(TBTCO) - Actual value of each asset of an enterprise is determined in Vietnam dong according to the list of each asset monitored in the accounting book of the enterprise.
The Ministry of Finance has issued Circular No. 41/2018 / TT-BTC guiding some contents on financial handling and enterprise valuation when transferring state enterprises and one-member limited liability companies. 100% charter capital invested by state enterprises into joint stock companies.
Accordingly, enterprises must proactively handle financial problems according to current regulations. At the same time, to formulate and submit to competent authorities for approval land use plans in accordance with the law on land, the law on rearrangement and handling of state-owned houses before the time of equitization decision. (CPH).
The determination of enterprise value by the asset method shall comply with the provisions of Section 2, Chapter III of Decree No. 126/2017 / ND-CP. The actual value of each asset of an enterprise is determined in Vietnam dong according to the list of each asset monitored in the accounting book of the enterprise.
In particular, for assets in kind, only re-evaluate the assets that the joint stock company continues to use.
The actual value of assets is equal to (=) The original price calculated at the market price at the time of determining the enterprise value multiplied by (x) the residual quality of the assets at the time of enterprise valuation.
Depreciated fixed assets fully recover capital; labor tools and management instruments have fully allocated their value to business expenses but the joint-stock companies that continue to use them must re-evaluate them to be included in the enterprise value on the principle of not less than 20% of the value. New assets, tools, tools purchased.
For equitized enterprises with in-kind assets of planted forests or gardens, when determining the value of equitized enterprises, the value of planted forests and gardens shall be determined according to the provisions of Joint Circular No. 17/2015. / TTLT-BNNPTNT-BTC dated April 22, 2015 and documents amended, supplemented or replaced (if any).
For assets formed under BOT contracts, the technical infrastructure of industrial parks is determined under the provisions of Clauses 6 and 7, Article 27 of Decree No. 126/2017 / ND-CP.
In case the properties are formed from the state budgets investment capital serving public utility activities that the enterprise is assigned to manage, exploit and use, it is not included in the enterprise value when equitization.
Cash assets include cash, deposits and valuable papers (bills, bonds ...) of enterprises. In particular, cash is determined in accordance with the minutes of checking the fund, deposits are determined according to the reconciled balance verified with the bank where the enterprise opens the account. Valuable papers are determined according to market prices; If there is no transaction, it shall be determined according to the face value of such paper.
In addition, equitized enterprises must publicly disclose information on the equitization process of enterprises in accordance with Clause 1, Article 11 of Decree No. 126/2017 / ND-CP.
Specifically, no later than 10 working days from the date of receipt of decisions, documents of the competent authorities on handling financial, labor, land issues related to the equitization process, equitized enterprises The company must publish the information on its website and send it to the Government Portal. At the same time, there is a document addressed to the Ministry of Finance and the Steering Committee for Enterprise Innovation and Development.