森林估价中的土地处理.pdf

1、IFA-NZIFForest Valuation SeminarTreatment of Land in a Forest ValuationJessica Brown30/03/2026Margules Groome OfficesGlobal Consulting Alliance(GCA)OfficesIFA-NZIF Forest Valuation Seminar|2Margules Groomes consulting reach is global,through a combination of its own office network and associate and

2、alliance officesWho we areOverviewReality vs ReportingRelationship of Trees and LandConsistency in CountingIFA-NZIF Forest Valuation Seminar|3Reality vs Reporting Two ways of seeing the same forestIFA-NZIF Forest Valuation Seminar|4Market View One combined Asset No internal rent(unless real rental)V

3、alue=total cashflowReporting View Land value(IAS/IFRS 16)Tree crop value(IAS 41)A notional land rental is used to allocate value correctly.Relationship of Trees and LandExpectation method has two land tenure types:Leased/rentedFreeholdIFA-NZIF Forest Valuation Seminar|5Opportunity CostIn estimating

4、tree crop value and future crop value,the opportunity cost of land shall be included using market rental,regardless of land tenure.IFA-NZIF Standard B12.1 Method of ValuationIFA-NZIF Forest Valuation Seminar|6Opportunity CostIFA-NZIF Forest Valuation Seminar|7-200 400 600 8001 0001 200Value($000)Ten

5、ure and TreatmentTree CropLand Value(notional rental)Lessee Interest(notional rental)Rental CostConsistency in CountingEnsuring everything is counted,but only once!IFA-NZIF Forest Valuation Seminar|8Consistency-HBUIFA-NZIF Forest Valuation Seminar|9Conversion cost?Consistency-CarbonIFA-NZIF Forest V

6、aluation Seminar|10Carbon value included with tree crop?Carbon value included with land?SummaryReality vs Reporting market view vs reporting and accounting standardsRelationship of Trees and Land disaggregation and opportunity costConsisten