НЕГАТИВНО ВЛИЯНИЕ НА КЛИМАТИЧНИТЕ ПРОМЕНИ ВЪРХУ ИЗВЕЖДАНЕТО НА СПРАВЕДЛИВАТА СТОЙНОСТ НА ДОХОДОНОСНИ АКТИВИ (НА ПРИМЕРА ВЕЦ)
CLIMATE CHANGE HAS A NEGATIVE IMPACT ON THE DERIVATION OF THE FAIR VALUE OF PROFITABLE ASSETS (EVALUATION PROFITABLE ASSETS)

Author(s): Kalina Kavaldzhieva
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: assessment; climate change; Profitable assets; fair value; market value; management; sensitive value
Summary/Abstract: Managers would like to present in their Financial Statements all the assets and liabilities of the Company at fair value. In order to optimize the activity of the enterprise and maximize the value of capital through adequate financial and management decisions. Main objective: When we make business analysis and evaluation more important is – when the business is successful or not; what is the value of the assets in the company's balance sheet; what is the fair value of the assets owned by the company? For some assets such as Profitable assets (Payables) (for example: Hydroelectric power plants/station), fair value is influenced by climate change. When assessing such assets, all applicable valuation standards, EVS,IVS, National valuation standards, Regulation 575, as well as the EU Directive and the Mortgage Lending Act in Bulgaria The tasks we set up are to analyze the situation in which assets work; to analyze the costs and revenues that generate those assets and to present the effect of the fair value (market value) of the profitable assets. The method applied is based on a Incoming approach, by examining in detail the generated cash flows. A problem is how to determine the subsequent measurement of the Reevaluation of Profitable Assets in the presence of climate change. The correct application of the method of deducting the value of Profitable Assets as well as the change in value as a result of climate change is of paramount importance to all stakeholders. The applicable method is: Discounted cash flow method.Main Results – Evaluate Fair / Market Value of Payables at the time of acquisition. Evaluate the Fair / Market Value of Profitable Assets as a Result of Climate Changes A number of components need to be taken into account when removing it.Conclusions The fair / market value of the Profitable Assets depends on:- the way of corporate management,- Climate change that directly affects the value of assets and the effect of the change in value in the financial statements of the company.Recommendations: In the case of a statutory return on the value of a Profitable Asset – the importance of the problem is dictated by the principle of true and fair presentation of assets / effects of climate change, the effect of activity and management on the balance sheet and, on the other hand, changedfair / market values in management reports

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