We carry out impairment tests focusing on shares or corporate divisions in accordance with IFRS (IAS 36) and German local GAAP\u2014HGB\u2014(IDW RS HFA 10). In connection with the preparation of annual and consolidated financial statements, we estimate the fair value of investments by means of standard procedures for determining the present value of future profits.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row aios_row_background=”aios_bg_grey” full_width=”stretch_row”][vc_column][vc_column_text aios_text_headline=”Valuation based on approved valuation methods”][\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text]We analyze qualitative and quantitative value drivers based on planning assumptions.<\/strong> We use this data to determine ranges of values by means of integrated planning models and use sensitivity and scenario analyses as well as simulation methods.<\/p>\n

For the determination of company values, we apply established valuation methods that correspond to the current state of capital market and valuation theory.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]Our methodologies comprise discounted cash flow (DCF) approaches, the capitalized earnings value method, the adjusted-present-value method (APV) and, in addition, multiples for value plausibility check.<\/p>\n

Based on our vast expertise, our appraisals of individual assets, especially intangible assets that subsequently gain importance, are based on a wide range of methodologies from which the appropriate approach is chosen.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row aios_row_type=”aios_parallax_background” full_width=”stretch_row” bg_type=”image” parallax_style=”vcpb-default” bg_image_new=”id^3147|url^https:\/\/aios.de\/wp-content\/uploads\/2017\/11\/5.2-Valuation-2.jpg|caption^null|alt^null|title^5.2 Valuation|description^null” bg_img_attach=”fixed” gap=”0″ full_height=”” video_bg=”” video_bg_url=”https:\/\/www.youtube.com\/watch?v=lMJXxhRFO1k” video_bg_parallax=”” parallax=”” parallax_image=”” parallax_speed_video=”1.5″ parallax_speed_bg=”1.5″ css_animation=””][vc_column video_bg=”” video_bg_url=”https:\/\/www.youtube.com\/watch?v=lMJXxhRFO1k” video_bg_parallax=”” parallax=”” parallax_image=”” parallax_speed_video=”1.5″ parallax_speed_bg=”1.5″ css_animation=”” el_class=”slider-15 corner-bottom-left”][vc_column_text css_animation=””]\n

Regarding valuations of non-profit companies as well as companies in the healthcare sector, we can rely on special expertise from various relevant professional experience.<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row aios_row_type=”stroke_1_3_text_2_3″ full_width=”stretch_row”][vc_column][vc_row_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text aios_text_headline=”Valuations of non-profit institutions \u2014 especially charitable ventures “]An appraisal of enterprises whose purpose is non-profit, charitable or which follow comparable not profit-oriented objectives requires a special valuation approach. In particular, tax aspects such as a non-profit status must be taken into account while estimating the value of such an undertaking.<\/p>\n

We have gathered the necessary expertise in a large number of valuations, planning, due diligence projects for acquisitions as well as in the preparation of annual and consolidated financial statements of non-profit companies, especially in the health care industry.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row aios_row_type=”stroke_1_3_text_2_3″ aios_row_background=”aios_bg_grey” full_width=”stretch_row”][vc_column][vc_row_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text aios_text_headline=”Valuations of companies in the health care sector”]In Germany, healthcare companies operate in a highly regulated market with many state-owned as well as semi-public actors and diverse sources of income. This includes institutions providing inpatient and outpatient medical care, as well as nursing care for the elderly and parenting. Furthermore, these companies are largely not income-oriented, but non-profit organizations.<\/p>\n

In addition to the knowledge of different valuation techniques and special tax status due to the lack of commercial intentions, specific knowledge of the peculiarities of generating income and carrying out activities, also must be considered in detail.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row aios_row_type=”aios_ansprechpartner” full_width=”stretch_row” gap=”0″ full_height=”” video_bg=”” video_bg_url=”https:\/\/www.youtube.com\/watch?v=lMJXxhRFO1k” video_bg_parallax=”” parallax=”” parallax_image=”” parallax_speed_video=”1.5″ parallax_speed_bg=”1.5″ css_animation=”” css=”.vc_custom_1511055693929{background-color: #ffffff !important;}” el_class=”image-transform-inside ansprechpartner”][vc_column video_bg=”” video_bg_url=”https:\/\/www.youtube.com\/watch?v=lMJXxhRFO1k” video_bg_parallax=”” parallax=”” parallax_image=”” parallax_speed_video=”1.5″ parallax_speed_bg=”1.5″ css_animation=””][vc_row_inner full_width=”” full_height=”” columns_placement=”middle” video_bg=”” video_bg_url=”https:\/\/www.youtube.com\/watch?v=lMJXxhRFO1k” video_bg_parallax=”” parallax=”” parallax_image=”” parallax_speed_video=”1.5″ parallax_speed_bg=”1.5″ css_animation=”” bg_type=”” parallax_style=”” bg_image_new=”” layer_image=”” bg_image_repeat=”” bg_image_size=”” bg_cstm_size=”” bg_img_attach=”” parallax_sense=”” bg_image_posiiton=”” animation_direction=”” animation_repeat=”” video_url=”” video_url_2=”” u_video_url=”” video_opts=”” video_poster=”” u_start_time=”” u_stop_time=”” viewport_vdo=”” enable_controls=”” bg_override=”” disable_on_mobile_img_parallax=”” parallax_content=”” parallax_content_sense=”” fadeout_row=”” fadeout_start_effect=”” enable_overlay=”” overlay_color=”” overlay_pattern=”” overlay_pattern_opacity=”” overlay_pattern_size=”” overlay_pattern_attachment=”” multi_color_overlay=”” multi_color_overlay_opacity=”” seperator_enable=”” seperator_type=”” seperator_position=”” seperator_shape_size=”” seperator_svg_height=”” seperator_shape_background=”” seperator_shape_border=”” seperator_shape_border_color=”” seperator_shape_border_width=”” icon_type=”” icon=”” icon_size=”” icon_color=”” icon_style=”” icon_color_bg=”” icon_border_style=”” icon_color_border=”” icon_border_size=”” icon_border_radius=”” icon_border_spacing=”” icon_img=”” img_width=”” ult_hide_row=”” ult_hide_row_large_screen=”” ult_hide_row_desktop=”” ult_hide_row_tablet=”” ult_hide_row_tablet_small=”” ult_hide_row_mobile=”” ult_hide_row_mobile_large=””][vc_column_inner video_bg=”” video_bg_url=”https:\/\/www.youtube.com\/watch?v=lMJXxhRFO1k” video_bg_parallax=”” parallax=”” parallax_image=”” parallax_speed_video=”1.5″ parallax_speed_bg=”1.5″ css_animation=””][vc_column_text css_animation=””][\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

[vc_row aios_row_type=”stroke_1_3_text_2_3″ full_width=”stretch_row”][vc_column][vc_row_inner][vc_column_inner width=”1\/3″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text aios_text_headline=”Specialists in sophisticated and complex company valuations”]One of the founders of modern German business valuation theory, Adolf G. Moxter, characterized the [\u2026]<\/span><\/p>\n","protected":false},"author":7,"featured_media":3134,"parent":5460,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"acf":[],"yoast_head":"