AD ALTA
JOURNAL OF INTERDISCIPLINARY RESEARCH
Date of first
registration
2008-08-01
2012-07-19
Technical
license number
XXXX
XXXX
Vehicle ID
number
XXXX
XXXX
Engine volume
2,457 cm3
3,630 cm3
Mileage
150,800
90,700
Purchase price
incl. VAT
799,900 CZK
1,098,011 CZK
Source: Authors.
Part of the value of the healthcare facility will be the value of its
goodwill.
The following documents will be used for the valuation:
1. Background material from tax records:
Accounting by type of pre-contract 2015 (1st-11th month).
Income and Expense Report for 2015 as of December 4,
2015.
Accounting by type of pre-contract 2014.
Accounting by type of pre-contract 2013.
Accounting by type of pre-contract 2012.
Accounting by type of pre-contract 2011.
2. A copy of the tax return from the income tax of a natural
person:
For the taxable period of 2014,
For the taxable period of 2013,
For the taxable period of 2012.
3. A list of movable items that are subject to valuation.
4. Copy of the vehicle registration certificate Part II:
No. UC 567987 of vehicle Subaru LEGACY OUTBACK,
No. UE 807791 of vehicle SUBARU OUTBACK.
5. Tax documents - invoices:
Tax document – Colposcope acquisition - BTL-KAPS
model KP 3000.
Tax document – purchase of a tool table.
Tax document – acquisition of the examination
gynecological chair GRACIE.
Tax document – acquisition of a PC setup.
Tax document – acquisition of a printer.
Tax document – acquisition of an examination chair - BTL
incl. accessories.
6. Price offer for GRACIE examination gynecological chair from
24/11/2015.
7. Purchase contract - purchase of "HD7 L CORE Ultrasound
Philips" incl. accessories.
8. Contract for the sale of gynecological ambulance equipment
from " 2011-02-30 ".
9. Photographic documentation of gynecological ambulances
and passenger cars.
10. Documents of an expert body from an on-site investigation.
2.2 Methodology
Due to the fact that the hospital facility itself can not generate
income and therefore profits without a qualified physician, it is
more appropriate to choose property for valuation of the rental
method. In this case, the procedure for tangible assets is as
follows (Krabec, 2015):
1.
List of individual property items of the subject of the lease
including the determination of the acquisition cost of the
property - the value of the curtailment from the submitted
accounting documents.
2.
Assessment of the period of use of individual components
of tangible assets.
3.
Assessment of the lifetime, or estimation of the time of
possible further use of individual components of tangible
assets.
4.
Calculation of actual value of tangible assets – ambulance
equipment, which is given by:
=
∗(−)
(1)
where:
SH
pv
actual current value of equipment in CZK,
P
c
purchase cost of the asset in CZK,
D
z
lifetime of property in years,
S
m
the age of the property on the valuation date in years.
5.
Calculation of the actual present value of the tangible
assets – passenger cars, that is, the vehicle's time value, is
given by:
=∗(1−
+
2
)
(2)
where:
SH
v
actual current value of the vehicle in CZK,
P
cv
purchase price in CZK,
ZAD
amortization for the period of operation according to
expert standard I / 2005 in %,
ZAP
amortization for the number of kilometers according
to expert standard I / 2005 in %.
6.
Calculation of average wear and tear of tangible assets per
year according to the relation:
=
()
(3)
where:
OHM
wear of tangible assets in CZK,
SH
pv
(SH
v
)
the current value of the equipment
(alternatively the present value of the vehicle in CZK),
t
remaining lifetime of the property in years.
7.
Calculation of a reasonable profit in the value of rent in the
form of an interest rate according to the formula:
�=
+∗
(4)
where:
(R
i
) ̅
represents the alternative cost of equity or the
proportion of reasonable profit in the rental price in %,
r
f
the value of interest on 10-year government bonds
(taken from the pages of the Czech National Bank as the value of
the German government bond) in % (Czech National Bank,
2019),
β
systematic risk (taken from prof. Damodaran:
http://pages.stern.nyu.edu/~adamodar//),
r
pod
risk premium for business risk (taken from the Ministry
of Industry and Trade of the Czech Republic, 2015) in %.
8.
The calculation of the annual rent for each item of tangible
assets is the product of the average wear and tear of
tangible assets per year and the alternative cost of equity
increased by one according to the relationship:
=∗(1+
)
(5)
where:
RN
annual rent in CZK,
OHM
wear of tangible assets in CZK,
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