估值中的不确定性管理.pdf

1、 Indufor GroupMelbourne 30-31 March 2026Forest Valuation SummitManaging uncertainty in valuations2|2026 Indufor GroupBiological valuation reportingAssetsCurrent assets-Cash and cash equivalents-Trade and other receivables-Inventories-Biological assets Non-current assets Property,plant and equipment

2、Biological assets Total assets$200million3|2026 Indufor GroupBiological valuation reportingForest value:=Land value+current tree crop+future crop value+carbon+other sources of value4|2026 Indufor GroupBiological valuation reporting tree crop uncertaintyYield Inventory is commonly designed to provide

3、 an estimate which is within+/-10 or 15%of true mean within(i.e.95%confidence limit)5|2026 Indufor GroupBiological valuation reporting tree crop uncertainty MGP10 2019 perspective6|2026 Indufor GroupBiological valuation reporting tree crop uncertainty MGP10 2019 and 2026 perspectives7|2026 Indufor G

4、roupReporting frameworksRelevant accounting standardsAASB116 LandAASB141 Agriculture(tree crop)AASB 13 Fair value measurement8|2026 Indufor GroupReporting frameworks fair valueThis Standard defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an

5、orderlytransaction between market participants at the measurement date.A fair value measurement assumes that the asset or liability is exchanged in an orderly transaction between market participants to sell the asset or transfer the liability at the measurement date under current market conditions.9

6、|2026 Indufor GroupForest valuation standard definitions risk and uncertaintyRisk:refers to the possibility of deviation from expected outcomes.It involves known potential outcomes and probabilities which can be quantified and assessed objectively.Uncertainty:refers to the situation where there is a