How will the valuation of Sovelmash intangible assets be conducted?
As part of preparations for reorganizing LLC Sovelmash into a joint-stock company, it is necessary to conduct an evaluation not only of tangible, but also intangible assets of the company.
Intangible assets (IA) are items without physical substance, yet holding economic value for the business (e.g., patents, trademarks, software, know-how). Their valuation is essential for their inclusion in the authorized capital, thereby increasing the company's overall value.
How are intangible assets evaluated?
The initial value of intangible assets is established as of the date they are recognized in accounting and includes:
• payments made for acquisition (e.g., under assignment agreements),
• customs duties, patent fees, non-refundable taxes,
• intermediary remuneration, consulting services,
• expenses incurred in creating the intangible assets (developers' salaries, R&D expenses, etc.).
The current market value is determined by an independent appraiser and is based on the potential selling price of the asset.
Valuation stages
1. Identification of the asset — clearly defining what is being evaluated (trademark, patent, software, etc.).
2. Selecting the valuation method:
• comparative — analyzing prices of comparable assets,
• cost-based — calculating the cost of reproducing the asset,
• income-based — forecasting profits from the asset's utilization.
3. Calculation of value — the appraiser determines the final valuation amount.
4. Report preparation — this document serves as the basis for including the intangible asset into authorized capital.
5. Inclusion in authorized capital — the value is recorded in the company's founding documents.
Important!
• The value of intangible assets must not exceed the market value as determined by expert appraisal.
• All founders must agree upon the valuation.
• General administrative expenses, reimbursable taxes, and loan-related costs (except for investment assets) do not qualify as intangible assets.
• Documents confirming asset ownership rights (patents, licenses, etc.) are mandatory.
Thanks to your investments and the dedicated efforts of the Sovelmash team throughout the project's development, the company has significantly grown its intangible assets — and this process is ongoing.
You can support Sovelmash and become a co-owner of the company's assets by investing in the project now.
*The translation is done with the help of artificial intelligence.