Uroš Ćamilović
Business Advisory Services Partner
BDO Serbia renders asset and equity valuation services for different purposes, adhering to International Valuation Standards and utilising widely accepted methods and up-to-date publications and databases designed for professional appraisers. In addition, BDO provides detailed feasibility studies on clients' projects (including market research, financial analysis and financial plan), as well as business planning services, i.e. developing of business plan documents for fundraising or debt restructuring. These documents are often a prerequisite for approval of funds by banks, government development institutions (FZR), international development institutions (EBRD, IFC), venture capital funds, etc.
Our valuation team gathers experienced professionals who, through continuous education and regular attendance to seminars, keep the pace with latest trends and developments in the valuations field. Our appraisers are members of relevant associations such as the American Society of Appraisers and National Association of Valuers of Serbia. Bearing in mind that valuation profession is science as much as it is art, our dedication and experience, as well as proactive and creative approach, are key for every particular valuation assignment. BDO Serbia has vast experience in valuing:
- Equity interests and financial instruments (stakes, shares, other securities);
- Tangible assets (property, plant and equipment, investment property, biological assets);
- Intangible assets (brands, patents, licences, goodwill, etc.);
- Lost profits and/or economic damages;
- Investment projects (investment/feasibility studies);
Appraisals are being done for many different purposes. Our valuation team has performed numerous valuations for the following purposes:
- Financial reporting in accordance with:
- IAS 16 – Property, plant and equipment
- IAS 40 – Investment property
- IAS 38 – Intangible assets
- IAS 36 – Impairment of assets (impairment tests)
- IFRS 3 – Business combinations (purchase price allocations)
- IFRS 13 – Fair value measurement
- Buying-out of dissenting shareholders in accordance with the Company Act (articles 474, 475, 259);
- Buying-out/squeeze-out of minority shareholders in accordance with the Company Act (articles 515, 516, 522, 475, 259);
- Stock issuance, convertible bonds and warrants in accordance with the Company Act (articles 260, 263);
- Capital contributions in accordance with the Company Act (articles 51, 52, 57)
- Asset and equity stake acquisition considerations in M&A transactions;
- Determining share exchange ratios for mergers/divisions of companies;
- Tax purposes;
- Fairness opinions;
- Strategic decisions.
High-quality valuation service can result in proper price received or paid in a transaction. Well prepared and documented conclusions about value assist our clients to better understand their income streams, deal value and/or tax effects. In addition, our valuation reports help clients to better implement their strategies, strengthen market position and protect investments. Whatever the reason is behind the need of valuation service, BDO Serbia possesses the knowledge and experience required for providing substantiated and thorough conclusions. Our experience has been additionally expanded through privatisation process, which enables us to provide top quality service.
Recent projects
Equity and Stock Valuations
Valuations for Financial Reporting
Asset Valuations
Business Plans