If the ATO safe harbour rules are unavailable for your Employee Share Scheme, you will likely need a valuation of the options or shares that are to be issued. This involves an assessment of the business value and equity (share) value of...
The need for a derivatives valuation An exploration and mining company had funded a significant portion of its pre-IPO development costs via multiple series of converting or convertible instruments (mezzanine debt/equity) over several...
The need for unlisted equity valuation reporting Direct investment in unlisted infrastructure has become a staple of long-term investors (such as large domestic super funds and a small number of ASX-listed vehicles) over the last two...
The need for a small business retirement exemption Peloton is frequently invited to assist tax advisers and lawyers when a small business owner contemplates a sale of the business – prompting consideration of the small business retirement...
The need for acquisition reporting An unlisted public company involved in the fast-moving consumer goods industry acquired a strategically-significant company and required a purchase price allocation to comply with AASB3 Business...
The need for valuation impairment testing Purchased goodwill reflected on the balance sheet of an ASX company is required by AASB136 to be recorded at an amount which is no more than recoverable amount. The goodwill of each Cash...
The need for conversion rights and 'free' options An unlisted mining and exploration company developed a capital structure characterised by vanilla (ordinary) equity and several tranches of convertible notes. Over its development history,...
The need for an executive long term incentive plan Each year, an ASX300 company offers an executive long term incentive plan [“ELTIP”] to its senior executive team as part of their remuneration package. This is commonplace and ELTIP is...
It is and it isn’t... Former McDonald’s CFO, Harry J. Sonneborn, is even quoted as saying, “we are not technically in the food business. We are in the real estate business. The only reason we sell fifteen-cent hamburgers is because they...
Its not often we can share the work we do in a public fashion. Independent expert reports prepared for Chapter 6 of the Corporations Act and ASX listing rules are a rare exception. Here are two recent examples of work undertaken by the...
Could the simultaneous shift in macroeconomic factors cause a flood of impairments? Is your organisation subject to impairment testing? A series of bad economic news may mean that your company needs to consider the value of assets on the...
Imagine that a Private Equity firm has just acquired your company. They are going to double its value in less than three years. Have you ever wondered what strategies private equity firms employ to maximise the value of their investments?...