IFRS valuation
When executing this valuation, the requirements of IFRS 13 on Fair Value Measurement and the requirements of IVS 300 on Valuations for Financial Reporting are taken into account in each and every case. In the calculations, priority is given to the methods of using the raw data of the highest quality from the hierarchy of source data.
In some cases, price testing must be conducted in accordance with requirements of IAS 36 on Impairment of Assets. It should be noted that our valuation experience, and the use of verifiable independent external sources of information, give us, in most cases, the opportunity to avoid the application of IAS 36. In this case, the result of the valuation is relevant for users of the financial reports and does not raise doubts or questions from the audience.
Gold Price Company is not a related party of any audit or investment companies nor banks, as well as in relation to the management of other companies. This allows us to provide independent valuation services that are relevant in terms of international accounting and investment companies, international financial groups, and other members of the independent appraisal reports.