Regulatory framework used for determination of value of assets
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Federal Law No 135 dated 29.07.1998 "On Valuation Activities in the Russian Federation";
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Federal Valuation Standard “General concepts of valuation, approaches and requirements to valuation conductance (FSO No 1)”(approved by Order No 297 of the Ministry of Economic Development and Trade of Russia dated 20.05.15, the document effective since 30.09.2015);
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Federal Valuation Standard “Valuation purpose and types of value (FSO No 2)” (approved by Order No 298 of the Ministry of Economic Development and Trade of Russia dated 20.05.15, the document effective since 30.09.2015);
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Federal Valuation Standard “Requirements to a valuation report (FSO No 3)” (approved by Order No 299 of the Ministry of Economic Development and Trade of Russia dated 20.05.15, the document effective since 30.09.2015);
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Valuation activity standards and rules of the SELF-REGULATORY INTERREGIONAL ASSOCIATION OF VALUATORS.
If the valuation is conducted for purposes of pledge, the following shall be additionally used, irrespective of the Valuation Object (movables, immovables, business, non-tangible assets, commodity stock and supplies etc.):
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Federal Valuation Standard “Valuation for purposes of pledge (FSO No 9)” (approved by Order No 327 of the Ministry of Economic Development and Trade of Russia dated 01.06.15, the document effective since 30.09.2015).
If the Valuation Object is represented by business (shares, equity interest in mutual funds of production cooperatives, stakes in chartered (share) capital) or the asset complex of an organization (or part thereof as the segregated property of ongoing business), the following shall be additionally used irrespective of the intended use of the valuation results (pledge, sale-and-purchase, contribution to the chartered capital, entry in accounting records etc.):
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Federal Valuation Standard “Valuation of business (FSO No 8)” (approved by Order No 326 of the Ministry of Economic Development and Trade of Russia dated 01.06.15, the document effective since 30.09.2015).
If the Valuation Object is represented by movables, the following shall be additionally used irrespective of the intended use of the valuation results (pledge, sale-and-purchase, contribution to the chartered capital, entry in accounting records etc.):
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Federal Valuation Standard “Valuation of machines and equipment (FSO No 10)”(approved by Order No 328 of the Ministry of Economic Development and Trade of Russia dated 01.06.2015, the document effective since 30.09.2015).
If the Valuation Object is represented by immovables (except for cases of valuation of air and marine crafts, inland navigation crafts, space facilities, subsurface sites, enterprises as asset complexes subject to state registration, as well as determination of the cadastre value of immovable properties through mass valuation methods), the following shall be additionally used irrespective of the intended use of the valuation results (pledge, sale-and-purchase, contribution to the chartered capital, entry in accounting records etc.):
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Federal Valuation Standard “Valuation of immovables (FSO No 7)” (approved by Order No 611 of the Ministry of Economic Development and Trade of Russia dated 25.09.14, the document effective since 25.09.14).
If the Valuation Object is represented by intangible assets (individual intangible assets or sum total of intangible assets), the following shall be additionally used irrespective of the intended use of the valuation results (pledge, sale-and-purchase, contribution to the chartered capital, entry in accounting records etc.):
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Federal Valuation Standard “Valuation of intangible assets and intellectual property (FSO No 11)” (approved by Order No 385 of the Ministry of Economic Development and Trade of Russia dated 22.06.15, the document effective since 30.09.15).
