit risk, and aligns asset reporting with regulatory standards.
- Fair Value Measurement (AASB 13) for Plant & Equipment
- Application of ‘Highest & Best Use’ and other premises
- Fair Value Hierarchy (Level 1, 2, and 3) for Transparent Valuations
- Market Participants’ Perspective & Economic Motivations
Regulatory & Industry Expertise
We Work To:
- AASB 13 – Fair Value Measurement
- AASB 116 – Property, Plant & Equipment
- AASB 136 – Impairment of Assets
- IFRS & International Valuation Standards (IVS)
Proudly serving clients across Perth and throughout Australia in Industires such as:
Mining
Logistics
Infrastructure
Manufacturing
Corporate Finance
How Our Valuation Process Works
- Define Scope & Requirements - Assess asset class, reporting purpose, and standards (AASB 13, IVS, APES 225).
- Site Inspection & Asset Verification - Verify asset condition and function per IVS 300.
- Valuation Methodology - Apply market/income/cost approach, with adjustments for obsolescence and highest & best use.
- Fair Value Hierarchy Classification - Categorise inputs (Level 1, 2, or 3) per AASB 13.
- Final Audit-Ready Report - Deliver schedules, assumptions, references, and compliance mapping.
Get a Certified Valuation for Accounting Purposes
Ensure compliance, mitigate risk, and gain financial clarity with expert-led valuation services.
- Certified by the Australian Property Institute (API)
- Trusted by finance professionals in mining, manufacturing, logistics & corporate sectors
