Insights
Market value for small business retirement exemption
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...
Acquisition reporting (AASB3 business combinations)
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...
Valuation for impairment testing (AASB136)
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...
Conversion rights and ‘free’ options (AASB9 financial instruments)
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,...
Executive long term incentive plan (AASB2 Share based payment)
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...
Is McDonald’s a real estate business?
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...
Case studies: Valuation Reports
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...
Are you subject to EOFY impairment risks?
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...
Introduction to Private Equity Paradigm
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?...
Liquidation Play
Welcome to the Private Equity Playbook series. In this new series, Luis discusses the most famous Value Play used by Private Equity to create company value. In this first episode, Luis talks about the most famous Value Play, the...
Employee options: simple but complex
Employee options: for an ASX-listed company the valuation task is reasonably straight-forward. However, for an unlisted company (think start-up) the task is far more complex. Peloton is regularly asked to assist start-ups, technology...
So the cash rate has increased…
We all know that the RBA has just increased the cash rate for the first time in 10 years. We might also be familiar with the fact that Australian Government Bonds have been increasing too (currently around 3.5%). But what has happened to...